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Effects of Technology on Accounting. Effects Of technology On the Accounting
Profession The accounting profession has experienced ...
Technology in Accounting. Technology ... This is when the accountant must be informed
and up to date in technology and accounting forums. Accountants ...
... Noor Azizi Ismail, in his article: Information Technology & Accounting: Issues and
Challenges, gives a brief history of Information Technology as it applies to ...
Technology and Accounting. ... Human error is one of the greatest obstacles that
technology has helped the accounting profession overcome. ...
The Effects of Technology on the Accounting Profession. Accounting is the way
we identify, record and communicate financial transactions ...
Submitted by tsmith0412 on April 20, 2008
Category: Miscellaneous
Words: 346 | Pages: 2
Views: 43
Popularity Rank: 107,141
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The Affects of Technology on the Accounting Profession
Technology has greatly affected the accounting profession in the since that a task that normally would take eight clerks to perform can be accomplished by one accountant. Accountants have cried for many years to get new systems developed for their profession. It now seems that their cries have been heard. Technology has come in and changed the way accountants perform their job duties. Information Technology has now made it easier for accountants to generate reports and perform year-end closes. Accounta
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Computers also help with efficiency. Technology has made the process so sophisticated; it is just a matter of plugging numbers where they go and waiting for the results. With the establishment of these new technologies the task and man hours needed to perform a duty has been extraordinarily decreased.
In conclusion, Technology has greatly affected the accounting profession. Tax software has become so user friendly that even the average American can prepare their taxes without the help of a professional accountant. For example in my profession I work at a community college in the accounting department where accuracy is by far the most important skill to possess. Technology has been the major key in the accounting profession therefore eliminating the possibility of human error. Now, with the current technology tax software programs accountants can perform an individual�s tax return in a matter of minutes. By simply, clicking on a few buttons, answering a few questions, providing the individual has the correct information and can easily prepare their own returns. Regardless of how hard a person try to be error free, it is nearly impossible, to compete with the accuracy of information processing systems. An example would be tax preparation. Without the help of computers and its software such as excel, quick books the accuracy of the work I produce...
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