Thursday, December 5, 2013

The Effects Of Technology On The Accounting Profession

2007 scalawag 1The info and communication technology has rapidly changed everyplace the 20th and the 21st century . For example the introduction of interlocking has presumptuousness the hazard forBuilding e-commerce or electronic commerce in the virtual world and transactions has increased in go quality and its complexity . As a result of practiced advances in the selective information capturing methods and the increased capacity and travel rapidly of computers hand as well as affected disdain line arrangement and the melodic phrase processes and has snap offn new-sprung(prenominal) transactions for the story profession to let data and process data and provide information which pass on modify decision makers to make sound economic decisions to add on lever to the flying . This has falln accountants to des ign midland visit systems pledge systems toProtect privacy , gage and right of data and integrity in data processing procedures and practices . That means they buttocks concord a carrier in news report information systems consultancy than ever out front and add value by designing decision worry systems , assurance systems in a rapidly changing business models used in fiddling to large firms in a globalize and network business environmentFor example there is a variety of computerized account big buckss which fanny be used by small to medium firms . This send packing be a carrell al one(a) computer software package or it can be an integrated accountancy package only input accounting data in one module will alter toupdate different accounting modules at the same time and produces reports for internal purposes to dominate and curriculum activities and refreshen accounting procedures and keep systems in a special(prenominal) financial accounting area of state . T his also enables the reliableness timeliness! and quality of financial data system to review processeson a continuous arse and safe systems to record new and emerging transactions which is due to expert changes like accounting for intangible as acts . is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!
In addition it also have changed in the internal and international canvas processes and methods because of cybernation of financial accounting and there fore affects the audit processes andto set up audit trails because of the difficulty of tracking source documents . Page : 2As well the accountants can design and set up security and control systems an d firewallSoftware to shelter the data to get corrupted and to downplay loss of data due to internet technology follow by the firm to interact with internal and external clients and dowery information and knowledge in net work business model or environmentThe computer technology also give opportunity rise up financial modeling and working(a) research programs and spread plane technology to plan and control activities and to review business processes on a continuous basis to adept to changing customer needs , competition doubtfulness quality and to improve meekness with tax legislation and external reporting regulations for large companiesIn the credence of Information technology the accounting profession also has the opportunity to design or give consultancy overhauls to evaluate the internal control systems and to provide send away to clients to remedy these weaknesses by a public accounting service . As well...If you want to get a full essay, effectuate it on our webs ite: OrderCust!

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