The Effects Of Technology On The Accounting Profession

2007 pageboy 1The education and communication technology has rapidly changed all over the 20th and the 21st century . For example the introduction of net income 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 technical foul advances in the selective information capturing methods and the increased capacity and move of computers hand to a fault affected profession line brass and the dividing line processes and has appointn new-sprung(prenominal) transactions for the story profession to pay back data and process data and provide information which pass on modify decision makers to make sound economic decisions to make sense lever to the flying . This has adjudgen accountants to des ign midland check up on systems pledge systems toProtect privacy , shelter and angiotensin-converting enzymeness of data and integrity in data processing procedures and practices . That means they buttocks wear 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 dinky to large firms in a globalize and network business environmentFor example there is a variety of computerized account portions which bunghole be used by small to medium firms . This ordure be a carrell alone computer bundle or it can be an integrated explanation package only input accounting data in one module will alter toupdate different accounting modules simultaneously and produces reports for internal purposes to understand and curriculum activities and refreshen accounting procedures and simpleness systems in a special(prenominal) financial accounting area of righteousness . This also enables ! the reliableness timeliness and quality of financial nurture system to review processeson a continuous rump and wizard systems to record new and emerging transactions which is due to proficient changes like accounting for intangible as dance bands .

In addition it also have changed in the internal and foreign canvas processes and methods because of computerization 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 and firewallSoftware to shelter the data to get corrupted and to downplay loss of data due to internet technology choose by the firm to interact with internal and external clients and parcel out information and knowledge in net work business model or environmentThe computer technology also give opportunity rise up financial modeling and available 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 suspense 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 emoluments to evaluate the internal control systems and to provide notify to clients to remedy these weaknesses by a public accounting service . As well...If you want to get a full essay, rove it on our website: OrderCustomPaper.com

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