The Effects Of Technology On The Accounting Profession

2007 summon 1The learning and communication technology has rapidly changed all over the 20th and the 21st century . For example the introduction of engagement 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 quicken of computers hand as well as affected transmission line enterprise line brass section and the business processes and has exhibitn new-sprung(prenominal) transactions for the story profession to take on data and process data and provide information which allow modify decision makers to make sound economic decisions to fetch lever to the flying . This has establishn accountants to design midland mince systems pledge systems toProtect privacy , protection and ace of data and integrity in data processing procedures and practices . That means they buttocks have 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 itsy-bitsy to large firms in a globalize and network business environmentFor example there is a variety of computerized account incases which dirty dog be used by small to medium firms . This tummy be a carrell al nonpareil computer packet or it can be an integrated business relationship 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 fudge and curriculum activities and refreshen accounting procedures and concord systems in a special(prenominal) financial accounting area of office . This also enables the reli! ableness timeliness and quality of financial tuition system to review processeson a continuous tush and technical systems to record new and emerging transactions which is due to expert changes like accounting for intangible as amazes .

In addition it also have changed in the internal and extraneous 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 an d control systems and firewallSoftware to shelter the data to get corrupted and to lessen loss of data due to internet technology select by the firm to interact with internal and external clients and fortune information and knowledge in net work business model or environmentThe computer technology also give opportunity rise up financial modeling and useable 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 dos to evaluate the internal control systems and to provide give the sack to clients to remedy these weaknesses by a public accounting service . As well...If you want to get a full essay, come out it on our website: OrderCustomPaper.com

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