Technology on the Accounting Profession

In: Miscellaneous

Submitted By juliejones111
Words 958
Pages 4
Effects of Technology on the Accounting Profession
ACC/210
August 15, 2011

Effects of Technology on the Accounting Profession Technology, information, software, and even the machines used to input, translate, and interpret the data we enter are ever evolving at shocking rates. We must constantly stay on top of our skills in order to be able to navigate through the vast screens, shortcuts, functions, and utilities stored in these small computers that have the capacity to do what would take a room full of human brains to do in a fraction of the time. In a time where nearly every occupation can be automated, accounting is nearly no exception, but notice I did say ‘nearly.’ With a vast array of software programs, data collection methods, and forms of technologies to keep accounting professionals up to the minute on their financials, there is little reason to justify the use of the antiquated legal sized general ledger books anymore. By integrating AIS effectively in the manufacturing industry, the accounting department where I work has been able to promptly and accurately produce cost analysis reports for the machines we produce, determine our SG&A at any given point, and determine whether a customer’s credit can be extended based on their average days of payment. AIS are invaluable tools that are overlooked for the value that they truly add to an accounting department. An accounting information system is a system that combines traditional accounting practices such as the Generally Accepted Accounting Principles (GAAP) with modern information technology resources. ("Accounting information systems," 2010) Accounting information systems have allowed for a much more orderly gathering and distribution of accounting information. By centralizing the collection of data into a location that can be utilized by many users, entries are not limited to one person per GL…...

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