The Impact Of Information Technology On The Accoun

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The Impact of Information Technology on the Accounting Profession Accounting can be defined as the art of communicating financial information regarding the business entity to the users for example shareholder and manager. Its also defined as the art of recording, classifying, and summarizing in a significant manner and terms of money, transactions and events which are, in part at least, of financial character, and interpreting the result thereof” by AICPA . Accounting will create a communication in the financial form statement with the management. Thus the management can control their economic recourse based on financial form that produce by accounting. Its create the art of selecting the reliable information that is relevant to the user. The old fashioned accounting system are recording, classifying and summarizing the business entity by written everything on the papers. They used T account or hand written journal entries or even hand written ledgers. A lot of time has been consumed just to write everything on the papers. The negative part is, the accountant like to do creative accounting to manipulate the financial statement. Thus, the accounting profession has experienced many different changes and as well as a tremendous amount of growth over the past century. In addition the unethical accounting practice such as fraud and manipulating financial statement has been increased recently, thus accounting systems in needs the advanced technology of accounting systems in order to better monitor what is going on with organizations. Nowadays, the real-time needs has create the advanced technology of accounting systems by converting the old fashion accounting system into computerized systems which has been absorb by all business all over the world. The reports and financial information can be produce just at the click of the button. This technology give a big

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