Wednesday, May 6, 2020

The Impact Of Information Technology On Accounting Activities

As development and improvement of society, Accounting has experienced approximately several stages. In theses stages, the development of advance technology for accounting is so important that its influence could not be overlooked. In today highly competitive, dramatically changed global economy, rapidly fluctuated business market, organizations have been forced to consider how to use information technologies to hold advanced competitiveness. As introducing of these information technologies into organizations, accounting activities has met new opportunities and challenges. The objective of this article is to collect information about how the development of information technology impact on accounting activities and even its process in organization. [Key Words]: Accounting, Computer, Network, Intranet, Internet, Enterprise Resource Planning, Database, Clouding computing 1. Introduction Accountancy has the history as long as human society. In primitive society, because of product exchange, people needed to record every trading, so accountancy was emerged. Accountancy thus was the way to record or process trading or financial information about human activity. As improvement of productivity, people needed to record and measure more and more business issues and trading transactions. At this time, accounting, which terms the activity of accountancy, at last became an independent domain. Accounting is used as a way to measure the business outcome and income of an organizationShow MoreRelatedResearch on the Influence of Informatization1698 Words   |  7 PagesInformatization On The Accounting Theories and Practices and Real-time Control in China Yang Lu Fairleigh Dickinson University RESEARCH ON THE INFLUENCE OF INFORMATIZATION 2 Abstract The 21st century is an information age of rapid development and the computer is more and more widely used in every country. As a development country, China is effecting by the increasing improvement of modern science technology in every field. InRead MoreThe Impact Of Accounting And Information Technology1704 Words   |  7 PagesIMPACT OF ACCOUNTING AND INFORMATION TECHNOLOGY Application of basic accounting theory is based on financial accounting practices used in the formation of a series of methods of the theory, mainly the development and implementation of accounting practice norms, is to guide and constrain accounting standards, the basis for evaluation of accounting. The development of accounting and information technology has given an impact to the accounting objectives, accounting assumptions and accounting informationRead MoreSarbanes Oxley Federal Law1073 Words   |  5 PagesInformation technology industry is developing very fast today. Being self-accelerated, information Technology develops ever more rapidly than the millions of users require. Moreover, the technology is important not only for general users but also for business operations. That is because it provides both tangible and intangible benefits that help to increase profit and ensure the effectiveness of customer service. These factors basically make information technology organizat ions extremely profitableRead MoreRoles And Activities Of Management Accounting Essay1568 Words   |  7 Pagesroles and activities of management accounting due to rapid changes in technology, can be described on following points: a. Changes in activities of data collection and control With advanced in technology, most companies are using accounting software or even Enterprise Resource Planning (â€Å"ERP†) system (such as SAP, Oracle, etc.) has the potential to have significant impact on the work of management accountants, as it reduces routine information gathering and the processing of information (Drury, 2012)Read MoreThe Implementation Of Accounting Information Systems1037 Words   |  5 Pagesimplementation of accounting information systems, accounting and corporate accounting management environment has undergone great changes, internal control mechanisms and instruments manual accounting system was not available for the network environment, the establishment of information systems and accounting internal control system adapted to become enterprises need to solve the problems. In the 1990s, with the development of global economic integration and information technology. Internet, data transmissionRead MoreImpact of Ict on Accounting Practice in Nigeria1663 Words   |  7 PagesThe impact of ICT on accounting practice in Nigeria CHAPTER ONE Introduction 1.1  Ã‚  Ã‚   Background of the study   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the recent past centuries, before the inception of Information and Communications Technology (ICT), the accountants of an organization were using a socially acceptable behavioural method of reporting accounting and economic reports, carried out during accounting year ends, the preparation of accounting records, book such as the profit and loss account, the balance sheetRead MoreManagerial Accounting And The Certified Management1408 Words   |  6 PagesManagerial accounting is used by an organization to ensure informed decisions are made regarding current and future operations. Businessmen and women must have the ability to comprehend financial information provided to properly determine the correct course of action. In the global market of today, an organization’s inability to accurately determine the best course of action can lead to financial ruin for the company. Uninformed decisions by leadership can derail a businessâ₠¬â„¢ prospects for successRead MoreFeature of Mis1573 Words   |  7 PagesFeatures of MIS Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows: 1. Accounting management information systems: All accounting reports are shared by all levels of accounting managers. The management of the information which at the accounting department is one of the most importantRead MoreResearching Topics Of Interest Is A Key Starting Point For The Research Effort1538 Words   |  7 Pagesperforming a complete research effort this will allow me to gain the necessary information to effectively answer the research questions, resolve the research problem, and meet the purpose of the research (Leedy Ormrod, 2013). The following sections include the formulation of potential topic areas of interest for my doctoral level research. Earnings Management: An Examination of Ethical Implications, Fraud, and the Related Impacts to Stakeholder Interests The first topic area involves an observation ofRead MoreData Collection and Analysis1675 Words   |  7 Pagesaims of the School Based Assessment are: 1. To gain an insight into the many laws and precepts that governs the daily operations of Scotia Bank. 2. To unearth the legal, social, ethical and technological issues that affects Scotia Bank and their impact on its operations. 3. To come to a conclusion on the basis of the topic selected and to derive appropriate recommendations. 4. To help the researcher in endorsing investigative proficiencies. 5. To consent to the development of improved attitude

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.