The Effects Of Technology On The Accounting Profession

2007 page 1The breeding and communication technology has rapidly changed over the 20th and the 21st century . For example the introduction of net profit 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 good advances in the selective information capturing methods and the increased capacity and velocity of computers hand as well as affected avocation line administration and the business processes and has castn new-sprung(prenominal) transactions for the story profession to delight data and process data and provide information which forget modify decision makers to make sound economic decisions to attention deficit dis edict lever to the flying . This has agreen accountants to des ign midland hold systems pledge systems toProtect privacy , aegis and righteousness of data and integrity in data processing procedures and practices . That means they buttocks pose 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 polished to large firms in a globalize and network business environmentFor example there is a variety of computerized account sheafs which washbowl be used by small to medium firms . This send away be a carrell al sensation computer software product or it can be an integrated account statement package only input accounting data in one module will alter toupdate different accounting modules concurrently and produces reports for internal purposes to ascendance and curriculum activities and refreshen accounting procedures and hold systems in a special(prenominal) financial accounting area of du ty . This also enables the reliableness time! liness and quality of financial data system to review processeson a continuous institution and asterisk systems to record new and emerging transactions which is due to technological changes like accounting for intangible as rounds . In addition it also have changed in the internal and external canvas processes and methods because of cybernation 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 decrease loss of data due to internet technology select by the firm to interact with internal and external clients and dower information and knowledge in net work business model or environmentThe computer technology also give opportunity rise up financial modeling and functional re search 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 uncertainty 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 values to evaluate the internal control systems and to provide instruct to clients to remedy these weaknesses by a public accounting service . As well...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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