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The Effects Of Technology On Accounting

777 words - 4 pages

THE EFFECTS OF TECHNOLOGY ON THE ACCOUNTING PROFESSION PAPER
JEANETTE SANDERS
XACC/210
JUNE 8, 2014
RICHARD VINCENT
Abstract

THE EFFECTS OF TECHNOLOGY ON THE ACCOUNTING PROFESSION PAPER

Thirty years age most financing accounting was done by hand, which indeed left a long paper trail. “Currently, most accounting information is recorded via computers and wide area networks (Journal of Accountancy, 1994). Technology has changed the face of accounting over the last fifty years. It is unclear whether technology’s has an impact on accounting which can be interpret as being positive and negative. It is clear that technology has changed the accounting period. Some of the impacts ...view middle of the document...

Accountants run the risk losing accountability and confidentially.
The elimination of “paper trail can be proven to be a key concern of accountants in the electronic information age. Technologies has grown to allow fraudulent activities which along accountant to eliminate the paper trail. Image processing has reduced the amount of paperwork for a business transaction, The Electronic Data Interchange (EDI), is used for business transactions between two enterprises are conducted primarily with a computer system instead of people. The use of EDI processing transactions results in electronic audit trail for auditors. This electronic trail becomes more difficult to follow with networking and collaborative computing. Area networking is approach that involves resource sharing by several computers at different placed. This networking makes it very difficult to follow the origin of a transaction and opening the door for fraudulent activities.
Technology affects our daily lives. An environment shows how technology to the point that most of the time we take for granted. We never notice the level of impact that it has on us until when we have no telephone, transport, water and no electricity.
Technology has changed how accounting is performed in every accounting form in the United States: including all over the world. “Accounting software has provided for much more tidy collection and allocation if accounting data.”(www.phxcpas.net). the integration of multiple data formats has given appropriate user of accounting much faster and easily accessibility. This is sign can accept on larger companies who rely on...

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