ACCOUNTING

Technology Based Information Systems Affect Accounting

Technology Based Information Systems Affect Accounting

Recent advances in information technology--evidenced by the widespread use of personal computers, powerful off-the-shelf software and easy access to even the most remote financial, production and marketing data--have changed the way business is conducted and the way accountants work. There is reason to believe that even more dramatic changes are about to occur.

Most of the changes that businesses have implemented so far have been based on paper-oriented, precomputer thinking. Some business thinkers, while not totally abandoning yesterday's precomputer methods, are starting with a clean slate, rethinking and reengineering the way ...