The Internet is an invention that revolutionized the century. It is a technology that has not only made accounting more efficient and effective, but arguably has improved most, if not all, of culture and commerce. It represents the product of one of the most successful examples of continued investment and research and development of information infrastructure. Not only has it helped shape accounting into what it is today, it will continue to develop accounting in the future.
Although the exact date of origin of the Internet is not established, its history began with the development of electronic computers in the 1950s. Leonard Kleinrock from MIT published a paper on packet-switching theory in July 1962, and the first book on the subject in 1964. Packet-switching is defined as a digital networking communications method that groups all transmitted data—regardless of content, type, or structure, into suitably sized block, called network packets. A network packet is a formatted unit of data carried by a packet-switched network. Kleinrock argued that the theoretical feasibility of communications using packets rather than circuits. In 1965, MIT researcher Lawrence G. Roberts worked with Thomas Merrill to create the first wide-area computer network ever built, which determined the attempt to make computers talk to each other as possible. In 1967, Roberts published his plan for the ARPANET, Advanced Research Projects Agency Network. Due to Kleinrock’s development on the packet-switching theory, his Network Measurement Center was selected to be the first node on ARPANET. By the end of 1969, four host computers were connected together to the ARPANET, and the developing Internet was ready to launch. This eventually led to the development...
... middle of paper ...
...he future of accounting will depend on the new advancements and developments of the Internet, and accountants will ultimately have to adjust and adapt to the new environment. The Internet has only improved and benefited how accountants do their job, so we can only hope that the job becomes, somewhat in the slightest, more easily achievable in the future.
Works Cited
http://en.wikipedia.org/wiki/History_of_the_Internet http://en.wikipedia.org/wiki/Internet http://en.wikipedia.org/wiki/Packet_switching http://en.wikipedia.org/wiki/Network_packet http://en.wikipedia.org/wiki/Intranet http://www.internetsociety.org/internet/what-internet/history-internet/brief-history-internet http://raw.rutgers.edu/MiklosVasarhelyi/Resume%20Articles/PROFESSIONAL%20PAPERS/P19.%20future%20of%20acct%20and%20electronic.pdf
http://www.nysscpa.org/cpajournal/2007/507/perspectives/p12.htm
As technology progresses it can truly change how a business operates in terms of accounting and financial reporting. Online software has become a widely used system by many businesses around the globe. Financial reporting is essential to any business especially when seeking for potential investors or stakeholders. The reason being is because a financial report contains all of the records of how a business is performing financial wise. Likewise there are purposes of securities regulations and the main one is to disclose any schemes.
The internet was invented on January 1, 1983 by a group of researchers. Not many people had access to the internet because it was still experimental, and a computer was expensive and took up a lot of space. But when Tim Bernes-Lee invented the World Wide Web in the 1990’s, most people had access to the internet. Since then, the internet has been one of the main focuses in society.
The origins of the Internet date back to research commissioned by the United States government in the 1960s to build robust, fault-tolerant communication via computer networks. The primary precursor network, the ARPANET, initially served as a backbone for interconnection of regional academic and military networks in the 1980s. The funding of a new U.S. backbone by the National Science Foundation in the 1980s, as well as private funding for other commercial backbones, led to worldwide participation in the development of new networking technologies, and the merger of many networks. The linking of commercial networks and enterprises by the early 1990s marks the beginning of the transition to the modern Internet, and generated a sustained exponential growth as generations of institutional, personal, and mobile computers were connected to the network.
According to Professor Clark of APSU, “Accounting has changed more since 1980 than in the previous 4000 years” (Clark, 2016). The prime reason for this exponential growth in the last 35 years or so is the impact the internet has had on all of our lives. As access to the internet grows, more small businesses will be able to grow. The technology, access and speed of the internet will need to continue to match the exponential growth of the technology that uses it. So far, that seems to be the
I am interested in conducting research and teaching in managerial accounting, auditing and assurance services and accounting information systems. In particular, I am interested in exploring the role of accounting information systems in decision making, internal control, and auditing. In order to gain an appreciation of these and related issues, it is essential for me to have a strong grounding accounting, accounting information systems, information technology, managerial accounting, as well as gain a general economic and management perspective.
"The Evolution of an Accounting Practice: The Impact of Technology." IFAC. International Federation of Accountants, 24 Sept. 2014. Web. 30 Jan. 2017.
Change is inevitable. Yogi Berra once said “The future ain’t what it used to be.” It is clear that the future of the accounting profession ain’t what it used to be (Gormon and Hargadon 1). The changes occurring are happening fast, they are dynamic and they are completely and undeniably real. Since the world around the accountant is changing, the accountant has no option but to change as well. The field of accounting has always been one to know change and to know adjustment, but within the recent past and certainly within the next few decades, the changes that are occurring and will occur absolutely are the most dramatic and exponential yet. Obvious changes lie in the expanding scope of services performed by accountants, the increased use of
An important ability of any great leader is expertise in his or her area of practice. This can be achieved through, “studying new technological research, analyzing competitors’ products and conferring with customer and engineers.” (Dubrin, 2007) The author feels very strongly that this area is one in which she is very proficient. She prides herself on not only constantly refining her skills in accounting through continuing education and professional training, but by researching industry specific information on the company that she works for.
Initially, the internet was developed under a government funded project called ARPANET (Advanced Research Project Agency), in late 1962, directed by members of MIT who saw great potential in the ability to transmit data across a global network system i.e. the telephone system. The intention was mainly to design a system that would enable the sharing of information on research and development on scientific and military aspects. In addition, it was to provide an alternative communication network, which could be re-directed across a number of alternative routes, in the event that a site was destroyed by nuclear attack. Since the internet's first stages of development, today, it is still used as a data sharing agent. Whilst in the past, it was used primarily used by government specialist and large organizations, it can now be found in use, in the homes of more than 500 million households worldwide, according to estimated statistics at Telecom from a number of surveys in August 2001.
An Accounting Information System (AIS) can be defined as software that helps accountants to collect data and process it to create information ((Bagranoff, Simkin and Norman 2010)
The internet is a total of medium¢s which are connected between them with channels of communication. The internet is actually an internet after it connects smaller networks of many countries. The internet rouses the computer and the world of the communications like nothing else before. The invention of the computer, of the telephone, of the telegraph etc, place the stage of this unprecedented completion of faculties. The internet becomes right away a world capability radio broadcast, a mechanism for the distribution of information and a means for the cooperation and the interaction between the individuals and their computers, being indifferent to the geographic place. In 1958 the American ministry of defence created a department called "Advanced Research Projects Agency" – ARPA. Its goal was to create new technologies. In 1968 they created the ARPAnet, a network of computers. For 20 years the internet was a network with precise and enormous in volume computers.
Term Paper: The History of the Internet The Internet began like most things in our society, that is to say that the government started it. The Internet started out as an experimental military network in the 1960s. Doug Engelbart prototypes an "Online System" (NLS) which does hypertext browsing, editing, email, and so on. The Internet is a worldwide broadcasting resource used for distributing information and a source for interaction between people on their computers. In 1973, the U.S. Defense Advanced Research Projects Agency (DARPA) initiated a research program to investigate techniques and technologies for interlinking packet networks of various kinds.
Accounting is so important in our modern society. It serves a variety range of place in our society. It serves a variety range of place in our soceity, from school to hospital, from business firm to government agencies. It's also the main force in regulation of taxation and industrial activity. It serves a great aspects on the development of mass-production systems, any way, it's a very important term in our modern soceity.
The use of the internet has become critical since it has transformed the way business is conducted in the present day. Nowadays, it is such an important tool that every company is using the internet in some way – whether it be finding out new sources of raw materials, new markets, new distribution channels, the policies of the foreign government, or competitive environment of a foreign market. Proper usage of the internet can provide companies a competitive advantage. It benefits companies by finding that relevant information at very low cost.
The following essay aims to analyse in depth a computerised accounting system and its aspects such as its history, what technologies is based on, and how it has developed since its beginning. Other aspects such as the current state of the system and the interactions with other systems and the future of the system will also be covered in this paper.