By using manual system, people often used Microsoft Excel. Microsoft Excel is a spreadsheet application that has formulas to operate and display a numerical data, graphing tools such as making a chart or tables, and a micro programming language.
Vector based – Vector based software is important when it comes to creating and editing images as these types of software allow you to compose and edit many different vector graphic images interactively on a computer and save them in one of many different formats such as EPS, VML, SVG and many more different
Resources of different specified application software are excellent in a way that they perform better, processing power is good and graphics user interface is friendly that may enable the access of strong data storage.
Years ago, most financial accounting was done manually, which caused lot of paperwork. With the achievement of computerized accounting, most accounting information can be recorded using computers gradually and saved many paper using. Paper work slows down transaction time and burdens entities with maintenance needs. By using computerized accounting method, we are no longer using manual bookkeeping, calculating, and other works. And it will analysis some portions of the accounting works that were normally complete by the human brain. It eases the burden of the level of works that an accountant has to handle and therefore it will be fewer jobs intensive and improve the quality and efficiency of the accounting work. Especially in cost accounting area, computerized accounting provides more detailed and accurate information in a timely manner, which allows accountants to develop an effective system to allocate the resources. Lots of users are using computerized accounting software, start from the smallest proprietorships to the largest of corporations. Although computerized accounting gave numerous types of advantages
Limited adoption of Data Management Platform: Although the DataFlux Data Management Platform is well aligned with trends in demand, it is still young and only a minority of customers have migrated from earlier versions of SAS DataFlux technology. In current market, approximately 25% of the organizations in a recent sample of reference customers indicated they were running recent or current versions of the Data Management Platform.
Technology in the accounting field has come very far, from the abacus to modern day accounting software. E-Business, work being done through networks, is taking the accounting field to a more future computerized world, leaving the pen and paper behind. With all the new technologies, the profession of accounting is growing and expanding and proving that information and skills provided by accountants using modern technologies can spill over and help other parts of a business. Even with all the down falls that accounts have taken, from the stock market crash of 1929, and the fall of companies such and Enron, World Com, and Tyco. New technologies have brought new legislature and new forensic accounting titles, helping to keep the accounting and business world spinning.
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 development of technology has altered the accounting industry substantially. With the help of accounting software namely Xero, the efficiency and accuracy can be achieved. It is foreseeable that more advanced technical equipment or system will be created which means the work effectiveness could be accelerated; however, challenges may be imposed in accountants as computers can do almost everything that an accountant can do. Another contextual factor could be globalization. Under the background of
Stair, R.M., Reynolds, G.W., Gelinas, J.U. Jr., Sutton, S.G., Hunton, J.E., Albright, S.C., Winston, W.L. & Zappe, C. (2007) Accounting Information Systems and Financial Modelling, Thomson, South Melbourne, Victoria, Australia.
A word processor enables the user to create a document, store it electronically on a USB or on a computer, display it on a screen, modify or format it by entering commands and characters from the keyboard, and print it on a printer. What Application Software is Available?