Impact Of Technology On Accounting Information System Essay

Impact Of Technology On Accounting Information System Essay

Length: 1216 words (3.5 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Modern information system is now popular all over the world, it also change the accounting area. Instead of the old manual analysis, many companies making effort in developing a fitted accounting information system for themselves, as they realize the advantages that the new technology brings in - more efficient and accurate in processing, integrated data, detailed record etc. However, even though there are so many benefits, the functional system also brings challenges, making new requirements to the accountants and auditors. This paper will discuss the impact of technology to the accounting information system, as well as the necessary capability ethics that the accountants should learn in this 21th century.

The technological impact on the accounting information system
Firstly, the function of accounting information system is improving. The main function of AIS is to provide information derived from the financial transactions. The daily paper record, receipts and invoice, the electronic copies, any kinds of documents could be the source of the financial transaction. The piecemeal data is hard to trace and follow. The traditional accounting information system solves this problem. It collects the information, sorting and processing, making a record and then providing it to the users who are interested in it. However, with the development of technology, the function is being improved. Under the network environment, the accounting information system trends to base on internet to realize the financial information processed electronically and automatically. The emerging functions, such as cloud computing, shadow data, giving convenience to the users via mobile devices. The non-network AIS is no longer meeting the new requir...

... middle of paper ...

...tants, putting forward the new demand for the professionals who use the accounting information system. As a result, two capabilities are recognized to be essential for the professionals. One is the competency, it lists out a pattern of knowledge used in the job as well as be aware of the link between information systems and decision-making. On the other hand is the ability of analyzing and diagnosing, which is good at problem solving. Another challenge is about ethical issue, requiring integrity and confidentiality as a professional quality of an accountant. To conclude, the accounting information system integrating the information, analyzing and supporting decision-making will become more important in the forming of a company’s strategy. Understanding the structure of accounting information system would lead to a competitive advantage over competitors in the future.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Impact Of Information Technology On The Workforce, The Educational System, And Social Life

- Information technology is the application of computers and telecommunication equipment to store, retrieve, transmit, and manipulate data. This includes distributing and manufacturing information. This use of technology can be applied in the workforce, the educational system, and social life. Centuries ago, people did not have the means of technology that we have now. Alexander Graham Bell received the patent for his invention of the telephone in 1876. The first fully functioning computer was developed from 1936- 1938 by Konrad Zuse in his parent’s living room....   [tags: Mobile phone, Laptop, Telephone, Internet]

Better Essays
1048 words (3 pages)

Essay on Integrating Information Technology Into Business Operations

- Operating any business without the application of information technology in the modern business world is actually impossible. The world has gone digital and in every sector of economy, entrepreneurs are busy applying information technology systems to run their businesses smoothly. Nevertheless, the invention of information technology and its entrance into business arena has seen, customers demand better services whenever they do business or receive services. From banking to financial markets, stock exchange to retail markets, businesspersons use information technology principles to attract, serve and retain customers....   [tags: Information Technology ]

Better Essays
1539 words (4.4 pages)

The Financial Impact of Technology on Service Delivery Essay

- The goal of this literature review is to increase our knowledge about technology use in practice and to identify where there is need for improvement. Information technology seems to be a widely discussed topic these days and most nurses have no clear idea how it can transform the way we do things on an every day basis. We will also look at the influence technology has on nursing, patients, and colleagues with respect to increasing impact in the financial sector. According to Reuters, “The United States spends more on healthcare than any country in the world but has higher rates of infant mortality, diabetes and other ills than many other developed countries.” Health care experts and consumer...   [tags: Information Technology]

Better Essays
1147 words (3.3 pages)

Information Technology Has Made A Significant Impact On The Quality Of Life

- In the last two decades, information technology has made a significant impact on the quality of life, whether it be in the work setting or in our personal and public life. It takes on several different tasks such as handling data and information dealing with advances in telecommunication and computer technology. Information technology is currently known for the use of its extensive tasks on decision making, ease of operation, communication, record keeping and high productivity. Also IT have led to dramatic changes such as transactions becoming paperless, cash being converted to E-cash and businesses being able to be managed even without the manager being in the office....   [tags: Management, Decision theory, Information systems]

Better Essays
1443 words (4.1 pages)

Technology And Its Impact On Technology Essay

- Will humanity as we know it survive it 's obsession with advancing technology. Our expanding repertoire of increasingly advanced digital tools allows us to access and spread information around the world in real-time. Smartphones don 't just keep us constantly connected to the people in our lives, they grant us access to the whole of human knowledge via the internet. Computers have become so powerful and compact that most individuals in the modernized world are never without one; and in many cultures, they are the central means of communication, spreading information, and almost every other facet of modern life....   [tags: Globalization, Technology, Human, Evolution]

Better Essays
885 words (2.5 pages)

The Impact of Information Technology on Individuals, Society and Organizations

- The Impact of Information Technology on Individuals, Society and Organizations Information systems and information technology are important in supporting, maintaining and enriching many aspects of livings. They bring benefits to lives of individuals, operations of business and the functioning of society but there are also drawbacks associated with technology and information system....   [tags: IT Technology ]

Better Essays
1188 words (3.4 pages)

Information Management Essay

- The management consulting industry deals in three different areas; risk management, consulting, and information management. In risk management, companies “seek greater protection against unexpected losses , whether from natural disaster, lawsuits, political events, and internet scandals.”1 Information management refers to the internet and how businesses organize and control the information flowing in and out of them2. Consulting combines the two, where businesses employ advisors to help them manage risks and their information to further profit and prevent loss within the company....   [tags: Information Technology ]

Better Essays
1371 words (3.9 pages)

Essay on The Impact Of Computer Technology

- The impact of computer technology Has computer technology enhanced our society or has it crippled our ability to function ethically. Computer technology has affected the workplace and compromised our privacy leaving us exposed for unauthorized use of our personal identity. Our world has become less ethical and it has become very difficult to trust or determine what is authentic. In today’s world we are totally living in a computerized world and we have lost the human element. Many companies have transitioned their information totally to computers and software packages that has moved many people out of jobs....   [tags: Technology]

Better Essays
1571 words (4.5 pages)

The Impact of Technology Essay example

- The Impact of Technology With all of the new technology forcing itself into our lives, many of us can't help but get sucked into the excitement. So as we struggle to figure out where the future is heading, we ask ourselves is it good or bad. In my opinion, it's a little bit of both. Everything we do uses technology. The computer that I typed this on is one of them. On page 28 in the textbook, there is a short story on how much we use computers daily. Our watches, ATMs, cars, TV’s, and Radio's all use computers to work....   [tags: Technology Technological Papers]

Better Essays
1175 words (3.4 pages)

Essay about Impact Of Computers

- Introduction People have been using computers for hundreds of years: the abacus used by the ancient Chinese is actually a crude computer. Thus, the concept of using machines to do calculations is an old one. However, when we use the term "computer technology" we are thinking of the innovations of the last 20-30 years, and particularly the development of the microprocessor. It was this that made it possible for people like Bill Gates to develop machines that are small, portable, and affordable....   [tags: Healthcare Impact Technology Benefits]

Free Essays
957 words (2.7 pages)