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The Effects of Technology On The Accounting Profession - Essay Example

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In the paper “The Effects of Technology on the Accounting Profession” the author analyzes change of the accounting profession as a result of the advancement in technology. Innovations accrued to the area of accounting profession will impact the accounting department of the organization positively…
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The Effects of Technology On The Accounting Profession
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"The Effects of Technology On The Accounting Profession"

Download file to see previous pages Another useful technology is the automated manufacturing computer. With this form of technology, PCs gather and report data at the same time. The result is an operational data framework that completely incorporates producing with advertising and accounting information, expanding both the quality and timelessness of data (Warren, 1998). This definite data has been of importance in accounting, permitting the accountants to create action based costing frameworks. These new costing frameworks permit accountants to assign overhead more productively. These frameworks can likewise recognize non-value added expenses giving cost accountants a chance to change them to value added expenses (Warren, 1998).Another innovation that is having an incredible impact on the accountant profession is Wi-Fi innovation. Presently, accountants can be on the inverse sides of the nation and deal with the same issues without either being on same location due to the advances of Wi-Fi innovation. Accountants can transfer data and reports from anyplace in the country regardless of the length. Types of Software Used To Improve the Accounting ProcessesEnterprise Resource Planning (ERP) SystemsThis is software that incorporates distinctive divisions in the association into the same framework. This makes information accessible differently and backings exercises between the distinctive divisions. The data is made accessible through a typical focal database and imparted through practical ranges, for example (Laudon & Laudon,  2006). ...Download file to see next pagesRead More
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