The Effects of Technology on the Accounting Profession - Essay Example

In this paper we will discuss how technology has affected the field of accountancy and what role does technology play in both the short and the long run for the effective use of accountancy. Technology has always played a very important role in human existence and molded most aspects of traditional profession. In accounting technology has performed a pivotal job in keeping track of business dealings, and the idea of using mechanical apparatus to solve numerical problems goes back centuries. Current technology has changed the face of accounting; it has changed an accountant’s role in an organization empowering them with powerful scrutinizing tools.

Advances in computer technology has ushered the new "information system” and reshaped accounting as a discipline. Technological growth has been converting industry and accounting form the early 21st century and will carry on with the same in the future. It has been seen that there are several changes that technological advancements has brought to accounting as a field of study and practice. The employment of computers has altered accounting in several ways.  Before the adoption of mechanical support accounting was completely paper based.

 With the advent of technology and the several other accounting programs, the face of accounting has altered radically.  Instead of manual record keeping companies now focus upon developing comprehensive AIS or accounting information systems. The use of accounting information systems has eased the performance of routine tasks. Accounting information systems (AIS) are computerized systems that use to maintain records for the company. It stores information associated to the monetary applications of an organization, including all essential accounts heads.

The purpose of the systems is to maintain data and make it easy to access for both inside employees and outside