ACC 340 Week 1, The Effects of Technology

May 8th, 2015
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ACC 340 Week 1, The Effects of Technology

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The Effects of Technology on the Accounting ProfessionNameUniversity of PhoenixACC 340InstructorDate The Effects of Technology on the Accounting ProfessionIn todays business society, the accounting technology whether it be software or hardware is a vital part of just about every major business. Many people overlook the importance of the role of accounting technology in business and in the accounting profession. The fact is technology such as accounting information systems can make or break a business.Utilization of Information Technology in the Retail Businesses (Wal-Mart)To succeed in the rapidly evolving business environment we face today, businesses rely heavily on accounting technology to track information about their customers and inventory (Lazerus, 2010). Wal-Mart and other businesses around the world have also come to rely on accounting technology to help improve their operations to compete in tough markets. Software technologies such as Microsoft access databases enables Wal-Mart and other companies to search, retrieve, and order additional inventory faster and more efficient internally and externally. For instance, Wal-Mart can communicate changes and updates with a single entry in the database and it is instantly available to employees and managers with access to a computer. Accounting systems also helps employees to become more efficient without hassle of checking and recounting inventory. Accounting systems are also used in the hu

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