May 15th, 2015
Studypool Tutor
Price: $5 USD

Tutor description


Word Count: 866
Showing Page: 1/5
The Effects of Technology on the Accounting Profession The Effects of Technology on the Accounting ProfessionThe technologies in accounting systems have influenced how organizations conduct accounting operations. Real-time billing and processes permit organizations to have live accounting systems which process transactions based on the operations and transactions which are gathered to update the financial/management accounting system. The process of completing transactions influences the companys profit, and loss accounts are identified throughout the process; meaning there is no need to wait until the end of the month in order to evaluate the performance of the business. Real-time reporting is ITs influence on financial accountings punctuality. Financial statements are processed in intervals so most large companies publish quarterlies with comprehensive report produced annually. The success of a business can be measured by monitoring transactions, and evaluating corrective or preventative actions of continued transaction updating. Data or values, once implemented, can immediately evaluate to compile projections and reports that are regularly a form of secondary operations. Secondary operations are inexistent without functional AIS; some of the generated reports may be useful in detecting or anticipating potential problem areas including fraud or financial failure. Automatic financial audit trails are entirely possible, as they can become automatic,

Review from student

Studypool Student
" excellent work as always thanks for the help "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors