The Effects of Technology on the Accounting Profession

Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.

As the first accounting employee at a start-up technology company, success presented itself as an endless opportunity and involved an array of subject matter. Tasks ranged from establishing an accounting system, implementing processes and hiring staff, to developing reports, performing operational analysis and preparing budgets/forecasts. After six years of dedicated effort, there is now a functioning Finance department

SMW’s current accounting information system is a cutting edge relational database system through Microsoft Access with internal controls set to adequately prevent and detect errors and fraud. This relational database system tracks sales orders, shipments, accounts receivable, cash receipts, purchases, accounts payable, cash disbursements, inventory levels and other relevant accounting information. The system’s output is compliant with Generally Accepted Accounting Principles (GAAP). The database processes currently in use at SMW are described below.

What makes a large organization like Wal-Mart financially successful? One could say it is the result of outstanding personnel or perhaps a strong determination to succeed. These factors certainly contribute. However the key to financial success in organizations lies in good accounting. Since early civilization began, accounting has been an important part of our financial transactions. In today’s world our use of modern accounting systems and accurate financial statements are critical components that make modern organizations successful. To facilitate understanding of this point one must understand how

I suspect that most of us can view and appreciate most sports such as baseball, football, and basketball. What if you were to view a Cricket World Cup game? If you didn’t know the rules you probably would not have much fun. The same happens in business if you don’t understand its language – Accounting. What rules impact a business’ Accounting Information System? What types of compliance is required?

In businesses today, it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore, before any system is updated or changed, the accounting system must be considered and analyzed for compatibility and integration. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a

Bagranoff, N. A., Simkin, M. G., & Strand, N. C. (2008). Core Concepts of accounting information systems (10th Ed.). New York, NY:

For as long as businesses have existed, so has accounting. With time, it has become more complicated and detailed, but it is still a process of keeping financial accounts in order. Through accounting, or financial reporting, a system is set up to keep track of, maintain and audit the financial proceedings. Because accounting and financial reporting of a business is so important for its accuracy and in general, a lot of ethical, technological and legal concerns are involved. In this paper, we will look identify and explore the concerns of each of these.

In today's time the accounting and book keeping ranges from the old way of paper and pen to extremely large accounting data base systems for the major companies and organizations around the world; although either system could be used but

An accounting system affords companies the luxury to be able to use their financial information whenever they need it, by it being store at a convenient location. There are three divisions within the accounting method; analysis, design, and implementation must be complemented with a system of control. This control is another system within a system that is design to ensure success of the accounting systems. Internal controls keeps business safe, preventing someone from committing fraud or abusing the system; this way the information that is store in the system is kept accurate and reliable. Part of internal controls is who are responsible; physical, mechanical, and electronic controls; there must also be segregation of duties, and independent internal confirmation.

Let’s begin by reviewing the job outlook regarding occupations in accounting, bookkeeping, and auditing. According to the Occupational Outlook Handbook (OOH), over the next eight years there will be a continued eight percent decline in employment. A reduced demand in positions available will be mainly due to technological advances in computer software that is gradually eliminating positions. Software advances have made many of the jobs in this field automated. The “OOH” handbook tells us that “The widespread use of computers also has enabled bookkeeping, accounting, and auditing clerks to take on additional responsibilities, such as payroll, billing, purchasing (buying), and keeping track of overdue bills. Many of these functions require clerks to communicate with clients.” On the bright side, there is still a demand for

Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual

ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for this case study is to have groups of students apply the many topics and concepts learned in the first AIS course to a hypothetical real-world company situation, with particular emphasis on developing a proposed new and improved system for the

Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper

Accountants must have a good deal of experience working with computers. They develop computer applications to assist the analysis and presentation of their findings. Due to the e-commerce explosion, a majority of financial records are now web-related.