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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Discuss how emerging technologies, such as the Internet, affect the GL/BR process. In what ways will organizations have to adapt their business processes to reflect the changes in these external factors?

Summary Introduction

To explain: The way emerging technologies like the internet affects the GL/BR process.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Explanation

The way emerging technologies like the internet affects the GL/BR process:

The presence of emerging technologies has forced the organizations to make their financial information available on the web. In the GL/BR process, the officer who handles the financial process sends the GAAP based reports to owners, banks, potential lenders, and other interested parties.

The role has expanded into displaying this information into websites due to the growth in technology...

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