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Write a 700- to 1,050-word paper describing how information systems are changing various aspects of the accounting profession. Include a description of several new technologies and their effects on accounting processes.
Discuss how these technologies have changed the way accounting is performed in your organization or in an organization of your choice.
The Effects Of Technology On The Accounting Profession
Length: 2 pages (616 Words)
The Effects of Technology on the Accounting Profession
In the past, almost all the transactions in an organization were documented manually on paper. This led to too much paperwork making accounting work cumbersome. However, with the introduction of new technologies in accounting and other organizational management sectors, accountants no longer deal with too much paperwork in their work. Technology has come a long way to change the accounting profession. Software and accounting databases have been developed which have helped to shape the accounting industry. Despite some drawbacks related to the information systems implemented, there are many positive impacts that technology has had on the accounting profession.