The Effects Of Technology On The Accounting Profession
Accounting is the way we identify, record and communicate financial transactions in an organization, and how that financial information is processed has essentially remained the same for hundreds of years. However, with the arrival of the computer, we have seen the structures and operations of many companies, and even entire industries, become transformed by new technologies with the modern information technology system. Information Technology and mercantilism have literally become entwined, and to stay competitive in today's market, it would be nearly impossible to have one without the other.
With all the promise that information technologies have given us, the accounting profession must embrace the changes that come along with new technology and learn to use it to our advantage, or risk being replaced by nonprofessionals. A case in point would be the inexpensive software packages such as QuickBooks, Peachtree, and MYOB. Because these programs are designed for easy use, they......
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