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The Effects Of Technology On The Accounting Profession

The accounting profession is changing rapidly. Noor Azizi Ismail, in his article: Information Technology & Accounting: Issues and Challenges, gives a brief history of Information Technology as it applies to accounting.
The term accounting system had been used before the introduction of the computer. In the early 1950s and 1960s, known as the ‘machine accounting’ era IT was mainly implemented to support the clerical aspects of accounting functions such as payroll, accounts receivable and accounts payable…However, as accountants were busy with the technical accounting issues such as the format of financial statements they started to hire technical assistants, known at that time as ‘machine accountants to operate the technology. (Ismail, 2003, p.2)
Times have definitely changed. Now accountants must be able to operate the technology on their own. One of the new technologies that accountants must master are tax software programs such as Turbo Tax. Using one of these......


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Approximate Word Count: 533
Approximate Pages: 3 (250 words per double-spaced page)

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