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Accounting Essay

884 words - 4 pages

1Running head: EVOLUTION OF ACCOUNTING INFORMATION SYSTEMSEvolution of Accounting Information SystemsACC340 - Professor WilliamsUniversity of PhoenixJessica L. RigassioEvery accountant knows that accounting is the language of business in today's society. Although that language has gone through many changes throughout the ages, accounting technology has always played a part in making the accountant's job just a little bit easier. Technology advancements have enhanced the accountant's ability to interpret data efficiently and effectively (Pepe, 2011). Whoever the accountant may be, now has the ability to interpret the language of business with such ease that the accountant has become a corporation's most trusted business advisor. As our knowledge of technology continues to increase, so does the accountant's ability to analyze statistical values.As the twentieth century came to a close, the accounting profession began to take on a whole new look. Computers and accounting software has altered the industry entirely. Microsoft excel, an electronic spreadsheet, eliminated the need for adding machines, calculators, ledgers and pencils. Excel made an accountant's job less tedious with less of a margin for error. With use of the computer an accountant can now perform statistical accounting or forecasting analysis with greater efficiency. Accounting technology has eliminated the number cruncher sitting behind a desk working on people's taxes and has allowed the accountant to find new challenges with much more to offer then decades ago when they relied on an abacus for a calculating tool (Kruglinski, 2009).E-Business, the Intranet and the Extranet have become essential in the accounting world as well. Today's accounting professionals who understand the importance of the Internet will use the Internet for e-business (Pepe, 2011). Accountants typically use the Internet to execute major business processes in the enterprise. E-Business allows the accounting firm to coordinate activities for internal management and combines the clients' relationships with the use of digital networks. As for the Intranet, it can distribute information to employees such as corporate policies, and programs. Companies create a portal within their company, which is a single point of access. Information can come from numerous different systems using a Web interface. This is an excellent way for employees to communicate within an organization. Linking electronically increases efficiency and cuts down on travel costs ultimately reducing operational costs.With the click of a mouse, information became accessible to an accountant. Ultimately, changing the nature of an accountant's work. Doors began swinging wide open with the use of information technology leading to diversification in the field of accounting. Businesses commenced the search for professional accountants and their technological advice. Accountants became more knowledgeable about which financial systems operated best. An...

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