This website uses cookies to ensure you have the best experience. Learn more

The Effects Of Technology On The Accounting Field

1249 words - 5 pages

Technology in the accounting field has come very far, from the abacus to modern day accounting software. E-Business, work being done through networks, is taking the accounting field to a more future computerized world, leaving the pen and paper behind. With all the new technologies, the profession of accounting is growing and expanding and proving that information and skills provided by accountants using modern technologies can spill over and help other parts of a business. Even with all the down falls that accounts have taken, from the stock market crash of 1929, and the fall of companies such and Enron, World Com, and Tyco. New technologies have brought new legislature and new forensic accounting titles, helping to keep the accounting and business world spinning.
An abacus is the ancient form of accounting technology. It used different color beads, ten on each slide that were moved up and down to represent numbers, this is how an account did his job in the ancient days. Than as time moved forward people started using ledgers with pencil and paper and the human brain to calculate the numbers. Than time moved forward more and more, things like the calculator, adding machine and pre-printed ledger books come to be, making the accountant’s job less tedious and easier. Even though these items are not the technology that we are quite looking at, they are still were considered the latest accounting technology of its time.
Technology in the accounting field really took off toward the end of the twentieth century. Computers where becoming more and more used in business and things like the Microsoft office suites were making pen and paper a thing of the past. The software product that really hit the accounting department the hardest was Microsoft Excel. Excel gave accountants a computerized spread sheet instead of ledger books. Things like adding, subtracting, auto sum could just be done on the computer software leaving no need for adding machines or calculators. Items such as charts for predicting data, adjusted/unadjusted statements, balance sheets, income statements, cash flows statements, statements that would have taken days or weeks to hand write and prepare for finical executives could now take hours to days. This was a huge gain in the accounting department, the job became less tedious, less pencil and paper pushing, and there was less room for error. Now businesses could count more on the predictions and numbers handed over by the accounting department to be more accurate, organized and received in a timelier manner. The days of salving away at a desk with endless numbers, or peoples taxes was over.
The use of E-Business, intranet, extranet, and cloud computing technologies in the accounting field., E-Business is being used for items such as statements and other major business needs using digital networks such as the intranet and extranet. Using the intranet and extranet will be of great gain for current and future employees. The...

Find Another Essay On The Effects of Technology on the Accounting Field

“The Effects of Technology on Teens”

1229 words - 5 pages the bad effects of technology brought upon students such as a bad work habit, lack of focus, or to rely on the technology fully. There are also many good benefits that come with technology, such as furthering their studies, understanding, and even an easy way to communicate to get help. Technology can very easily become an addictive substance (Page). Students might use it as an escape from their problems when really the technology is only

The Effects of Technology on Education

801 words - 4 pages numerous effects on education. The first effect technology has had on education is the ability for students to learn outside the classroom. By means of technology, a student no longer has to rely on the presence of his or her teacher for learning. Students have the ability to use apps for learning. Whenever a person needs to know something, he or she will often turn to an app for assistance. Popular learning apps include apps that teach

effects of technology on the society

819 words - 4 pages The continuous technological advancements in the world have had both positive and negative impacts on society. The advancement rates of improvements through numerous innovations in technological ideologies increases each day. Although technological innovations have resulted in easier methods of undertaking different duties, the different methodologies that have been adapted have generally led to both the positive and negative effects on the

The Side Effects of Technology on Children

1585 words - 7 pages George. To sum it up, Ray Bradbury conveys the theme that excessive technology corrupts children in his short story “The Veldt” through the usage of setting, characterization, and foreshadowing. Ray Bradbury believed that technology has negative effects on children, as it robs them of their innocence. As if stealing innocence from kids does not cause enough damage to begin with, it also harms the children’s family and the relationships that exist

The Effects of Technology on Teenager's Communication

1876 words - 8 pages The Effects of Technology on Communication in Teenagers Discussion of the use of mobile phone and its impact on teenagers’ ability to communicate is no longer a new topic and is widespread among communication and sociology scholars. There are ongoing debates arguing whether does technology make for better communication or the other way round. It is undeniable to say that technology is a massive aid to communication but it is also impossible to

The Effects of Technology on Society

1733 words - 7 pages Today we swim in a sea of ever-changing technology that affects us as much as our thoughts and actions shape it. The technology we have chosen, either by the preferences of those who use it, or the agendas of those who own and benefit from it, has had its own influence on us from gross examples such as increased pollution, or a higher Western-style standard of living, to the way one person perceives another. Some people who resist

The Effects of Technology on School Performance

713 words - 3 pages do it in moderation, and understand your other responsibilities. A reason people say technology can have a higher positive effect on students more than ever is that more and more educational resources are becoming available for students and teachers. Instead of having technology available for school work, and then for entertainment, you could have both. A good example of this is the “EDU” series of games that have come out in the last two years

The Effects of Technology

705 words - 3 pages Internet has changed the way we work as a whole. The Internet is truly one of the greatest forms of modern technology that has had one of the largest effects on this country.ReferencesThe webulous co. (n.d.). Internet benefits. Retrieved December 24, 2008, from guide to the Internet. (November, 1997). Archive information benefits ofgetting on the information super highways. December 24, 2008, from

A brief field study of the Vancouver(Canada) Landfill and its effects on the environment

661 words - 3 pages IntroductionThe amount of damage done to the environment by the Vancouver Landfill is a lot lower than it was ten years ago. An emphasis has been put on reducing the harming effects on the environment that the landfill produces. Leachate and landfill gases are taken care of properly as approximately 475,000 tonnes of municipal solid waste are put in the landfill every year. The Vancouver Landfill is 635 hectares; 235 hectares take up the

Universal Set of Principles in the Field of Accounting

1489 words - 6 pages his studies during 1931, “If we are going to be able to look ahead with assurance, we must be able to look back with accuracy”. Following this saying, the essay aims to critically evaluate DR Scott’s claim that “Disputes about the appropriateness of accounting techniques should not be resolved by appeal to practice or tradition”. For our case, I will shed light on the field of accounting and why is it imperative to have a disciplinary body and a

The Effects of the Technology Bubble on Modern Children

1233 words - 5 pages Nowadays, people are becoming more reliant on technology through pictures along with social media to communicate, and this luxury has spoiled as well as desensitized their lives and minds, all the while diminishing the social skills of this generation’s youth and adults. Technology is advancing at an astounding rate, through which we have seen more advancements in the past decade than our parents have seen in their life time. There are numerous

Similar Essays

The Effects Of Technology On The Accounting Profession

720 words - 3 pages The Effects of Technology on the Accounting Profession In today’s business society, the accounting technology whether it be software or hardware is a vital part of just about every major business. Many people overlook the importance of the role of accounting technology in business and in the accounting profession. The fact is technology such as accounting information systems can make or break a business. Utilization of Information Technology

Studying Accounting And Branches Of The Field

670 words - 3 pages according to the place where you work but you also learn law in accounting field. Management Accounting Management accounting is totally different from financial accounting in F.A you know how to maintain books and how to prepare accounts though the basics remain the same but in management accounting you mostly concentrate on cost of the product, which your company will be selling so in management accounting studies you normally concentrate on one

Effects Of Technology On The World

992 words - 4 pages Shaping the worldIn today's society technology has become more and more necessary to accomplish certain tasks. These tasks can range from typing on essay to creating a network for a large firm. In the Informational Systems field technology especially informational technology has become the main focus of that field. Without IT, IS would not even be a field since IS revolves around using IT in the business world. Another field that has been

The Effects Of Technology On Students

869 words - 3 pages The Effects of Technology on Students Change is constant. Though one may not be able to see the change, one can look back through the course of a year or maybe even a few months and see the change. Technology has transformed with our culture. There are many benefits for students with the new advancements of technology. Teachers have seen many of these benefits with the influence of technology on their students. Many students find