How has technology affected the accounting field over the pa

How has technology affected the accounting field over the past 5 years?

Provide an example of how mobile digital devices have impacted business process in the accounting field and how they have impacted your own day to day activities.

200 words for each part

Solution

Solution :

During the last 5 years , the use of information technology to support accounting activities has increased dramatically and in particular IT application such as \" Enterprise resource planning systems (ERPS)\" has a considerable impact on \" Accounting information systems (AIS) \"

An ERPS comprises a set of integrated software application modules that aim to control all information flows within a company . Standard ERPS accounting modules incorporate many menus including book keeping , product profitability analysis and budgeting . All the modules are fully integrated in a common database and users can access realtime information on all aspects of the accounting .

As \"Accounting information systems\" make accounting information timelier , internal auditors help managers to base their decisions on actual data , rather than personal observation . Accountants summarize transactions in standard formats of financial records and organize data in special formats employed in financial analysis . The accounting packages greatly reduce the tedious work associated with data management and record keeping .

AIS enables accountants who have extensive skills in \" Accounting information systems\" to specialize in correcting problems in accounting software or in developing accounting software to meet unique data management and analytical needs . Thus accountants are beginning to perform more technical duties , such as implementing , controlling , and auditing computer systems and networks which is making the job of an accountant more interesting and challenging , and also providing new job opportunities for accountants .

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Computers and the internet enable accountants and auditors to be more mobile with the help of mobile devices such as smart phones or iPad\'s . Auditors and accountants can access client\'s computer systems from their mobile devices to extract information from databases and internet and suggest suitable action to managers so that a decision can be made in time . Mobile devices help reduce the time required to arrive at a decision as the information can be accessed from anyhwhere and anytime and suitable actions can be conveyed immediately to the concerned decison maker . Tax and accounting firms now have access to an expanding number of mobile devices and applications that can help them conduct daily business from outside the office.