Accounting Research Paper Example | Topics and Well Written Essays - 750 words - 1

Accounting - Research Paper warningComputer systems have translated all the hand-written statements into systems that can present financial reports from man-to-man transactions. Popular accounting systems ar now also available in tailor made form for various companies and industries. This permits organizations to build individual reports easily and quickly manage decision-making.Another change effected by IT on accounting has been the value of functionality in accounting departments via increasing accounting information timeliness (Gelinas et al 58). Through improvement of financial information timeliness, accountants are able to prepare for operation and report analysis that can give the forethought an accurate vision of the current operations. It has also improved the number of financial statements, for example, market share reports, departmental profit and loss, and cash flow statements. Finally, it has allowed accountants to process large financial information data and fas ter treat of this data (Gelinas et al 58). This has lessened the amount of time required to close each accounting period. trim the time helps the organizations in cost control, which, in turn, increases the overall efficiency of the company.Cloud computing and mobile devices are going to be the most important components of Information applied science in the coming decade (Office of Technology Assessment 270). Mobile devices such as ultra-books, tablets, and cell phones, as well as cloud computing, go away aid in the further integration of technology into all aspects of accounting on a rhythmic basis. This is referred to as pervasive computing (Office of Technology Assessment 270). With this pervasive computing, accountants will utilize mobile devices in order to access applications that are cloud based, data and communications. The connectivity will aid accountants to work more expeditiously and exchange information more