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Core Concepts of Accounting Information Systems 12th Edition by Carolyn Strand Norman, Mark Simkin
Edition 12ISBN: 9781118022306Core Concepts of Accounting Information Systems 12th Edition by Carolyn Strand Norman, Mark Simkin
Edition 12ISBN: 9781118022306 Exercise 1
Advances in IT are likely to have a continuing impact on financial accounting. What are some changes you think will occur in the way financial information is gathered, processed, and communicated as a result of increasingly sophisticated IT?
Explanation
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One of the strongest impacts of improving technology on financial accounting will be the real time access to information. Whether it is sales or expenditure, information will reach out in a manner required by the end user.
With IT integrating databases seamlessly, information collected and analyzed objectively and made available allowing improved efficiency and effectiveness. This will make information a vital resource for strategic management accounting and planning.
With IT integrating databases seamlessly, information collected and analyzed objectively and made available allowing improved efficiency and effectiveness. This will make information a vital resource for strategic management accounting and planning.
Core Concepts of Accounting Information Systems 12th Edition by Carolyn Strand Norman, Mark Simkin
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