Technology And Accounting

The Affects of Technology on the Accounting Profession

Technology has greatly affected the accounting profession in the since that a task that normally would take eight clerks to perform can be accomplished by one accountant. Accountants have cried for many years to get new systems developed for their profession. It now seems that their cries have been heard. Technology has come in and changed the way accountants perform their job duties. Information Technology has now made it easier for accountants to generate reports and perform year-end closes. Accounta

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Computers also help with efficiency. Technology has made the process so sophisticated; it is just a matter of plugging numbers where they go and waiting for the results. With the establishment of these new technologies the task and man hours needed to perform a duty has been extraordinarily decreased.

In conclusion, Technology has greatly affected the accounting profession. Tax software has become so user friendly that even the average American can prepare their taxes without the help of a professional accountant. For example in my profession I work at a community college in the accounting department where accuracy is by far the most important skill to possess. Technology has been the major key in the accounting profession therefore eliminating the possibility of human error. Now, with the current technology tax software programs accountants can perform an individual's tax return in a matter of minutes. By simply, clicking on a few buttons, answering a few questions, providing the individual has the correct information and can easily prepare their own returns. Regardless of how hard a person try to be error free, it is nearly impossible, to compete with the accuracy of information processing systems. An example would be tax preparation. Without the help of computers and its software