Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: how are information systems are changing various aspects of the accounting profession?
A: New technology in information systems have bought significant changes in accounting profession, practices and processes. [ It has increased the efficiency and accuracy in accounting and has speed up the process for manual accounting tasks, but also improved security of accounting data and increased transparency. Large organizations and multinationals are changing over to this new information
systems and technologies to carry out their accounting tasks on global basis. This information system has led to standardization not only among the different divisions, locations and offices of a single organization, but also on a global basis. Microsoft, Oracle for accounting has greatly reduced the time taken to prepare the financial statements and benefited auditors and accountants to complete and submit their statements in timely manner. MIS reporting has been made possible by Information systems only to take timely decisions. A new payroll management system from companies like Paychex has greatly improved payroll accounting and is a plus for accountants handling large payrolls. The new system allows accountants to collaborate and merge their work with accountants of the same company located at different location. The new Sarbanes Oxley Act has been the result of increased availability of quality information systems, without which, it is impossible for the companies to remain in compliance of these legislation. ]
Expert answered|emdjay23|Points 1927|
Question
Asked 7/21/2013 3:13:46 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,800,933 questions answered
Popular Conversations
What does throttle mean?
4/16/2018 10:25:30 AM| 3 Answers
What is the best way to control Type II diabetes?
Weegy: Type 1 diabetes (previously known as insulin-dependent diabetes) and Type 2 diabetes (previously known as ...
4/10/2018 6:12:01 AM| 2 Answers
Error 401- Unauthorized
4/13/2018 4:59:54 AM| 2 Answers
What's one way we can check our answer to 2 ×10 = 20? A. 2 ÷ ...
Weegy: A throttle body is part of the air intake system that helps control the amount of air that gets into the engine. ...
4/13/2018 7:46:31 AM| 2 Answers
The science of the creation of maps and charts is called ...
Weegy: The science of the creation of maps and charts is called cartography. User: Which of the following would ...
4/13/2018 8:36:16 AM| 2 Answers
Weegy Stuff
S
R
L
R
Points 150 [Total 288] Ratings 0 Comments 20 Invitations 13 Offline
S
P
L
P
P
P
P
Points 144 [Total 570] Ratings 0 Comments 144 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
Points 132 [Total 12935] Ratings 0 Comments 122 Invitations 1 Offline
S
Points 50 [Total 50] Ratings 0 Comments 0 Invitations 5 Offline
S
P
L
Points 35 [Total 126] Ratings 0 Comments 35 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 10 [Total 15] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 6 [Total 6] Ratings 0 Comments 6 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.