Question and answer
how are information systems are changing various aspects of the accounting profession?
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.
17,107,436 questions answered
Popular Conversations
What color is rain?
Weegy: The rain does not have a color it is water. If you notice water sometimes has a blue tint because it is a ...
8/22/2014 9:13:22 AM| 3 Answers
Define scientific law
Weegy: A scientific law is a statement based on repeated experimental observations that describes some aspect of the ...
8/21/2014 9:05:32 AM| 2 Answers
Which of the following projections would be best for a map of the ...
Weegy: Please indicate the choices.
8/21/2014 12:39:54 PM| 2 Answers
how do i get points
8/21/2014 1:19:30 PM| 2 Answers
The problem with letting all employees use graphics manipulation ...
Weegy: ALL OF THE ABOVE. The problem with letting all employees use graphics manipulation software is that it is : ...
8/21/2014 1:48:12 PM| 2 Answers
What is the sum of 2/5 and 2/4?
8/21/2014 3:26:40 PM| 2 Answers
15÷6 2/3=?
Weegy: Set it up as a proportion: 6/15=2/x Cross multiply: 2*15=6*x 30=6x Solve for x: x=5 So, 6/15=2/5 ...
8/21/2014 3:22:52 PM| 2 Answers
A republic is a form of government in which the people
Weegy: According to Wikipedia, a republic is a form of government. User: A direct democracy is also known as a
8/21/2014 4:39:27 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 1859 [Total 23459]| Ratings 2| Comments 1839| Invitations 0|Offline
S
L
1
L
Points 1465 [Total 5441]| Ratings 5| Comments 1415| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 1405 [Total 15019]| Ratings 7| Comments 1335| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1309 [Total 9016]| Ratings 2| Comments 1289| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1128 [Total 16155]| Ratings 2| Comments 1108| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 840 [Total 18411]| Ratings 0| Comments 840| Invitations 0|Offline
S
1
L
L
Points 458 [Total 5022]| Ratings 0| Comments 458| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 407 [Total 11068]| Ratings 1| Comments 397| Invitations 0|Offline
S
Points 302 [Total 302]| Ratings 1| Comments 272| Invitations 2|Offline
S
Points 217 [Total 228]| Ratings 3| Comments 157| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.