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
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
16,960,576 questions answered
Popular Conversations
Given: 9x > -36. Choose the solution set. {x | x 4} {x | x ...
Weegy: Hi.welcome to weegy.Kindly state the choices of your question.Thanks for using weegy. [smile] User: Given: 9x ...
7/29/2014 10:24:41 AM| 5 Answers
Fill in the blank with the appropriate number. 2/5* ____ = 1
Weegy: A blank is a type of cartridge for a firearm that contains gunpowder but no bullet or shot. When fired, the ...
7/29/2014 5:56:58 PM| 4 Answers
features of a simple network and the network infrastructure for alarg ...
Weegy: The simple network consists of two or more connected computers and the basic network components include ...
7/29/2014 5:02:00 AM| 3 Answers
A line has a slope of 1/2 and a run = 50. What is the rise?
Weegy: Slope = rise/ run Rise = slope x run = 1/2x50 = 25 User: Find the next term of the given sequence. 1.31, 2.54, ...
7/29/2014 8:35:14 AM| 3 Answers
One person can do a certain job in twenty-one minutes, and another ...
Weegy: 12 min User: Which of the following equations has only one solution? x 2 = 9 x(x - 1) = 9 x 2 - 6x + 9 = ...
7/29/2014 11:13:10 AM| 3 Answers
A boat that travels 23 miles per hour in still water is traveling ...
Weegy: 75 miles User: Solve the following system of equations by the substitution method. 5x = y + 6 2x - 3y = ...
7/29/2014 1:55:03 PM| 3 Answers
Which of the following points is in the solution set of y User: Find ...
Weegy: The center of the circle is (2,6). User: Which of the following sets could be the sides of a right ...
7/29/2014 8:47:02 AM| 2 Answers
The sum of 1/6, 2/3, and 1/4 is
7/29/2014 10:01:22 AM| 2 Answers
What makes the EPA one of the weakest agencies? a. funded mandates c. ...
Weegy: a. funded mandates User: When Congress establishes a cost for crops, it is called a(n) a. price ...
7/29/2014 2:22:51 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
Points 2388 [Total 21388]| Ratings 1| Comments 2378| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 2234 [Total 17363]| Ratings 0| Comments 2234| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 2129 [Total 14684]| Ratings 1| Comments 2119| Invitations 0|Offline
S
L
1
Points 1655 [Total 3838]| Ratings 2| Comments 1635| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1411 [Total 7588]| Ratings 2| Comments 1391| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 987 [Total 10595]| Ratings 0| Comments 987| Invitations 0|Offline
S
1
L
Points 853 [Total 4529]| Ratings 2| Comments 833| Invitations 0|Offline
S
P
C
L
P
L
1
Points 802 [Total 5856]| Ratings 4| Comments 762| Invitations 0|Offline
S
Points 165 [Total 169]| Ratings 0| Comments 155| Invitations 1|Offline
S
R
R
Points 160 [Total 348]| Ratings 1| Comments 140| Invitations 1|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.