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Accounting Software: Boon or Bane

In:

Submitted By angel03
Words 2256
Pages 10
De La Salle Lipa
College of Business Economics, Accountancy, and Management

Accounting Software: Boon or Bane

A Term Paper
Presented to
Dr. Josephine Magbojos
CEAS, English Department

In partial Fulfillment of the Requirements for Comski2
2014

by
Briones, Kristine Norien
Resma, Maria Angelica F.

Abstract The development of technology brought many changes in the accounting world and the development of accounting software is one of its biggest contributions. Accounting softwares are beneficial for a business and a company for it to produce a financial report faster and easier. The use of different programs for the calculations and reporting made its way to no more manual accounting which is more complicated to do. To maximize the benefits of its uses the advantages and disadvantages of these softwares must be identify before using it. Hence, with proper knowledge of its positive and negative effect, a business or an auditing firm will be able to properly utilize its functions that will then produce financial reports which are essential to the company’s economic decision making.

Technology has been an integral part of everyone’s daily lives. Different machineries, gadgets, softwares, and equipment have changed the ways of living of the Filipinos. These things ease the job of a worker, helps a student do home works and research faster, and a mother do household chores. Many developed softwares that are useful for the management of the organization. Like softwares that can improve the production of a product, softwares that help for easy communication within the company, and softwares used to simplify the preparation of the financial system and reports of an organization which then prefer as the accounting softwares. These accounting softwares are really beneficial for a business and accounting firms. On the other hand, these softwares used by

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