Premium Essay

Effects of Technology

In:

Submitted By yitzgordon8
Words 702
Pages 3
“The Effects of Technology on the Accounting Profession”

Information technology and accounting information systems is significantly responsible for the positive changes in the accounting profession today. Due to these modifications, firm growth and productivity has increased dramatically, especially in the past year. The progress of hardware, applications, infrastructures, and combined accounting workflows show the accounting trends for the future. By firms noting the way the technology has thus far impacted the profession, the firms can thereby assess the potential increased productivity, profitability and nature of services that can be offered to their clients. The capability to have access to telecommute by means of a server, in the comfort of one’s home or the ability to access the internet, either in the office or at home, unrestricted Internet ability with all the tools necessary. So when auditors avail themselves of audit binders for local disk drives, the client and firm have the security and backup necessary to work from afar. The solution to conduct all possible work through the Internet, with backup on the firm's protected servers, where the data runs more effectively and can be accessed by anyone who is authorized to do so, has created a transition that is truly advantageous. Cloud Solutions, or doing work in the cloud, means that your accounting software is available anywhere where there is an internet connection. Your online system can also be linked to bank feeds for up-to-date and accurate syncing with your accounts, which makes for super easy reconciling. The data itself is backed-up off-site, so safer than storing on your own computer system. There are many advantages of an online business accounting solution, including real time, minimizing data entry and handling. Furthermore, cloud solutions enable the ability to track finances, the

Similar Documents

Premium Essay

The Effect of Technology

...Technology’s effect on education Justin W. Campbell University of Maryland University College The effects of technology are evident in just about every area of our lives. Technology impacts the way we do our finances and how we receive our entertainment; however, one of the most impacted areas is that of education. Within education the effects of technology are seen in both positive and negative ways. On the positive side, technology has provided new and innovative tools that enhance the learning experience. On the negative side, technology has added a level of distraction and has opened up a new horizon in the realm of academic dishonesty. The impact of technology on education is a double edged sword that can benefit academia while also hurting academia in the same swing. Before the influx of technological advances, a student’s access to empirical research was limited to brick and mortar repositories of information, the library. When faced with a research project students needed to appropriately allocate their time resources in order to physically visit a traditional library, scour catalogues of reference data, transcribe their notes (in handwriting) and then return home to write their paper; all the while, hoping that they have all the information needed. Additionally students were at the mercy of their local library to have the timeliest resources available as many smaller libraries would be horribly outdated (McCoy, 2014). Now in the age of technology, students...

Words: 998 - Pages: 4

Free Essay

The Effects of Technology

...Brenna Dunn September 13, 2012 Dr. Beatty Eng 210 In today’s world, society is an ever changing process. Technology is present in our everyday lives. As time continues to pass, technology becomes more and more involved in our lives. Although computers are an extreme use in the everyday lives of 21st Century humans, what are computers without the internet? Whether it is social media, online banking, or research, the internet is the main use of computers. The main problem with the internet is that it is taking the place of professional jobs that at one time were very important to people. Such jobs include photography, mailmen, bank tellers, and journalists. Shirky goes into explicit detail about the pros and cons on internet use in the daily lives of humans. Shirky had an Uncle Howard from Richmond Missouri who was very passionate about his job as a newspaperman. Howard was not very fond of change within his job and was not happy when the USA today came out. He felt his job was being taken over by people who did not appreciate and understand journalism. Shirky’s main point in his spiel is that those who use the internet are taking away the jobs of the professionals. Bloggers are especially guilty of taking away the jobs of professionals. Now-a-days anyone can go on to the internet and post on blogs and sites about their reactions or views on things. It does not take someone special to be a journalist. In fact there is no way to determine who is a journalist due to the major...

Words: 972 - Pages: 4

Premium Essay

Effects of Technology

...Effects of Technology Essay Week 5 The technological change that has had the largest effect on the life in this country is the internet. The internet has afforded this country many opportunities these opportunities have been positive and negative. The positive effects of this technological change are that it affords the individuals of this country the ability to save time and participate in things that would not necessarily be able to accomplish if you did not have the ability to access the internet. The internet saves us time by allowing us to buy gifts if you are in a hurry and do not have the ability to go into a store to purchase a gift. The internet allows you to pay your bills online, if forgotten allows you to get the payment in a little more quickly then by traditional postage. The internet even allows you to check your bank account balance online and transfer funds between accounts as needed. The internet allows you to save time, by purchasing gifts, paying bills or checking your account balances on line it allows you to save time in your life and reduce stress. In addition to the internet saving you time it also affords you the ability to participate in and accomplish things that you would not necessarily be able to, such as the ability to achieve your Bachelor’s Degree at the University of Phoenix online. I, as a retail store manager, do not have the time to attend a traditional four year University. The internet allows me to accomplish goals that I would...

Words: 397 - Pages: 2

Premium Essay

Effects of Technology

...Scope and delimitation This research study emphasis to the possible effect s of technology to the studying habits . as well as the performace of the selected students of Bagong Barrio National High School we conducted a survey through an interview to some students ramdomly selected who often use some technology such as IPOD,LOPTOP,CELLPHONE and COMPUTER this is to verify their stand point regarding the effect cause by technology to their performance in school and to obtain data that can be in this study. This study is no longer altercate the new innovation.Although this can be a source of information which can be adapted to profound and maximize the use of some technology. Study is focused on how technology effect the students of Bagong Bagong Barrio National High School compliance to the requirements of their study description and relevant action to determine how efficiently to use some technology ,the effect that the reseasrchers are either dreadful or valuable. CHAPTER II Definition of terms Technology is the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, and methods of organization, in order to solve a problem, improve a pre-existing solution to a problem, achieve a goal, handle an applied input/output relation or perform a specific function. It can also refer to the collection of such tools, including machinery, modifications, arrangements and procedures Study Habits is a schedule in...

Words: 450 - Pages: 2

Free Essay

Technology Effect

...Abstract This document will present a technology that has changed the way society sees the movie and TV industry. This paper will present details of how this technology impacted its industry, how it is used, how people, and competitors reacted. Examples will be provided of similar scenarios and what new opportunities this technology has presented to its market, plus how the government and legislation reacted toward this new technology advancement. Technology Effects Technology is a powerful tool that over the years it has evolved continuously providing the human with new options to be more precise in every aspect. Technology not only provides us with new emerging advancements, but they also can make a whole industry change with one revolutionary creation. An excellent example that can be provided of how technology can change an industry very fast is the online movie streaming sites and the self serve renting movie machines. These two different technology creations has come to make an impressive change on how the movie and TV industry currently operates compared to a few years ago. Many years ago the movie and TV industry was strictly dedicated to watching TV shows in the big old box we call a Television, and we could only watched movies at a movie theater or in the television. People would visit different store locations to rent their movies and watch them at home but things have changed drastically since then. These new technology advancements have changed how everything...

Words: 1854 - Pages: 8

Premium Essay

The Effects of Technology

...changed because of technology. In what ways has technology affected the types of relationships people make? Has this become a positive or negative development? The invention and advancement of technology have had a massive impact on the way people interact or communicate. These impacts have in these days changed the way people interact by reducing the use of traditional interacting methods, to the ever increasing use of technology. Lots of people are making their circle of friends online with strangers. However, there are both Pros and Cons of this development, and this is what I am going to explore. Firstly, mobile phones have become very common and used by both individuals and corporate bodies to speak with people all over the world. Secondly, a computer with an internet connection is also used to communicate with people all over the world using emails and video calls. Last but not least, the emergence of social networks is another platform used for interaction. It is used to reach a targeted audience at one time. The development of communication technology has certainly impacted positively on many relationships. For Instance, it has helped the corporate world to interact with their colleagues, business partners, and so on use telephone calls and video conferencing to transact businesses all over the world without meeting physically. Emails are also used instead of using telegraphs and telegrams. Many family members scattered across the world use technology to communicate...

Words: 486 - Pages: 2

Premium Essay

Effects of Technology

...Exploratory essay November 12, 2015 Is technology a danger or a solution to our society and our health The development of technology is usually considered good based on the fact that its main purpose is to make people’s lives easier. Nowadays, instead of people using the technology to help them organize their lives, it seems that it’s going the other way around. People became too dependent on technology and are, in a way, ruled by it. Most of the information we receive is through mobile devices or television. Too much time is spent looking at the phone or TV screen, making it dangerous to persons both physical and mental health. On the other hand, technology has helped a lot in many fields such as: medicine, communication, education, and transport, making the life we know today much safer, faster, and easier. The views on technology development are greatly divided. Some of the most popular views are: by people who consider that life without technology would be pointless, unorganized, and chaotic; by people who find using too much technology to be hazardous and believe that it’s making people unhealthier, dumber, and lazier; and by people who think that technology should became better, but only used to assist people and should not become a big part of everyday life. There are many reasons why technology is good and should be used daily. Some people can’t even imagine their day without the use of modern day technology. Computers, mobile phones, tablets, and other devices...

Words: 1014 - Pages: 5

Premium Essay

Effects on Technology

...Effects of Technology Essay Technology is always a tool that saves time and facilitates our lives in one way or another. “Technology” was born thousands of years ago were cavemen invented ways to hunt or fish. Now we are in the 21st century where black berry are a big impact in our daily lives. “The Blackberry is a Canadian invention by a professor at Waterloo in Ontario in 1999, the device is now sold worldwide” Most adults consider themselves addicted to the speed of information that is transmitted through these handheld devices. The Blackberry is a PDA (Personal Digital Assistant) that has many features. These features include: internet connectivity, email, text messaging, navigation, photo storage, alarm clock, calendars, electronic file storage, video viewing and we are now getting into have the cell phone screen as a keyboard and your fingertip as a cursor. Some examples by owning a Blackberry are: Using the alarm icon in the phone; there is no need to buy an alarm clock. Simply use the one that is already built in. There is also no need for daily planners, the built in Calendar let’s you input birthdays, deadlines, tasks and works as a friendly pop up reminder until the task is completed. The camera also comes in handy, taking a picture of your vacation in Hawaii and sending photos to your friends and family in California in a matter of seconds is a great feature. Built in Navigation helps you check traffic before you go on the freeway and helps you get to...

Words: 286 - Pages: 2

Premium Essay

Effects of Technology

...Effects of Technology Technology has revolutionized the world, with many new innovations and inventions such as the internet and televisions that hang on the wall. But there is one product that technology has put the seal on, and that is the cellular phones, since this product was invented its popularity has grown enormously and cannot be missed in any home. There are all types of brands and kinds of phones from the one that you just make a phone call to the one that you can work from, it is amazing what a cellular phone can do for a person this days. The technology of cellular phones can have two different effects on people: it can turn out to be an essential part of the basic needs in today’s world, or it can be dangerous when not used properly. The use of the cellular phones is part of our basic need in today’s world and allows us to make and received routine or unexpected calls; calling on a cell phone can be convenient and save time on many occasions. When I get off work late, I do not have to drive all the way home to find out what my husband and my daughters prefer to eat. I just call my husband to ask what they want for dinner MC Donald’s or Burger King. If I go to Mc Donald’s I know my husband will choose a Big Mac, and my two daughters like to eat the chicken Mc. Nuggets, but if I go to Burger King, my husband like the Steakhouse XT Burger, and my daughters and I like the Whopper with cheese and French fries with a lot of ketchup. After I made my call,...

Words: 1003 - Pages: 5

Premium Essay

Effects of Technology

...I believe that the technological change that has had the largest effect on life in this country is the Internet. When broadcast television came in to the scene it provided entertainment and information, this is similar to what the Internet is providing people today. However, the Internet does provide certain advantages over television. The three main advantages that the Internet has are that it provides instant access to specific information, information that can be accessed from anywhere in the world, and that the Internet is interactive. Society has become very big on instant gratification. People need their information right now and the Internet can give us that. The Internet is an excellent source to find information and the best part about this is that people get their information instantly. People now have instant access to the news, stocks, weather, online bill pay, electronic mail, encyclopedias, and many other resources to conduct research on any given subject. With the Internet accessible from anywhere in the world, life without the Internet is unimaginable. The Internet is available to us at airports, Starbucks, McDonalds, hotels and many other places that Americans travel everyday. With the technology of an air card one can plug that in to a laptop and have instant access on vacation in Europe, a Business trip in the Caribbean or working from home in Alaska. The Internet is interactive; one can choose what they would like to view. People no longer have to see...

Words: 371 - Pages: 2

Free Essay

Effects of Technology

...some data for our studies. This instrument will provide information about how this study will be form. This instrument gives us information on how to make our study. We will also use the TheAppBuilder. It provides a suite of apps to suit employees, clients, events and brochures, with two different approaches available. You can build the app using the online toolkit, and either the training provided or TheAppBuilder itself will work with you to define and build the structure of the app and populate it with initial content. (http://mashable.com/2013/12/03/build-mobile-apps/#wQUikmIZaqqL) Research Environment Figure 2: The location map of __________ (www. Googlemaps.com) Research Procedure First, you should contact an Information Technology ( IT ) specialist. Mark a date when and where you should meet to discuss about the study. Meanwhile , You decide what tool will you use in making the app. Later, you will decide your goal, you must clearly define the purpose and mission of your mobile app. Thereafter, start sketching, By developing sketches you are laying the foundation for your future interface. In this step you visually conceptualize the main features and the approximate layout and structure of your...

Words: 1308 - Pages: 6

Premium Essay

Effects of Technology on Teenagers

...Name Instructor Course Date Effects of Advanced Technology on Teenagers In the modern day, technology advancements are constantly perceived through everyday life. There more and more services available for example, portable Internet, cell phones, iPods, laptop computers, 3D TVs among others (Clinton 24). Technology appears to possess a lot of detriments; however, it also has a more positive impact on the society. In some of the situation, Internet has negative consequences when it comes to sociability. Therefore, this paper aims at informing the reader about both negative and positive impacts of technology on teenagers. Specifically, the research focuses on how teens use it to share information, raise their grievances, and how it helps them in their academic process. About negative impacts, it will be imperative to center the research on how technology causes violence, social barrier, health issues, and addiction as well as dependence. According to Clinton, a journalist at the CNN investigates the explosive growth of the social media and Internet. Clinton relays on his knowledge and numerous statistics to develop his argument about the use and impact of technology on teenagers and children. Clinton also acknowledges the massive growth of technological gadgets such as Smartphones. The author says that one of the immense impacts of technology on teens is the use of the Internet that offers numerous positive opportunities. Primarily, the Internet makes information...

Words: 2566 - Pages: 11

Free Essay

The Effects of Technology on Accounting

...THE EFFECTS OF TECHNOLOGY ON THE ACCOUNTING PROFESSION PAPER JEANETTE SANDERS XACC/210 JUNE 8, 2014 RICHARD VINCENT Abstract THE EFFECTS OF TECHNOLOGY ON THE ACCOUNTING PROFESSION PAPER Thirty years age most financing accounting was done by hand, which indeed left a long paper trail. “Currently, most accounting information is recorded via computers and wide area networks (Journal of Accountancy, 1994). Technology has changed the face of accounting over the last fifty years. It is unclear whether technology’s has an impact on accounting which can be interpret as being positive and negative. It is clear that technology has changed the accounting period. Some of the impacts of technology are either positive or negative which are simply changes, The impacts of technology on accounting field has been positive, negative and neutral, but the impact results cause an demand on the profession to confirm ti the changes but sudden results ti cause a huge demand the profession to conform to the changes. The advantage of technology is the various tools that it has provided. One example would be computer-integrated manufacturing, communications technology, Image processing and the Internet. An example of the many tools of technology whose purpose is to provide detailed and correct information in a short period of time. The advantage of technology is computer-integrated manufacturing technology. Computer –integrated manufacturing has a significant and positive...

Words: 762 - Pages: 4

Premium Essay

Effects of Technology on Communication

...that practices a Sabbath. This Sabbath is not associated with religion like one would think. Their Sabbath is an Internet Sabbath. The Powers family of Orleans, Massachusetts, practice their Internet Sabbath every Friday night through Sunday evening which excludes use of computers, video games and smart phones. The father, William Powers discussed the difficulty by stating, “It almost had an existential feeling of, ‘I don’t know who I am with the Internet gone.’ But after a few months it hardened into a habit and we all began to realize we were gaining a lot from it” (Adler, 2013). Elimination of technology is not only taking place in the home, but in public places as well. Some restaurants in Los Angeles have banned the use of cell phones in an attempt to encourage customers to enjoy their meal and their company (Forbes, 2013). These instances reflect the idea that technology can have a negative impact on interpersonal communication. Significance Builder: Think about how many times you look at your phone, computer or tablet in one day. Raise your hand if you think you could go 5 days without one of your technological devices. When we stop and actually think about it, the number of times we look and the number of minutes we spend thumbing through our phones and other devices is alarming. More often than not, we are with other people when we are doing this. The US Census, in 2011 76% of households reported having a computer, compared to 8% in 1984 (File, 2012)...

Words: 1236 - Pages: 5

Premium Essay

Effects of Technology on the Accounting

...Effects of Technology on the Accounting Advances in technology clearly have affected many ambiguous processes to simplify, efficiency, record or easy storage, and create accuracy of any manual process. The accounting profession is one of many which have clearly changed its innovative way of conducting and processing systematically, but its principles have stayed the same. Information systems (IS) or computerized technologies purpose is to create efficiencies and simplify the manner in which data is collected, stored, and processed. It also provides the corporation with easy access to reports, accuracy, and historical data. In today’s world of technology accounting process for any organization is easily captured in a computerized system. Organizations maintain information of sales, supplies purchased, accounts receivables or billing process, and accounts payable on computerized systems. This allows the sharing of data, whereas in a manual process the accountant would have to retrieve the information from each department and maintain records in a spreadsheet and manually calculating the totals. This manual process was tedious, time consuming, and had many gaps for errors. In our current technologies there are software applications that provide the accountant with the necessary tools to obtain the data, calculate the totals and generate reports. So how does the effects of technology effect accounting? It has a positive effect because it simplifies the process but adds new requirements...

Words: 771 - Pages: 4