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Essay / Research Paper Abstract
In five pages this paper discusses how the accounting services’ industry has changed as a result of computerization. Three sources are cited in the bibliography.
Page Count:
5 pages (~225 words per page)
File: TG15_TGcompacct.rtf
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Unformatted sample text from the term paper:
April 15. These visits were comparable to going to the dentist and having teeth pulled since the clients usually needed to supply folders and boxes of paperwork and receipts
through which accountants would sift until the wee hours. But just as computerization had a profound effect upon society and business throughout the world, its impact on accounting services
has been particularly significant. Throughout the twentieth century and well into the twenty-first century, accounting services have experienced unparalleled growth. As a result, computer technology has not only
maintained pace with the industry, it is now actually leading the way and dictating its changes. For the various financial, tax preparation, payroll, auditing, and consulting accounting services in
the public, management, and government sectors, computerization means the manual spreadsheet ledgers have been officially retired and knowledge of more than turning on a calculator and pushing numbers are necessary.
Computer hardware and software skills are now job requirements. External reporting is a prime example because during most of the twentieth century and throughout most of the history of
accounting, financial information to which capital suppliers had access consisted mostly of quarterly corporate reports and annual financial statements (The Accounting Profession in the New Millennium). Computerized records not
only eliminated the constraints imposed by these paper reports generated only at certain critical times each year, but of course their availability is at a much lower cost (The Accounting
Profession in the New Millennium). Therefore, when it comes to making critical corporate decisions, creditors and investors alike have more updated statistical data at their fingertips. Computerization has
enabled investors to thoroughly research opportunities with current profit and loss information no more than a mouse click away. Creditors can also act decisively in their analysis of computerized
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