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Essay / Research Paper Abstract
This 3-page paper focuses on the impact of information systems technology on the accounting profession. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTissacc.rtf
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Unformatted sample text from the term paper:
stored in huge ledger-like manuals. As desktop computer systems become more prevalent during the 1980s and 1990s, however, the accounting profession changed as well. These days, technology and information systems
have managed to integrate accounting functions into the overall performance of a business, which allows for company leaders to formulate goals and strategies based on how the numbers relate to
marketing, production and other facets. Furthermore, the automation of and integration with accounting systems has also changed the roles of accountants in various companies from glorified bookkeepers to active members
of strategic planning groups. Accounting systems, in fact, were the first systems to be automated close to 30 years ago namely because
the electronic data processing systems (EDP) of that time tended to work well when it came to repetitive processes (Plenert, 1999). When management information systems (MIS) were introduced, this allowed
an additional ability to "short, summarize and compare" (Plenert, 1999). That, in turn, led to computerization of manufacturing systems (Plenert, 1999). There are also electronic commerce accounting models that handle
online transactions - periodical auditing process model (PAPM) and a continuous auditing process model (CAPM) Chien-Chih et al, 2000). When first introduced
however, technological accounting functions were mainly stand-alones - they werent a whole lot different from the old by hand ledger system, except that now data could be input onto a
spreadsheet and calculated automatically. But accounting systems are moving beyond this now, and into a general integration with other company functions (Savin and Silberg, 1999).
For one thing, accounting systems and practices have been used in the business re-engineering process, a process involving integration of tasks into a single, streamline process
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