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Essay / Research Paper Abstract
A 5 page paper summarizing an article highlighting aspects of an effective online accounting application. The Internet offers some intense opportunity either for success or failure. Common sense appears to be more common than before the fallout of the technology sector in the summer of 2001 and before the collapse of Enron and others. The principles of accounting will remain unchanged, but the methods by which they are accomplished likely will not. Includes a 1-page outline. Bibliography lists 2 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSacctEduTech.rtf
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Unformatted sample text from the term paper:
The change needs to be beneficial. II. Change in Practice A. Change to electronic media. B. Practices remained the same. C. The Internet requires change in process, not only change
in medium. D. The online system needs to automatically and instantly update organizational records. E. The online system needs to support business that happens at a much faster pace. III.
Reaction: agreement IV. Conclusion Introduction Cameron (2000) asks his readers, "Are you ready to ride the e-accounting roller coaster?" (p. 50). He
refers to the arrival of Internet-based accounting activities and responsibilities. Comparing the transition from paper-based operation to the real-time, instantly-updating environment of Internet-based accounting, the author warns readers that
the larger experience can be equated to the "I think Im gonna be sick feeling" (Cameron, 2000; p. 50) that accompanies the coasters near-vertical descent at a speed beyond the
riders control. "The way up rapidly got confused with the way down, and before you knew it, you couldnt wait to get off. Then, out of nowhere, somebody yells,
lets go again!" (Cameron, 2000; p. 50). Change in Practice This, according to Cameron (2000), can describe the process of creating a functional
online equivalent to the standard accounting function. Of course every migration from age-old procedures to a format compatible with the Internet is a challenge at best, but Cameron (2000)
warns that it is even more intense in accounting. Accountants abandoned their manually-kept ledger books long ago in favor of electronic systems, but that change was only one of
the medium in which the same practices persisted. Accounts payable and receivable still operated in the same way; changes still were posted to accounts in the same manner:
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