Table of Contents
Introduction:
In recent decades, information technology has brought many technical changes in the field. The continuous advancement of technology particularly in Business has supported in performing the hardest task easily. And hence, then I decided to pursue my career in the Accounting field and desire to work as an accountant. The purpose of writing this paper is to explain the three most significant changes because of the developments in information technology such as ERP systems, cloud computing, and analytics, and the effects of mobile technology in the accounting field.
Body paragraphs:
How accounting First change in the development of IT?
The development of information technology has led to the most significant changes because of the ERP (Enterprise Resource Planning) system over the past years (Framinan,2008). The software is mainly designed for business purposes because to process and promote the huge data and records, along with advancing the manufacturing, planning, and the client’s or consumers’ responses (Chung and Skinniewski,2007). The ERP system is application software, specifically prepared for the smooth working of the activities in companies, manufacturing, distribution, project management, payroll, and financial department (FOLDOC). The use of this software upgrades the efficiency and effectivity in working by combining the group of employees, employers, and different parties onto a single level (Merkuryev, Tambovcevs, 2009).
How accounting Second change in the development of IT? The other change in accounting because of development in information technology is cloud computing
How accounting Third change in the development of IT? Along with the above-mentioned changes, the mobile revolution had also effected in ease of working for accounting professionals.
Effects of the mobile revolution in accounting.
Conclusion:
In short, accounting has changed because of the three most significant development in information technology. Subsequently, the mobile revolution had impacted the accounting profession by advancing in communication, etc.
References:
ERP system. (n.d.) The Free On-line Dictionary of Computing. (2003). Retrieved April 12, 2019, from https://encyclopedia2.thefreedictionary.com/ERP+system
Framing, J. M. 2008. Book review, International Journal of Production Research 46(1): 297–298. http://dx.doi.org/10.1080/00207540701409092Chung, B.; Skibniewski, M. 2007. Cost-Benefit Analysis of ERP Modules in Construction Firms, in Proceeding of the ASCE/ CIB Construction Research Congress. Newport, Bahamas, 1–10.
Mercury, Y.; Tambovcevs, A. 2009. Analysis of ERP systems implementation in the construction enterprises, Computer Science 40: 16.
