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Information Technology and Its Significance in the Accounting Profession in Today’s Modern Society

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Information Technology and Its Significance in the Accounting Profession in Today’s Modern Society
A Library Research on INFORMATION TECHNOLOGY AND ITS SIGNIFICANCE IN THE ACCOUNTING PROFESSION IN TODAY’S MODERN SOCIETY

Presented to

Elizabeth D. Kapulong, MA.Ed
UST-AMV College of Accountancy
As a partial requirement to complete the course, English 3

Prepared by
The Tributes
Members:
Sahagun, Abbie Rose R.
Pelaez, Angelica Marie,
Cantoria, Gabrielle
Alcid, Ariane
Santiago Steffany

August 22, 2012
ABSTRACT

Table of Contents I. THE PROBLEM AND ITS BACKGROUND 4 A. Introduction 4 B. Statement of the Problem 5 C. Significance of the Study 6 II. REVIEW OF RELATED LITERATURE AND STUDIES/CONCEPTUAL FRAMEWORK/DISCUSSION 6 A. Effects of IT in the Accounting Work 6 B. Different Ways in Using IT in Accounting 7 C. Manual and Computerized Accounting Systems 9 D. Difference between Manual and Computerized Accounting 9 E. The Advantages of Manual vs. Computerized Accounting 11 III. SUMMARY AND CONCLUSION 12 References 14

TOPIC:
INFORMATION TECHNOLOGY AND ITS SIGNIFICANCE IN THE ACCOUNTING PROFESSION IN TODAY’S MODERN SOCIETY
Thesis Statement:
The use of Information Technology has positive big effects on the Accounting profession in today and accountants rely on these technologies so their works could be easier but do not fully depend on them. I. THE PROBLEM AND ITS BACKGROUND

Introduction

Accounting is a business process required to operate any organization (Henderson). It is also an important way wherein business owners and other financial professionals manage the company’s financial resources. It is also the process of recording, reporting, and analyzing the company’s financial information (Vitez, 2007).
In the past, Accounting was done in a manual process wherein modern day technologies were not yet/ seldom used in businesses. But today in this 21st century, the advancement of technologies has led to the development or significant advances in the Accounting field (Vitez, 2007).
The


References: Beticon, Josefina L., Garcia, Earl Jimson R., Ireneo, Shirley C. & James George R.(2013).Fundamentals of accounting. Espana, Manila: UST Publishing House. Dickson, Deane.(2008).The effects of technology in the accounting profession.http://www.mightystudents.com/essay/Effects.Technology.Accounting.20305#.[August 3, 2012]. Francis, K Henderson, H. J. (2012). Advantages of an automated accounting system.http://smallbusiness.chron.com/advantages-computerized-accounting-system-4912.html.[July 15, 2012]. Hollander, Denna & Cherrington.(1996).Accounting, Information Technology, and Business Solutions. Richard D. Irwin, a times mirror higer education group, Inc., company. Shanker, S Shanker, S. (2011). How is information technology used in accounting?.http://smallbusiness.chron.com/information-technology-used-accounting-2101.html.[July 15, 2012]. Shanker, S. (n.d.). The difference between traditional accounting & computerized accounting.http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized-accounting-4021. [July 15, 2012]. Sheahan, K. (2000). What are the advantages of information technology in business?.http://smallbusiness.chron.com/advantages-information-technology-business-774.html.[July 15, 2012]. Vitez, O. (2007). Manual accounting vs. computerized accounting. http://smallbusiness.chron.com/manual-accounting-vs-computerized-accounting-4019.html.[July 15, 2012]. Vitez, O.(n.d).The relevance of accounting information.http://smallbusiness.chron.com/relevance-accounting-information-3948.html.[July 15, 2012].
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