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The Impacts of Information Technology on Accounting Systems

Published:28 October 2021Publication History

ABSTRACT

The purpose of this study is to clarify the impacts of information technology (IT) on accounting systems. The biggest impact Information technology (IT) has made on accounting is the ability of companies to develop and use computerized systems to track and record financial transactions. IT networks and computer systems have shortened the time needed by accountants to prepare and present financial information. This system allows companies to create individual reports quickly and easily for management decision making. Other capabilities of computerized accounting systems are: Increased Functionality, Improved Accuracy, Faster Processing, and Better External Reporting. Finally, this study explains advantages and disadvantages of using information technology (IT) in accounting systems.

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            cover image ACM Other conferences
            ICCCM '21: Proceedings of the 9th International Conference on Computer and Communications Management
            July 2021
            223 pages
            ISBN:9781450390071
            DOI:10.1145/3479162

            Copyright © 2021 ACM

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            Publication History

            • Published: 28 October 2021

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