A Library Research on INFORMATION TECHNOLOGY AND ITS SIGNIFICANCE IN THE ACCOUNTING PROFESSION IN TODAY’S MODERN SOCIETY
Elizabeth D. Kapulong, MA.Ed
UST-AMV College of Accountancy
As a partial requirement to complete the course, English 3
Sahagun, Abbie Rose R.
Pelaez, Angelica Marie,
August 22, 2012
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…show more content…
• What are the positive effects of IT in the Accounting work? • What are manual and computerized accounting and their differences? • What are the advantages of the computerized accounting over the manual system?
Significance of the Study
The purpose of this study is to know the significance of Information technology in the field of Accounting in today’s globalized world.
II. REVIEW OF RELATED LITERATURE AND STUDIES/CONCEPTUAL FRAMEWORK/DISCUSSION
Effects of IT in the Accounting Work
Information technology (IT) has changed the accounting department for the better (Shanker). Today, IT is already present and is used widely in the business field, specifically in accounting offices (Shanker, 2006).
The following are the positive effects of IT in the Accounting Work:
Speed is the most important characteristic of IT. The use of various technologies results to faster and more accurate performances. Technologies are mainly composed of hardware and software and these two must be always compatible for the accountant’s specific works in order to deliver the best performance. In order for technologies to be more effective as far as speed is concerned, the system of accounting should have always backup systems for the technologies that are being used (Shanker, 2006).
Accuracy in recording and reporting financial information are greatly valued and the improvement of
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