The Effects of Technology On The Accounting Profession Essay

The Effects of Technology On The Accounting Profession - Essay ExampleAnother useful technology is the automated manufacturing computer. With this machinate of technology, PCs gather and report data at the same time. The result is an operational data framework that completely incorporates producing with advertising and accounting information, expanding both the quality and infinity of data (Warren, 1998). This definite data has been of importance in accounting, permitting the accountants to create action based costing frameworks. These new costing frameworks permit accountants to assign overhead more(prenominal) productively. These frameworks can likewise recognize non-value added expenses giving cost accountants a chance to change them to value added expenses (Warren, 1998).Another innovation that is having an incredible impact on the accountant handicraft is Wi-Fi innovation. Presently, accountants can be on the inverse sides of the nation and deal with the same issues without e ither being on same location due to the advances of Wi-Fi innovation. Accountants can channel data and reports from anyplace in the country regardless of the length. Types of Software Used To Improve the Accounting ProcessesEnterprise Resource Planning (ERP) SystemsThis is software that incorporates distinctive divisions in the standstill into the same framework. This makes information accessible differently and backings exercises between the distinctive divisions. The data is made accessible through a typical focal database and imparted through practical(a) ranges, for example (Laudon & Laudon, 2006).