Select any Technology driven company, which has gone from very small scale to La

Question

Select any Technology driven company, which has gone from very small scale to Large-scale organization
through Technology driven approach. Do some research on their past and present business
processes, which have made a significant contribution in the revenue growth within their organisation?
Also discuss and make a list of benefits in using Technology driven approach.

1. Why do you think Technology plays an important role in Accounting Professions?

2.How can use of Information systems eliminate the data error possibilities?

3. Why is it important in todays accounting profession to focus on paper less work processes?

Support your answers with some existing practises in Accounting profession.

Explanation / Answer

1. In the earlier times, an accountant worked with paper and pencils to manually write down every transaction and record them in ledgers.

Now the times have changed. Now an accountant spends his time putting information into a computer system. It only takes a few clicks of a mouse, and all the work is done. Thus, the accountancy profession owe this change in their working style to technology.Technology plans an important role in Accounting profession because it has improved the working of proessional accountants in following manner:

2. The use of Information systems can eliminate the data error possibilities to an acceptably low level by following ways:

3.  It is important in todays accounting profession to focus on paper less work processes because of the following reasons:

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