Today's Global Market

In todays global market the need for cost-effective and reliable tools is of great importance. One much(prenominal) tool that has helped worldly concern is that of the computer. With advances in technology occurring everyday, the computer is still at the chief of todays economic world. With the versatility to perform many different take for different workrs, the computers future looks pretty bright. As an method of accounting major(ip) student, the accounting industry is one that is heavily immersed in computers. The scientific advances of the computer have made what used to be long-drawn tasks into quick, primary calculations. Long departed are the days of complicated handwritten calculations. One such example of the computers impact on the accounting industry is that of the Accounting Information Systems or AIS area. AIS is an area of accounting in which some type of framework or course is used to figure out financial and non-financial operations. The AIS area consists of three subsystems: the transaction processing system, general/ledger describe system, and the management reporting system.

In the second subsystem of financial reporting, is where traditional financial statements, such as the income statement, balance sheet, and statement of cash flows are generated. This subsystem is where this process has become automated with the use of computers. Rather than traditionally reckon these financial statements by hand the personal computer has interpreted over these responsibilities with a high percentage of accuracy. Long gone are the days of long drawn out calculations and interpretations. Tasks that use to take accountants hours to fulfill would now only take classical minutes. With the elimination of human error a more correct assessment of a clients financial status whitethorn be interpreted. With less time calculating financial reports a more productive and efficient business environment is created for... If you demand to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper