Information Technology And Accounting Essay

4134 words - 17 pages

International Journal of Trade, Economics and Finance, Vol. 1, No. 1, June, 2010

Information Technology roles in Accounting
Tasks – A Multiple-case Study
Maria do Céu Gaspar Alves

Abstract—Nowadays the business world is changing at a
faster and faster pace. The reasons given for this is globalization,
highs information technology (IT) investments and the rapid
pace of technological change. Organizations are responding in
different ways and at different rates to the wide range of IT
based opportunities and pressures. The purpose of this paper is
to focus on the effects of IT related organizational changes on
the management accounting function and to contribute to the ...view middle of the document...

As a result, “Information technology plays a critical
role in modern business, especially regarding the accounting
function” (Efendi et al, 2006:117). IT have radically
transformed the nature of business and accounting practice
(Hunton, 2002). “The initial interest in the relationships
between accounting and information technology was
gradually taken for granted; accounting was simply not
possible without information technology, and the assumption
appears to be that information technology is the platform for
accounting data and it allow certain sophisticated queries to
be performed” (Granlund & Mouritsen, 2003:78). Thus, IT
and accounting systems would be a major component of
accounting research. “While it is widely acknowledged that
IT plays an important role (and increasingly so) in the field of

accounting, the relationship between IT and accounting has
been studied relatively little” (Granlund, 2007:3).
Based on a literature review of earlier research and
empirical studies we conclude that there is a very limited
knowledge about the impact of the most recent IT
developments in the accounting field (Granlund, 2007).
Although IT clearly plays an important role in accounting
(Efendi et al., 2006) and management control (Dechow et al.,
2007), this relationship has not been studied enough. Existing
research has focused mostly on the relation between IT
investment and company performance (Melville et al., 2004;
Huang et al., 2006), notably in studies that attempt to
measure the level of IT investment and company productivity
(Dedrick et al., 2003) or even the financial return on IT
investments (Dehning & Richardson, 2002). But, empirical
studies examining the relationship between IT and
performance have reported mixed findings (Dedrick et al.,
2003; Melville et al., 2004). As well as conflicting results
suggest that there is no direct relationship between IT
investments and firm performance (Yongmei et al., 2008). So,
the relationship between IT and firm performance seems to
be more complex than previously theorized (Stoel &
Muhanna, 2009).
The purpose of this paper is to focus specifically on the
effects of IT related organizational changes on the
management accounting function. We will seek to prepare
the management accounting profession for the challenges
which IT will pose, and to contribute to the body of
knowledge about to what extent IT affects the ability to solve
different accounting tasks. Hence, we will try to measure the
impact of IT usage on accountant tasks.

The impact of modern information technologies in
companies is broad and manifested in the most varied ways.
Integrated systems, such as ERP systems, Internet, Intranet,
and so on, walk hand in hand with the most recent
developments in company know-how. Some of these
technologies, with their widespread use, especially the
Internet, have altered the way companies work and their
accounting organization...

Other Papers Like Information Technology and Accounting

Healthcare and Information Technology Essay

2044 words - 9 pages Information Technology (IT) is increasingly being deployed and used in healthcare facilities to facilitate the communication of information across different healthcare teams and external insurance payers. The underlying assumption underpinning the introduction of IT in healthcare is that, improvements in information flow will eventually translate into improved quality of care (Mort M, 2009).The US Healthcare system is slowly moving toward

Communication and Information Technology Essay

817 words - 4 pages Communication and Information Technology Technology has given health care providers the ability to communicate over distances to provide better care for the patient. Technology has made many differences in the health care community. “Technology has become a powerful communication tool in medicine,” (pg. 21). One new development in technology is electronic medical records (EMR) and electronic health records (EHR). This technology will allow

Communication and Information Technology

1244 words - 5 pages Communication and Information Technology Holly B. Fannin HCA 320 May 2, 2011 Sharon W. Williams Communication and Information Technology Health care has been greatly transformed by modern communication technology. Electronic medical records are the computerized medical records of a patient established and kept by an organization such as hospital, physician offices or other health care centers. Electronic medical records are widely seen

Information and Technology Acts

533 words - 3 pages anyone who obtains information without authorization is punishable under the Act. Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (US Patriot Act) was established in 2001 after the terrorist attack on September 11, 2001. This Act allowed law enforcement to use tools that were already available to detect and prevent terrorism. What were the advances in technology that necessitated the

Understanding Accounting and Financial Information

603 words - 3 pages Understanding Accounting and Financial Information A company’s financial status provides various financial information that investors and creditors used to evaluate a company’s financial performance. The financial statement perspectives provided in this overview are meant to give readers the big picture. With these considerations in mind, beginning investors should be better prepared to cope with learning the analytical details of

Accounting Information and Predicting Financial Performance

1072 words - 5 pages Accounting Information and Predicting Financial Performance: Accounting information can be useful in order to help predict future performance in the short and long term. It is important to note however that accounting information including accounting ratios show a company’s performance at a period in time. It is historical data. Trends can be identified by comparing data in sequential periods and future forecasts can be determined using

Health Care Information Technology Benefits and Problems

974 words - 4 pages Health Care Information Technology Benefits and Problems By Bryan Chadwick Health Care Information Technology, what is it? How does it benefit us? What are some of the problems with it? These are questions that need to be answered. Health Care IT the communications between information science, computer science and health care. According to Forbes we as a nation spent $2.8 trillion on healthcare in 2012 (Pearl, 2013), that is around 18% of

Information Technology and the Effective Leader

1724 words - 7 pages Information Technology and the Effective Leader Kaitlyn Wentz The University of Akron Abstract The focuses of this paper are the attributes necessary to be an effective leader through information technology (IT). The paper is based from research of an analysis of empirical research by James N. Danziger and Kim Viborg Andersen, an article by Akhlaque Haque, and other in-course readings. The introduction focuses on the leader and the

Internet, Information Technology and Our Brain

919 words - 4 pages Internet, Information Technology and Our Brain Elvis Januskevicius Student number: 2003732 Words: 707 Dr. Remco Knooihuizen The growing use of information technology and reliance on the Internet as the main means of communication, acquiring information is changing the way our brain works and the way we think. Such activities as skimming and hyperlinking are influencing our ability to concentrate and focus, in

Health Care System and Information Technology

898 words - 4 pages Nina Talukdar IMPH 8000 Professor Seol September 20th, 2009 IMPH 8000: Review Assignment on Health Care System & Information Technology The role of IT in the health care system is a widely discussed topic of the 21st century. Various individuals ranging from researchers, physicians, health insurers, and economists have been looking for the perfect solution to the health care system of the 21st century. In the articles “The Bela

Technology, Privacy, Accounting, Finance, and Governance Values Analysis

821 words - 4 pages Technology, Privacy, Accounting, Finance, and Governance Values Analysis Starbucks is a well-known powerful company with an abundance of values. One will gain knowledge on how the company differentiates between the right to protect their interests and the employees’ rights to be free from wrongful intrusions into personal affairs. Additionally, one will learn how technology used in Starbucks affects the employees’ privacy; how employees are

Related Essays

The Impact Of Information Technology On Accounting

2983 words - 12 pages and its main functions. 4. identify the potential users of accounting information. 5. use information to make simple economic decisions. 6. understand the role of accounting information in the decision-making process. 7. understand the differences between accounting for management and accounting for external users. 8. understand how the accounting profession is organised in Australia. 9. identify the different

Technology And Accounting Essay

805 words - 4 pages Effects technology has on the accounting profession Sarah Holly ACC/210 June 29, 2015 Sander Moran Effects technology has on the accounting profession “The number one benefit of information technology is that it empowers people to do what they want to do. It lets people be creative. It lets people be productive. It lets people learn things they didn’t think they could learn before, and so in a sense it is all about potential,” Ballmer

Technology And Accounting Essay

974 words - 4 pages services as “accomptants.” As business regulations increased along with taxes, the need for professional number crunchers became clear. The first accounting firm opened in 1845 in London, but accounting technology and technological advances in accounting such as accounting software didn’t come until much later. Early Technology Accounting technology has always played a role in keeping track of numbers, and the idea of using machines to solve

Information System And Technology Essay

1517 words - 7 pages regarded as a successful record distribution company worldwide, which gains profits from the distribution fee when selling products to different retailers. The company has achieved great success by taking the strategy of concentrating on a target market area. However, the appearance of Web-based shops and music download services brings negative impacts to the revenue of BPM company. Meanwhile, the deficiency of using information technology and