Information Systems Advancing Accounting

Accounting information systems have been advancing as technology advances. “Advances in technology will put an almost universal demand on CPAs to be more computer-literate than ever before” (HARRINGTON, 2005). It is no longer about just keeping a correct balance. People want to be promised privacy and protection. The good and bad problem with the new technology is it causes major changes in how businesses are operated and used. Accounting is not just calculating numbers; it is a people business. Technology has moved those things forward. Now instead of a binder holding account information; it is a computer, and accountants just email their clients updates. Technology brings new changes in information systems everyday in several ways like financial and managerial accounting, taxation, and auditing. It has reorganized most businesses from global to local sizes (Bagranoff, N. A., Simkin, M. G., & Norman, C. S., 25).
The increased efficiency and accuracy in accounting comes in several ways because there are so many different types of systems for financial and managerial systems. The systems can input, process, and output information automatically. The systems still need to be set up by an accountant or it could end up useless because someone does not know what they are looking for in the information. H&R Block is an incredible forward thinking company that has many layers. The systems set up to help with the information systems in financial and managerial accounting are all computerized much like the programs used for customers to input their tax information also calculates how much the customers owes per page and connects to the businesses main books that account for paychecks and payments made to the company (New Technology for the Accounting Profession, 2011). H&R Block actually has their own banking systems that allow customers to set up account and have a debit card. The overlapping systems make the old manual systems almost useless because it makes the

References: Bagranoff, N. A., Simkin, M. G., & Norman, C. S. (2010). Core concepts of accounting information systems (11th ed.). New York, NY: John Wiley & Sons. HARRINGTON, C. (2005, October). The Accounting Profession: Looking Ahead. Journal of Accountancy (2011, 08). New Technology for the Accounting Profession. StudyMode.com. Retrieved 08, 2011, from http://www.studymode.com/essays/New-Technology-For-The-Accounting- Profession-760067.html TYPES OF INFORMATION SYSTEMS. (1990). Retrieved from http://bisom.uncc.edu/ courses/info2130/Topics/istypes.htm