use of information technology in my major

Introduction

Information Technology is acting as either an enabling or driving force in almost all fields and use of Information Technology is helping organizations to achieve better and faster results . The Accounting profession is also no different and is using Information Technology to do the jobs better and more efficiently . The use of Information Systems in Accounting is called the Accounting Information Systems . These systems help the organization where accountability is concerned or where you need to monitor the performance of the business in pure financial terms

Use of Information

System in Accounting

To find out how the Information Systems are used in accounting profession , Google search engine was used whereby the keywords typed were use of Information Systems in Accounting

Accounting Information Systems (AIS ) cover all aspects of the business from the transaction processing till the financial planning . The AIS can be used for financial reporting where the system will capture information about the production , purchasing and selling activities of the business (Accounting Information Systems : Encyclopedia of Business and Finance ) These will be done at the lower level of the organization and will be used for both internal purpose whereby they will help to determine how the business is performing and also for external purpose whereby it is used for regulatory purposes or for attracting investors

Another use for AIS is in the manufacturing and service environments where they allow the organizations to monitor the costs that are linked to producing the goods and services . In the service sector , they also help to monitor the level of service provided . Moreover , they can also be used to improve the resource allocation so that goods and services are produced efficiently with least amount of waste (Accounting Information Systems : Encyclopedia of Business and Finance

In addition to the above , AIS can also be used for planning , monitoring and control of various activities of the business whereby the managers will be allowed to access the advanced reporting and statistical analysis . These systems not only gather data but also the users to do what-if analysis whereby the user can make a scenario and see what will happen in each scenario and then choose the best alternative

Accounting Blog

To find out about Accounting as a career , I looked at Accounting Blog at Suite101 .com and after reading the blog , I learnt a great deal about this field . First of all , the blog completely changed my pre-conceived notion that if you want to be a good accountant , you have to be good at Mathematics . According to a post by Bradford , Accounting is a science in itself and to be a good accountant , you need to know good accounting and not good Math (Bradford , 2007

The blog also helped me in understanding that Management and Public Accounting are altogether very different fields both requiring different types of certifications and each of them is focusing on different aspect of the business . CPA certification is required for Public Accounting whereas CMA is required for Management Accounting . Furthermore , Public...