Asked by Kunwar Singh on Jun 21, 2024
Verified
Discuss how technology based information systems affect accounting
Technology Based Information Systems
Systems that employ technology for collecting, processing, storing, and distributing information, facilitating various organizational functions.
Accounting
The systematic process of recording, measuring, and communicating information about financial transactions.
- Understand the basic principles and components of accounting information systems and their application in real-world scenarios.
Verified Answer
RR
RACHEL R.A PIONGJun 25, 2024
Final Answer :
Technology based information systems have increased the speed, accuracy and efficiency of performing accounting tasks. Moreover, information for business decision making is provided in a more timely fashion than with manual systems. Technology based systems can also help account for complex business structures and transactions. Enterprise resource planning software can further unify complex accounting systems and support the management decision making process.
Learning Objectives
- Understand the basic principles and components of accounting information systems and their application in real-world scenarios.
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