Accounting systems and the role of technology in modern-day accounting

a.     Accounting systems

An accounting system consists of the personnel, procedures, technology and records used by an organization to develop accounting information and to communicate this information to decision makers.

An accounting system includes following basic functions:

-      Interpret and record business transactions.

-      Classify similar transactions into useful reports.

-      Summarize and communicate information to decision makers.

b.     The role of technology in modern-day accounting

                           

In the accounting field, apart from focusing on general issues, we also need to mention the reliability of information or fraud, information security... Therefore, the application of technology has contributed to change and strongly influenced the organization and quality of accounting. Specifically, the role of technology in accounting is as follows:

-      Help to process numbers or data quickly and accurately

-      Provide consistent calculation methods in accordance with the correct accounting method

-      Bring the most efficiency for working

-      Ensure efficient use of resources in the collection, processing and storage of information

-      Solid security system. Ensure that information is not stolen, illegally used or viewed, modified, destroyed...

-      Ensure accuracy and validity of information and data

Always ready to meet all needs, information processing cases, data now and in the future.