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Effect of Information System on Accounting Practice

 Impact info System in Accounting Practice Essay

EFFECTS OF INFORMATION PROGRAM ON ACCOUNTING PRACTICE

SECTION ONE

ADVANTAGES

Various data

Info has been an important factor in making decisions process. In recent years, people and organizations make an effort their best to buy information on time to aid these people as they fight to manage their very own businesses. The increasing difficulty of the contemporary society especially, as manifested in social, political and economic institutions, has necessitated the more, man's quest for more relevant information on an even more regular basis. The digesting of facts that can be tracked back to 1, 000 years ago. Just about every financial director has been focused on the finalizing of facts or info, about his businesses procedure so as to provide the most accurate and timely information to administration. In order to provide this kind of accurate and timely information to supervision, financial director continuously sought more improved means of control data. Together with the advent of professional revolution, the advantages of faster, more effective and also other strategies of processing data became obvious. To satisfy these types of needs, various kinds of automatic devices were introduced into the business world. Of these, electric computer system is the most efficient and main as well as the speediest, and most advanced device constructed by man Charles Babbage, an English Mathematician, designed the first physical calculation devices that designed the concept of type, Processing, and output in the design. The machines had been the difference and analytical search engines. The difference engine was originally designed for working out tables of logarithm, it had been based on the concept of difference of polynomials, the more complex machine, it was an over-all ‘purpose details processing machine, which has the input, end result and digesting units. The analytical engine closely was similar to modern pc in the pursuing ways. One part of the equipment known as the generator was dedicated to calculations (similar to the arithmetic unit in the modern computer central finalizing unit CPU) (b) Completely a part that ensures that all operations were carried out in correct control unit of the modern (CPU) c. It had a series of cogs that made certain that figures were not shown to the work until they were required for calculations this is similar to the storage unit in these days computers. (d) Babbage's engine had a part that could be identified as input and output. Your computer may be defined as an electronic equipment that allows data because input, processes the data and information because output in addition, it stores info and details which can be recovered in the future. The application of computers has become diverse and wide-spread in all sectors of the society. By schools, homes hospitals, office buildings, banks etc . computers are used for one goal or the various other. Information and communication technology (ICT) which can be synonymous with computerization is that technology which will aids activates such as creation, storage, processing and communication of information. Accounting is a form of art of recording, identifying, classifying, summarizing, in a systematic manner and in terms of money, deals and occasions which are in part list of economical character and communicating the results to the users.

This project therefore should be to x-ray or perhaps highlight the impact of this info communication technology on accounting practices in Nigeria.

1 ) 1 DECLARATION OF PROBLEMS

Over the years, accounting as a practice deals with origin documents via various orders. These files in the form of information has created several challenges in the accounting career and they are mostly centered on how to provide well-timed and appropriate information to fulfill the requirements of owners of these accounting information. In view of this, while organizations develop size and volume in the transactions and operations, the task of storage space, retrieval and communication of accounting data becomes and so noticeable to result in several...

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