In today's global market the need for efficient and reliable tools is of great
importance. One such tool that has helped man is that of the computer. With advances in
technology occurring everyday, the computer is still at the forefront of today's economic
world. With the versatility to perform many different needs for different users, the
computers future looks pretty bright.
As an accounting major student, the accounting industry is one that is heavily
immersed in computers. The technological advances of the computer have made what
used to be long-drawn tasks into quick, simple calculations. Long gone are the days of
complicated handwritten calculations. One such example of the computers impact on the
accounting industry is that of the "Accounting Information Systems" or AIS area. AIS is
an area of accounting in which some type of framework or program is used to process
financial and non-financial transactions. The AIS area consists of three subsystems: the
transaction processing system, general/ledger reporting system, and the management
reporting system. In the second subsystem of financial reporting, is where traditional
financial statements, such as the income statement, balance sheet, and statement of cash
flows are generated. This subsystem is where this process has become automated with the
use of computers. Rather than traditionally calculating these financial statements by hand
the personal computer has taken over these responsibilities with a high percentage of
accuracy. Long gone are the days of long drawn out ca ...