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Technology in the Accounting Profession

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Reference articles describing how information systems are changing the various aspects of the accounting profession.

o Include a description of a variety of new technologies and their effects on accounting processes.
o Discuss how these technologies have changed the way accounting is performed at your organization or at an organization of your choosing.

Cite at least two sources in your paper.

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Solution Summary

This solution is two references for a written paper on the use of technology in the accounting profession. The references come from tax professionals and certified public accountants.

Solution Preview

Here are two articles. The first one comes off of the AICPA website through the Journal of Accountancy and outlines how CPA's are using technology to enhance their business. This article is accessible to anyone. The second article comes out of the National Association of Enrolled Agents through its' EA Journal and it is only accessible through membership. The sources are direct so it will be necessary for the writer of the paper to edit the source material.

DeFelice, A. (2009)
"CPAs who find themselves on the go are turning to some of the latest phones and mobile applications to do much more than just stay connected to their clients.

Running down the list, the glaring trend was in mobile devices and other tools for working remotely. Some items listed: various BlackBerry devices including the Bold, Storm and World Edition; iPhone, iPod touch, Kindle (electronic books); netbooks; and other PDAs and smartphones, in general.

Respondents who listed these tools acknowledged that they use them not only for e-mail access and other work-related tasks but also for the occasional crossword puzzle or sports update. However, most highlighted the ability to connect with clients and colleagues, as well as to schedule appointments on the road. They also have begun using certain applications on these devices for a variety of work-related tasks, such as time tracking and invoicing while working with clients outside the office.

The bottom line is that mobile technology is saving CPAs time. And time is money.

"The smartphone/PDA continues to revolutionize business. As companies continue to find new and productive uses of their phones, you have to ensure your company is able to connect anytime from anywhere," said Bob Davis, IT manager for Ohio-based accountants and business consultants Rea &Associates, which allows all partners and principals to have their own phone connected to the corporate e-mail service. "Right now, primary use of the smartphone is just e-mail, but we're seeing more and more apps being built that will allow us to do even more."

EXTRA APPLICATIONS

Communication is an obvious benefit of mobile connectivity, but many CPAs have tapped into additional functionality of these devices. Many of them quoted the phrase from the popular iPhone commercial, "There's an app for that."

Bruce Tharel, who owns a small CPA firm in Clinton, Okla., uses his BlackBerry ...

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