Importance of understanding both the process and the technology associated with accounting informati

Importance of understanding both the process and the technology associated with accounting informati

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Importance of understanding both the process and the technology associated with accounting information systems . Speedy transaction - speed is the assurance of information technology. The utilization of multiple technologies results in faster and more accurate results. However, keeping in mind that each piece of technology purchased, be it hardware or software must be compatible to deliver the best performance. If one piece malfunctions or is not usable, the system is not effective. For example, if the network holding accounting application fails, then work gets bogged down and the system is not effective. In order to be effective as far as speed is concerned, the accounting staff must understand the troubleshooting measures in order to keep the systems up and working. Accuracy - Accounting transactions are very detailed and accuracy in recording and reporting is optimal. Technology has had a positive effect in accounting applications because calculations done by a computer program experience very few errors. For example, an invoice may have
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