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HAdams_ITinAccounting_010911 - IT in Accounting RUNNING...

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IT in Accounting 1 RUNNING HEAD: INFORMATION TECHNOLOGY IN ACCOUNTING Information Technology in Accounting Helen Adams Rasmussen College Accounting Information Systems – ACG4402 Morris Gartenberg January 9, 2011
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IT in Accounting 2 Information Technology in Accounting The term accounting system had been used before the introduction of the computer. In the early 1950s and 1960s, known as the ‘machine accounting’ era IT was mainly implemented to support the clerical aspects of accounting functions such as payroll, accounts receivable and accounts payable…However, as accountants were busy with the technical accounting issues such as the format of financial statements they started to hire technical assistants, known at that time as ‘machine accountants to operate the technology. (Ismail, 2003, p.2) Times have definitely changed. Now accountants must be able to operate the technology on their own. One of the new technologies that accountants must master are tax software programs such as Turbo Tax. Using one of these programs allows the preparer to enter
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