Information Technology and Accounting - 4117 Words

International Journal of Trade, Economics and Finance, Vol. 1, No. 1, June, 2010 2010-023X Information Technology roles in Accounting Tasks – A Multiple-case Study Maria do Cà ©u Gaspar Alves accounting, the relationship between IT and accounting has been studied relatively little† (Granlund, 2007:3). Based on a literature review of earlier research and empirical studies we conclude that there is a very limited knowledge about the impact of the most recent IT developments in the accounting field (Granlund, 2007). Although IT clearly plays an important role in accounting (Efendi et al., 2006) and management control (Dechow et al., 2007), this relationship has not been studied enough. Existing research has focused mostly on the relation†¦show more content†¦Thus, IT and accounting systems would be a major component of accounting research. â€Å"While it is widely acknowledged that IT plays an important role (and increasingly so) in the field of II. LITERATURE REVIEW The impact of modern information technologies in companies is broad and manifested in the most varied ways. Integrated systems, such as ERP systems, Internet, Intranet, and so on, walk hand in hand with the most recent developments in company know-how. Some of these technologies, with their widespread use, especially the Internet, have altered the way companies work and their accounting organization (Granlund, 2007). â€Å"Prior to the emergence of this environment, the presence of IT in the organization has typically taken the form of specific computer application systems, such as accounts payable and financial reporting systems, which either automate specific operational procedures or support certain managerial processes† (Teng Calhoun, 1996:674). It is usually argued that the first use of an information system was in relation to 103 International Journal of Trade, Economics and Finance, Vol. 1, No. 1, June, 2010 2010-023X accounting (Rom Rohde, 2007), because often IT was about the firm’s financial ledgers and reporting systems (Granlund Show MoreRelatedThe Impact Of Accounting And Information Technology1704 Words   |  7 PagesIMPACT OF ACCOUNTING AND INFORMATION TECHNOLOGY Application of basic accounting theory is based on financial accounting practices used in the formation of a series of methods of the theory, mainly the development and implementation of accounting practice norms, is to guide and constrain accounting standards, the basis for evaluation of accounting. 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