Sunday, 26 March 2017

The impact of information technology in accounting system


Before now, business Success was built on the ability to move goods and services with speed and accuracy. Today, information has become the  fuel  that  powers  business  Success  .In  contemporary  Cooperate  world, information technology is deployed to gain competitive edge.

Information technology has been defined as the processing and distribution of data  using  computer  hard  ware,  software,  telecommunication,  and  digital electronic (Encarta Encyclopedia: 2004).

Therefore  it  is  now  obvious  that  computer  component  of  information technology  can  no  longer  stand  alone  without  the  combination  of  other component. However, management planning and control responsibilities are also par amount to a successful enterprise and they represent a mandatory of an Organization  to  progress  and  survive  in  today  highly  unpredictable  and competitive business environment. The projected plan of operation must be decisive and dynamic timely, intelligent planning must be predicated on current known fact and a thorough analysis and realistic approach to inevitable Feature probabilities  .These  key  requirement  for  planning  directions  will  lead  to Business  probability  and  an  equitable  return  on  investment,  which  are  the objective of a successful management.

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