Accounting systems and the role of technology in modern-day accounting

Accounting system

Bergant (2021) showed that in accouting system there were 3 partial: operational (execution) partial system, informational partial system and managerial partial system

The operational (execution) partial system in charge with the essential functions of bookkeeping, forecasting, financial analysis, and the implementation of internal controls.

The informational partial system introduce to stakeholder through financial reporting, data archiving, and control efficacy assessment.

The managerial partial system will create plan and make decision through company's HRM, assets and the users. 

The role of technology in modern-day accounting

As accounting trends evolve, technology becomes vital for handling the ever-changing accounting process. Based on the rapid development of accounting, Accouting Software was a innovation to replace paperworks. With the contribution of accouting technology, it enabled the muiltifunction of a accounting report and increase the value of the report. Moreover, by using automating of the transaction on the computer, the accoutant also reduce the time to record and easy to track those statistics. 

(Shabana, 2023)

References

Bergant, Ž. (2021). Accounting and Accountancy. In Accountancy and Social Responsibility: An Innovative New Approach to Accountancy Theory and Practice (pp. 5-23). Cham: Springer International Publishing. (Accessed: 21th March 2024)

Shabana (2023) What is the Role of Modern Technology in Accounting? Available at: https://invyce.com/what-is-the-role-of-modern-technology-in-accounting/ (Accessed: 21th March 2024)


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