The Impact Of Technology On Financial Accounting Research Paper

The Impact Of Technology On Financial Accounting - Research Paper Example It has been observed that, while, on one hand, technology proves to be an asset for a business organization, it leads to the increase in liability for the accountants. Some of the technological tools like manufacturing of products through computer integrated systems, internet, expert systems, image processing etc. have a positive impact on accounting by facilitating collection, recording, and communication of accurate information about the various business transactions in a timely manner. However, technology has a negative impact on accounting, too. With technological advancements, the risk of losing confidentiality and accountability of the financial accountants has increased. Technology has paved the way towards creating more opportunities for different fraudulent activities in financial and management accounting. Furthermore, there are some impacts of technology on accounting, which cannot be termed either as positive or as negative ones. The pattern of hiring in different organiz ations has changed considerably, and the training and educational pattern of accountants have also changed because of the technological impact on this sphere. ... often we find that technological advancement has proved to be an asset for a business concern, but at the same time it has added to the liability of the accountants of the organization. As an instance, correct information is provided on a timely basis, but only at the cost of confidentiality. A few of the technological impacts on accounting are only changes in simple terms and can be termed neither as positive nor as negative. Hence, in a nutshell, technological advancements have neutral, positive, and negative impacts on accounting, but each of these impacts calls for the accounting profession to be in conformity with the changes. Positive Impacts of Technology The advent of various types of tools because of the technological advancement is quite obvious. It is one of the positive impacts of technology on accounting. Some of these tools are manufacturing process using computer-integrated system, the internet, communications technology, image processing, and the experts systems. All these are examples of few tools out of many, which have been designed to facilitate presentation of accurate information in a timely and detailed manner. Manufacturing processes in organizations using computer integrated system had an impounding effect on the cost accountants in the financial world. With the manufacturing process being automated, information is collected by the computers and reported instantaneously. This gives rise to a system of operational information which is characterized by the integration between manufacturing and other organizational processes like accounting and marketing. Activity-based costing systems are the results of this type of integration, which has a significant impact on cost accounting. Overheads are efficiently allocated by the accountants using this

Research Response Paper Example | Topics and Well Written Essays - 1000 words

Response - Research Paper Example In-depths into Global Climate Change There have been increased concentrations of greenhouse gases emitted into the atmosphere following different human activities. Scientific evidence points out that this has seen the average Earth surface temperature rising by approximately 0.80C. About two thirds of this temperature increase was recorded in the year 1980 (Emmanuel 689). Scientists link these changes to increased combustion of fossil fuels as well as high rates of deforestation across the globe. The main contributors are industrialized nations as they emit a greater percentage of greenhouse gases which further translate into adverse changes in the global climate. This has mainly been boosted by increased human activities. Kiehl and Trenberthnotes that â€Å"Atmospheric concentrations of some of the gases that produce the greenhouse effect are increasing due to human activity and most of the world's climate scientists consider that this is a significant part of the cause of observed climate change† (203). The effects are however, felt worldwide. ... Therefore, a greater portion of greenhouse gases emitted into the atmosphere is linked to anthropogenic sources and the effects are felt fromradiation of gases through the atmosphere. Moreover, most sources of human emissions are able to be identified in specific nations, but the impacts are felt in all areas of the Earth. Greenhouse effects occur and are felt when solar radiation heats the Earth surface after which the heat is radiated into the atmosphere in long wavelength radiations (Emmanuel 688). From scientific view, the radiation is captured by atmospheric carbon dioxide and water vapour then reradiated. This causes heating of land, atmosphere and sea surfaces which then results into intense temperature levels worldwide. This is mainly attributed to the fact that warming effect of the land, oceans and atmosphere affect the global climate by increasing temperature levels across the entire globe. There is enough scientific proof of greenhouse composition and changes in levels in water bodies, land surface and in the atmosphere. This rates carbon dioxide as the most steady greenhouse gas with a consistent increase especially in concentration. Other greenhouse gases have also been observed to substantially increase both in the concentration and volume thereby contributing to increased levels of temperature worldwide. Regarding all these, Kiehl and Trenberth point out that â€Å"these atmospheric concentrations to emissions sources and sinks are a steadily evolving sphere of scientific inquiry; certain inputs to the climate could be observed and promptly quantified† (198). Electricity generation has been responsible for a higher contribution of carbon dioxide released into the atmosphere as compared to other greenhouse gases emitted. Even though