Question

Technology has evolved over the past 50 years, so some form of electronic automation is present everywhere in our lives. Even the smallest business has a notebook computer or Quickbooks application.

please, point out at least two insights you have about the implications of this evolution in the core presence of technology and how it might add unique risks to any organization.

Do you think this might be easier for a corporate enterprise to deal with than a small business?

Answer 1

Advancement of technology has both positive and negative impact on the business operations in terms of accounting.

I case across the major 2 negative impact of technology on Accounting is..::

1.changing technology - Technology is changing rapidly because of this the present computerized Accounting becoming non functional.This problem is ending up with to operate with the present Accounting system with lesser functionality or spend money to adopt new technology.

2.Training - No matter how easy the Accounting software is to use, limitation still exist how well the staff is trained to use such software. Adoption of new technology will result into an extra cost of training to the business.