Custom The Accounting Information Systems essay paper writing service

← Depreciation AccountingThe Influence of Economic Growth →

Buy The Accounting Information Systems essay paper online

The article, “What’s all the fuss about XBRL?” highlights various features of the eXtensible Business Reporting Language as a tool for financial reporting. This tool enables the translation of data contained in financial reports into a computer-friendly format. XBRL uses the tagging approach to translate pieces of raw data in financial reports into a format that computers can understand and use in diverse accounting tasks (Drew, 2012). The article discusses the benefits of XBRL concerning the enhancement of accounting information systems. These benefits include increased control on financial data and efficiency in the scrutinizing of data by analysts and investors. Using XBRL and other validation software facilitate the creation of a framework upon which concerned parties and stakeholders can quickly extract key information. The author illustrates this concept by considering a scenario in which an analyst wants to evaluate the intellectual property (IP) spending within the technology sector. Using the traditional means, the analysts would undergo a gruesome process of extracting financial filings of all the technology companies and recording the IP spending number in an excel file (Drew, 2012). XBRL shortens the process by facilitating the use of the same IP spending tag in the analysis and compilation of financial results.

The author’s view concerning the importance of XBRL in enhancing the analysis of financial data is justified. This tool facilitates an easier and faster exchange of financial information throughout the world upon a platform of software applications. XBRL promotes transparency in various aspects of financial reporting as it allows easy exchange and extraction of fiscal data. It digitizes the existing accounting standards and thus facilitates the establishment of more comprehensive accounting information systems. Various aspects of XBRL introduce flexibility concerning companies’ reporting. XBRL eliminates negative outcomes associated with delayed analysis of financial information such as the loss of potential investors, difficulties in convincing financial institutions to provide loans and the depiction of incredible financial statements.

The article, “Technology and CPA”, discusses the changing trends in accounting due to the transformation in information technology. The author presents views of professionals concerning the technological trends in accounting. The transformation in mobile technology and cloud computing has facilitated the integration of information systems in most of the aspects of accounting (Drew, 2012). These developments allow accounting professionals to access cloud-based applications, data and communication using mobile devices. The author asserts that technological developments introduce high levels of connectivity that facilitates the efficient and faster exchange of accounting information between concerned parties. The article also discusses the enhancement of business intelligence due to the introduction of sophisticated data analysis tools. These tools will create comprehensive accounting information systems that use large databases and advanced algorithms to analyze the financial activity of an organization. The author describes a situation whereby accounting systems will encompass different perspectives for analyzing risks and opportunities for improvement. These systems will provide real-time data and thus reduce the workload associated with the consolidation of various aspects of accounting (Drew, 2012). In addition, the automation of financial information will streamline aspects of tax analysis, which is crucial in functioning of accounting systems.

An evaluation of the trend in technological advancement substantiates the author’s assertions regarding the change in accounting information systems.  These advancements will create automated accounting systems that will eliminate the need for data entry. Computer systems will facilitate automated recording of transactions and thus promote effective analyzing of trends and areas that require improvement within organizations. This shift towards miniature gadgets such as tablets and mobile phones as tools for analyzing financial activity will introduce flexibility within an organization’s accounting systems and minimize operational costs. Cloud computing will foster faster access to data of an organization by both its employees and external parties such as potential investors. 

Buy The Accounting Information Systems essay paper online

Related essays

  1. The Influence of Economic Growth
  2. Economic Statistics
  3. Depreciation Accounting
  4. Non-Influential Investment Securities
 
order now
Live chat!
Planets Live support online chat Live support phone
Our Advantages
300 Words per page
Bottom line
12 pt Times New Roman Double-spaced typed page
Bottom line
MBA and PhD Writers
Bottom line
Relevant and up-to-date
Bottom line
US Writers
Bottom line
100% Quality Guarantee
Bottom line
24/7 Support
Bottom line
24/7 Live Chat
Bottom line
Flexible Discount Program
Bottom line
ANY Difficulty Level!
Testimonials

Thank you for selecting a writer for my research proposal who had a background in the topic area. That seems to have made all the difference in defining the line between good work and phenomenal work. I received an A+ on the proposal, and plan to turn to EssaysProfessors.com in future againYou guys are the greatest! Thanks for everything,


Darlene M., Tampa, FL, USA

I simply cannot say enough about what a marvelous job that EssaysProfessors.com writer #29176 did with my research proposal! I got the highest grade, and I have one less thing to worry about. My grade point average went up because of this paper, too! Thanks ever so much!


Glenda J., Indianapolis, IN, USA

The writer who worked on my thesis could not have been any better! His skillful writing gained an A+ for the thesis. I am very pleased with the whole transaction. Given the amount of work he put into this paper, I appreciate your reasonable prices more than ever! Thanks, EssaysProfessors.com, for coming through for me yet again. I know I can always count on your writing service to deliver premium content right when I need it most. You have never disappointed me, and I will keep coming back. Thanks so much!


Carol S., Austin, TX, USA

X
-15% first order  Order now