AICPA Technology
You are the accountant for a mid-sized manufacturing company. Your boss has asked you to explain some of the most important technologies affecting accounting.
Visit the Information Technology Center (Links to an external site.) website for the American Institute of Certified Public Accountants (infotech.aicpa.org) and find the current list of top ten technology initiatives (found under the site’s Resources tab, but you may have to search for them). In a three- to five-page paper (not including the title and reference pages), write an analysis of each of the ten technology initiatives and, using scholarly research, provide a practical example of each initiative.
The paper must:
- demonstrate graduate level work including appropriate research and critical thinking skills;
- be presented as a written analysis (not a question/answer format);
- be written in a coherent manner with proper use of grammar, spelling and punctuation;
- be formatted according to APA style as outlined in the Writing Center (Links to an external site.);
- include citations and references for the text and at least two scholarly sources from the University of Arizona Global Campus Library.
Answer preview
Technology is continuously evolving, making impressive strides at an incredible speed (Thew, Jennewein & Sasaki, 2019). This technology affects our everyday lives in the social, family, and business contexts. Technology is a palpable presence on the business front with its involvement in saving on cost and time and its absence crippling business development. Businesses need to be in constant search of innovations that help integrate operations and improve their services. With the ever-improving technological improvements, the finance and accounting world needs to stay ahead of the competition by taking advantage of the latest trends in information technology and having access to innovative resources and tools.
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