Acc 340 Wk 1 Individual

The Effects of Technology on the story Profession ACC 340 The Effects of Technology on the story Profession The saying, Time is funds has never been more true at any point in memoir than it is today. For the certified public accountant (certified public accountant), the adage holds pull down more significance as the more duration a CPA has to spend in a project, the less(prenominal) valuable that project becomes. It also nub less time to devote to the neighboring project. Technology has aided the CPA in numerous ways in juvenile years. From accounting softw ar to devices with accounting actions, CPAs apply a variety of naked as a jaybird applied science to attend keep on time and money.In this paper, I provide explore some of the technologies purchasable to CPAs. score technology is not new, and has been a part of calculating and overlaying poem throughout time. From Leonardo da Vinci who intentional a device he designate the Codex Madrid number instrument to Blaise Pascal who invented the first early computing machine to William Burroughs who created the first adding machine, those who specialized in be have sought ways of devising the tasks of their profession or hobby untold simpler. As time passed, more creations emerged to help accountants work out their expertise more accu rankly and faster.The first reckoner was built middle(prenominal) through the twentieth century. For the more or less 50 years that followed, huge computers designed to perform the simple task of calculating numerical equations were eventually scaled down to start on top of desks in consumers homes and offices. The earthly concern of accounting went from manually inputting data into a ledger to victimization electronic spreadsheets that eliminated the use up for ledgers, calculators, pencils, and adding machines. Out with the hardcopy and in with the software package.Many years ago California-based Intuit launched a brand of accounting software cal led QuickBooks patterned after its usual someoneal accounting brand amend (Loter, 2009). From its launch the software has been very ordinary with commercial enterprise owners who had little to no titular accounting knowledge. Today there are many software titles providing accounting software for small, medium, and larger businesses. Some newer titles include able Simply Accounting Software, Peachtree Complete Accounting Software, AccountEdge Accounting Software for Windows and Mac to reveal only if a few.Accounting software has helped CPAs save time and money by leading accountants to right away and easily input data onto a spreadsheet, then import or exportation information within or even between networks. This eliminates the time-consuming method of hired man information on paper, then physically transporting the finalized document(s) to be batched with mistakable document(s) from (an) other department(s). Accounting software has not been the only scientific advancem ents for the accounting field. Mobile devices are obtainable that allow accountants and business owners to input and restore data while on the go.Of course, it is the software applications that causes the information ball to begin rolling, but it is such devices as an iPhone or iPad, a Blackberry device, a personal digital assistant (PDA), or an Android smartphone that allow accountants access to information that could accelerate calculations or computations while visiting clients or whenever the person needing information is away from his or her office. A major benefit for the CPA using a device listed above is an application called TimeWerks that allows a CPA to track, invoice, and e-mail billable time through a built-in stopwatch called Task Timer.The application costs $9. 99 to download. High-powered business calculators called 10BIICalc can be downloaded onto an iPhone for $5. 99, and provides access to stocks, bonds, depreciation, and conversions. A store-bought similar dev ice could cost between $30 and $100. The netbook or mini-notebook PC is another new device o which CPAs are drawn. The DisplaySearch Q3 09 dopely notebook computer PC Shipment and cipher Report found the mini-note PC-or netbook-market grew 40% quarter over quarter and experienced nearly twice the 22% growth rate of larger notebooks (DisplySearch. com, 2011).There is no doubt that accountants, business owners, or even the consumer who enjoys tracking his or her spending from his or her home computer appreciate that doing mathematical equations (accounting) no durable requires an abacus or clay tokens. With the advent and growing of computers and their related software, accountants were better able to track information in real-time and entirely eliminated most mistakes. This and the creation of portable devices such as iPhone/iPad has resulted in greater efficiency, accessibility, and accountability, and has adapted the way accounting is performed, procured, and secured.Accounti ng technology get out continue to evolve, and tracking money will become even easier. References DisplaySearch. com. (2011). Mini-Note PC (Netbook) Shipments get up at Twice the Rate of Notebook PCs in Q209. Retrieved May 16, 2011, from http//www. displaysearch. com/cps/rde/xchg/displaysearch/hs. xsl/090831_mini_note_pc_netbook_shipments_grow_at_twice_rate_notebook_pcs_q2_09. asp viper Loter, D. (2009). History of QuickBooks. Retrieved May 16, 2011, from http//business. intuit. com/directory/article-history-of-quickbooks