E-Accounting in the Current Scenario: Impact of Information Technology

Abstract

In the present era of Globalisation and Technology Advancement, change is indispensable. Information technology (IT) has completely transformed the way accounting is being done. Accounting though has not altered, but the way to do it has. Manual accounting is a passé. This review examines how IT has led to a transformation of the accounting practices. It also sheds light on E-accounting and its pros and cons to business undertakings around the globe. Finally, some accounting soft-wares are discussed.