Information Technology

Today business world is changing rapidly. The cause of this is globalization, high IT investment and technological change in relationship with high cost of research and development (Frishamar, 2004). The function of information technology has become important part of how companies manage and control their resources, different companies and organizations respond to technology in different ways (Johnson, 2007). IT plays a significant role in modern business especially in looking at accounting function; it has transformed the nature of business and accounting practices where computers are used in recording data this results to time saving and enhances accuracy.

As we look into the technology of the future in accounting functions and accounting information systems our views collects what is near us that is, increase adoption of collaborative technology and the interchangeability of collaborative tools. Use of computing leads to the edge of what we can currently hold.

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