Advantages of IT in Accounting:
- Increased Efficiency
- Increased Accuracy
- Faster way to send and receive data
- Help streamline and automate task
- Allows accountants to focus on other tasks
- Security of Information - How secure is this information to outside threats?
- Controls on Information - Who can access what?
- Training all employees on how to use IT - Can be Costly
- Constant maintenance and upgrades
- Costly!!