Chapter 4
Accounting in the Digital Age
IN THIS CHAPTER
Using technology in accounting: The more things change, the more things stay the same
Understanding accounting systems and the cloud
Processing payments and protecting cash while leveraging technology
Applying technology to assist with managing the accounting function
Over the past ten years, the rate of change in technological advancements clearly has been nothing short of mind-numbing. The computing power now possessed in a mobile format (cellphones, tablets, laptops, and yes, even watches and glasses) that allows for real-time access to data, information, articles, content, videos, and just about everything else has transformed how businesses operate, assess financial performances, manage employees, and interact with customers. These technology trends have been further amplified and accelerated by the Covid pandemic that hit the world in early 2020 (and is still present as we write this book). The move toward remote working and learning has pushed what was once a luxury or nice-to-have (that is, I can work from home once ...
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