| Starting from early days of clay tokens to the | | | | introduction of computers and accounting |
| development of the abacus, accounting can be | | | | applications, the setting of accounting has changed |
| counted as one of the most important practices | | | | significantly. Emerging as a replacement for simple |
| performed in our old civilization. This practice | | | | paper and pencil record, it has entirely redefined |
| gained its first recognition when commercial | | | | the day-to-day procedure of accounting. |
| revolution took place and double-entry | | | | Looking at the present context, computers and |
| bookkeeping came into an existence. | | | | accounting application has in fact allowed |
| Approximately hundred years later, Luca Pacioli- | | | | accountants to make use of different electronic |
| one of the famous Franciscan monk, wrote down | | | | spreadsheets, which in turn has eliminated the |
| a mathematics book that highlighted three | | | | requirement of adding machines, pencils, and |
| essential things required by merchants: adequate | | | | calculators. In fact, today it has became much |
| cash or credit, an accounting system, and a good | | | | easier for accountants to maintain the proper |
| bookkeeper. And, today if we carefully study the | | | | track of information on a regular interval basis and |
| present scenario, accounting has emerged as one | | | | even eliminate mistakes if any in less time. |
| of the most promising career options. In fact, | | | | Ultimately, this has resulted in better accountability |
| these days many young aspiring students are | | | | and efficiency. |
| opting for accounting courses and therefore | | | | Apart from this, the computer is also accountable |
| joining accounting schools. However, if we talk in | | | | for changing the orthodox picture of accounting. |
| terms of changes that accounting as a practice or | | | | Earlier the field that was considered to be very |
| career has witnessed then technology will one | | | | task oriented has transformed into a career that |
| essential element that has always played a major | | | | is more different and flexible in working style. The |
| role. | | | | conventional overview of the accounting |
| Technology in accounting has always played a key | | | | profession needs a person who generally |
| part in maintaining proper record of numbers, and | | | | performs all day maintaining of records is now a |
| solving different mathematical problems. | | | | history. These days, the modern accountant is |
| Inventions like Leonardo da Vinci's Codex Madrid | | | | more skilled with various accounting applications |
| or calculators are few examples that played key | | | | and use computer to perform the daily accounting |
| part in making the task of accounting easier. While | | | | task. This allows the accountant to execute its |
| there were few delicate transformations in the | | | | responsibilities within minutes that earlier took |
| field of accounting, starting from its initial days | | | | numerous hours to complete. No doubt, the |
| through the 1970s, but finally with the introduction | | | | computer has changed the accounting career. |
| of the computer and accounting software, things | | | | Though there are some who are slightly upset |
| have drastically changed. | | | | that career openings or profiles of the past have |
| The introduction of computers has altered | | | | been swapped by the usage of computers and |
| accounting in several ways. Previous to the | | | | software, others are amazed and appreciating the |
| introduction of computers accounting was totally | | | | introduction of computers in accounting. |
| dependent on records that were maintained on | | | | Nevertheless, there is still much employment |
| papers. Adding to this, there was a moderate | | | | prospect as there was 30 years ago. All that we |
| procedure of conducting accounting duties that | | | | need is to prepare ourselves for every change |
| generally translated from one department to | | | | that is bound to come our way at regular |
| another within the company. However, with the | | | | intervals. |