AccountingWEB student scholarship winning essay: There's an app for that
by AccountingWEB on
By Steven W. Garner, junior, accounting student at Pennsylvania College of Technology
The accounting profession, among all the professions in the career world, continues to evolve with advancements in information technology. Specifically, the accounting profession continues to evolve with access to handheld application technology, including tools, interactive applications, and reference resources obtained via cellular phones, music players, and Personal Digital Assistants (PDAs) and other similar electronic handheld devices. With handheld devices, professionals can access legal reference resources, organize financial information, and make computations ranging from simple arithmetic to intricate time-value money calculations. Handheld application technology offers such capabilities under a single operating system, like an integrated desktop computer. With handheld applications accountants have the versatility to work outside the traditional office.
The success of handheld application technology through widespread acceptance and implementation by consumers is attributable to application designers' responsiveness to the specific needs of consumers, including career professionals. Specific to accounting professionals, designers have developed applications such as BNA Quick Tax Reference, Law in a Flash: Federal Income Tax, and the Oxford Dictionary of Accounting, which are reference applications used to access reference information formerly buried inside large volumes. Additional applications such as DataViz On-The-Go, Google Voice, QuickBooks Online, and PWN Document Scanner, among others, facilitate clerical job tasks such as organizing financial data, making routine calculations, and consulting with clientele through voice and text communication.
With such capabilities at the fingertips of today's accounting professionals, one trend in the accounting profession is the usage of handheld application technology for faster-paced, more responsive decision making. Primarily, usage of handheld applications enables accountants to more efficiently organize and complete projects, with portability of access outside the traditional office, and to communicate with coworkers and clientele on research findings and work completed. With preparation of financial information to interested parties the capability to prepare information on a more timely and accurate basis with handheld applications is a definite advantage to accountants. This fact also facilities a more responsive decision-making process for interested parties. Therefore, continued development and implementation of handheld applications will continue to benefit those in the accounting profession who are embracing change.
You may like these other stories...
How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...
Event Date: October 30, 2014, 2 pm ETMany Excel users have a love-hate relationship with workbook links. For the uninitiated, workbook links allow you to connect one Microsoft Excel spreadsheet to other spreadsheets, Word...
Event Date: September 9, 2014, 2:00 pm ETIn this session we'll discuss the types of technologies and their uses in a small accounting firm office. Included will be:The networked office: connecting everything together for...
Upcoming CPE Webinars
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.