ACCOUNTING VS.

INFORMATION
TECHNOLOGY
PREPARED BY: TATPI-IC, AIZA T.
 INFORMATION
TECHNOLOGY
• IT or information technology refers to the
development, maintenance, and use of computer
software, systems, and networks. It includes their
use for the processing and distribution of data. Data
means information, facts, statistics, etc., gathered
together for reference, storage, or analysis.
 ACCOUNTING
• It is a systematic process of identifying,
recording, measuring, classifying, verifying,
summarizing, interpreting and
communicating financial information.
• systematic and comprehensive
recording of financial transactions
pertaining to a business.
ROLE OF I.T. IN
ACCOUNTING
• It has enabled businesses to develop and use
computerized systems to store and record
financial transactions. With the advancements
in technology and high demand for accountants,
Accounting Information Technology has become
a highly marketable vocation.
• IT networks and computer systems have
shortened the time needed by accountants to
prepare and present financial information to
management.
• It can be used to improve operational efficiency,
achieve regulatory compliance, support
financial reporting and management and even
increase revenues.