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e-Skills for Innovation in Knowledge Society: e-accounting in India

Mr. Gaurav Malpani

First Published April 23,2013

Authors
  1. Mr. Gaurav Malpani
Affiliation
  • Assistant Professor FMS- IRM Jaipur
Abstract
Accounting is the information system business activity, processes the data into reports, and communicates the results into the decision makers, which could be Individuals, Business, Investors, Creditors, or Taxing Authorities (Horngren, Harrison, 2007). The primary purpose of the accounting information system is the collection and recording of data and information regarding events that have an economic impact upon organisations and maintenance, processing and communication of such information to external and internal stakeholders (Stefanou, 2006). There has been constant growth in the use of the information and communication in business to support the exchange of data and information within and between organisations. New technologies, like the Internet and Mobile solutions, have provided new business opportunities and operations.
E-Accounting refers to electronic accounting, a term used to describe an accounting system that relies on computer technology for capturing and processing financial data in organisations. When organisations adopt e-accounting, they usually discover that even though computerised accounting systems handle financial data efficiently, their value will then they are able to generate immediate report regarding the organisation (Hotch, 1992).
Keywords

E-SKILLS , E-Accounting, , e-commerce

References
  1. Horngren, C T., and Harrison, W T., (2007), “Accounting and the Business Environment” Accounting, 7th ed., Pearson, Education, Inc., Upper Saddle River, New Jersey.
  2. Banker, R D., H. Chang, K. Kao. (2002) “Impact of information technology on public accounting firm productivity” J. Information System 16(2) pp. 209-222
  3. Kosiur, David (1997) “Understanding Electronic Commerce” Prentice Hall India Pvt. Ltd.
  4. Gullkvist, B. (2002) “Towards paperless accounting and auditing” Finland: e-Business Research Centre
  5. Doost, R. K. (1999) “Computing and Accounting: Where do we go from here?” Managerial Auditing Journal, 14(9), pp. 487-488
  6. Ashcroft, P. (2005, April), “Real time accounting”, CPA Journal, Vol. 75, Issue 4, p16
  7. Bhansali, C. (2005) “Who needs a paperless office anyways?” Accounting Today, August, Paperless Supplement, Vol.22, pSR24 – Sr-24.
  8. Ghosh, Kumar (2000) “e-Commerce – A Survey of the State of B to B in India: a Long Road Ahead” Chartered Accountant, pp. 34-36
  9. Hotch, R. (1992) “Accounting: Financial Software” Nation’s Business, pp. 46.
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