Impact of Information and Communication Technology on Accounting Procedure and Systems in Corporate Organizations

Abstract

organizations. The study reviews many resources and related literature about the impact of information technology on the accounting procedure to determine the main effects, enhance the development of these technologies to strengthen the APS, and reduce the errors in this system. The study conclude that information technology innovation contributed to the development of corporate accounting systems, improved business performance, and helped the emergence of cloud accounting, and one of the most important downsides of employing information technologies in APSs is the lack of standardized technologies used in all systems, as companies are usually selective in choosing technologies that suit their activities and this weakens the transparency of the outputs of APSs. Hence, now it is the time to think beyond the curtains and ensure proper implantation and maintenance of information and communication technology.