The future of IT and the accountant
Article Abstract:
Information technology (IT) has facilitated centralized forms of management and has created the need for new forms of auditing the information processed through computers. The British government has funded the Alvery program to enhance and integrate applications of IT. The Alvery program has invested large amounts of money in: particularly concerned with: software engineering, expert systems, the man-machine interface, VLSI (very large scale integration), and advanced network research. The effects of IT on the accounting profession and the accountant's services are discussed, including: the automatic recording of financial events as they occur; staff reductions in the data processing and accounting areas; the increasing number of treasury responsibilities; and the increasing amounts of technical data available to IT users, including the accountant.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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Turn again, professor Whittington
Article Abstract:
The Accounting Standards Board (ASB) should not base standard setting on the decision-usefulness of information derived from financial statements. Providing data necessary to rational economic decision making will not necessarily result in greater economic effectivity owing to the possibility of a vulnerable and defect-prone competitive position. The value that decision-usefulness possessed during the days of the Accounting Standards Committee cannot apply and hold automatically true for the ASB. Standard setting cannot be regarded as a neutral exercise by the ASB since financial statements are seldom free from bias. Wealth transfers are left unaddressed while prudence in financial reporting is inadequately discussed by the ASB.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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The price of everything and the value of nothing?
Article Abstract:
An opinion that the International Accounting Standards Board's stated definition for the term 'fair value' in terms of exit price would drastically alter financial reporting is presented.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2007
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