The document discusses the history and evolution of accounting technologies. It describes how ancient civilizations first used tokens and clay tablets to record economic transactions. Double-entry bookkeeping was developed in Italy to track increased trade. Accounting was mechanized with cash registers and tabulating machines. Mainframe computers were introduced in the 1940s and software now automates accounting processes. Emerging technologies include cloud-based accounting applications and enterprise resource planning systems to integrate business operations. Social media is also used by accountants to communicate with clients on mobile devices.

1. General Accounting
Introduction to Accounting
Technologies

2. Advances in
Accounting
Technology
2
• Small tokens were used by the ancient
civilization in keeping track of their
economic actions
• Sumerians and Egyptians documented
their business transactions on papyri
and clay tablets
• The Greeks and Romans used numbers
and letters
• The Romans also instituted a record
keeping system

3. Advances in
Accounting
Technology
3
• A double entry bookkeeping system was
devised in Italy in response to an
increased importance on trade and
commerce.
• Mechanization of accounting process
started with the use of cash registers,
posting machines and accounting
machines.
• Hollerith’s punch card system and IBM’s
tabulating machine were then developed.

4. Advances in
Accounting
Technology
4
• First generation of mainframe business
computers were introduced during the
World War II
• Era of transistor technology replaced
the earliest version of computers
• Age of software, hardware and LAN
technology

5. Technologies
Used in
Accounting
5
• Software
• Accounting, audit, word processing and
graphics software
• Documents and processes accounting
undertakings such as accounts payable,
and receivable, trial balance and payroll
• Three types of accounting system
software are turnkey systems, backbone
systems and vendor-supported systems

6. Technologies
Used in
Accounting
6
• Cloud Technology
• Off-site web hosting or cloud is among
the emerging innovations in accounting
applications.
• Through this, enterprises will be spared
from expenses associated with
purchasing and maintaining software
and hardware

7. Technologies
Used in
Accounting
7
• Enterprise Resource Planning
Applications
• Software packages that use relational
database technology to incorporate
several parts of an entity’s
information system

8. Technologies
Used in
Accounting
8
• Customer Relationship Management
Applications
• Pertains to the measures, schemes
and technologies that entities employ
in order to supervise and assess
customer interactions and data

9. Technologies
Used in
Accounting
9
• Social Media
• LinkedIn and Facebook are among the
social media platforms that are
frequented by accountants and other
business executives.
• Mobile Devices
• Professionals correspond with their
clients, either through text messages or
emails, using their mobile devices

10. Good fortune is what
happens when
opportunity meets with
planning.
- Thomas Alva Edison
10
BKM Sowan Horan, LLP
15301 Dallas Parkway, Suite 960
Dallas, Texas 75001
Phone: 214-545-3965
Fax: 214-545-3966
www.bkmsh.com
For more information about Introduction to Accounting Technologies, please visit: http://bit.ly/BKMSH-Accounting-Technologies