Information Technology (IT) and its Role in Accounting Practice

Today, business world is changing rapidly. Frequent investments and rapid pace of changes in information technology (IT) are reasons for globalization. Organizations are reacting to a wide range of ITs through different practices and with varied proportions based on opportunities and bottlenecks faced. Objectives of this paper are to focus on effects related to organizational changes of IT on performance of management accounting and to help knowledge recognize to what extent the spread of IT can influence empowerment of accounting practice and function. Relationships between IT and accounting practices are examined qualitatively and, also, effects of IT on accounting practice and functions are measured.