Computers have drastically altered the way accounting records are maintained. Almost all businesses now keep the bulk of their accounting records on computers. However, the financial statements are still prepared methodically on only a quarterly and annual basis (for public companies). What types of changes in companies’ financial statements are likely to occur over the next 10 to 15 years as a result of the increasing ability to disseminate -information online?
Computers have drastically altered the way accounting records are maintained. Almost all businesses now keep the bulk of their accounting records on computers. However, the financial statements are still prepared methodically on only a quarterly and annual basis (for public companies). What types of changes in companies’ financial statements are likely to occur over the next 10 to 15 years as a result of the increasing ability to disseminate -information online?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Computers have drastically altered the way accounting records are maintained. Almost all businesses now keep the bulk of their accounting records on computers. However, the financial statements are still prepared methodically on only a quarterly and annual basis (for public companies). What types of changes in companies’ financial statements are likely to occur over the next 10 to 15 years as a result of the increasing ability to disseminate -information online?
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