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Published by Afterschool.my on Feb 07, 2022, 03:59 pm
By Siti Aisyah Mohamed
Accounting is the process of recording financial transactions for a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. Accountants rely heavily on technologies for these processes. Before the Internet age, accountants rely solely on calculators, ledgers, and record receipts to process these financial transactions. However, nowadays, the advancements of computers technology and the World Wide Web have massively improved the speed and flow of tasks accountants can manage, enabling them to handle complex calculations unseen before the Internet age. Computer programs such as Microsoft Excel can be programmed to calculate for users with the right coding without the need to bring ledgers and calculators anywhere. Information can be stored in the cloud and can be accessed by any Internet-connected devices such as laptops, tablets, and even smartphones, bringing flexibility and accessibility to accountants.
As one of the many advantages of the Internet, accountants can do any business transactions without the need for any face-to-face interactions with their clients. Calculations of transactions can be made in Microsoft Excel and sent through email with a simple push of a button. The delivery will almost be instantaneous. Any new orders or jobs can simply be texted through the Whatsapp app for smartphones and can even be voice mailed. Nowadays with the dawn of 5G, a true high-definition online meeting is possible without any stutter or hiccups, with almost hundreds of participants can be in the same meeting if necessary.
For students that are studying in the field of professional accountancy, information or knowledge about their subjects can be obtained very easily. Students can simply search for the information by searching it up using a search engine such as Google or Yahoo and instantaneously multiple websites and research papers will be shown to them. Classes also can be held online for students in the comfort of their homes. This is the dawn of a new age for education as the future of education will be online education thanks to the rapid advancement of technology, with the added convenience of a learning experience tailored towards their schedule. Online students can choose to access their course information and complete their assignments at any time. This allows students to fit their study time around their work, family, and other commitments. This also means that students who wish to continue working while studying do not have to put their careers on hold.
At INTEC Education College, we encourage our professional accounting students to have digital skills especially in advanced spreadsheets and advanced presentations. These skills can be obtained through ICDL courses offered at INTEC. ACCA and ICDL have also signed a partnership together for its affiliate to have computer skills certifications from ICDL before qualifying as a chartered accountant. In the end, the rapid change of technology brings a lot of benefits to chartered accountants. Students need to be quick-witted and open to learning new things to keep up with the market demands of chartered accountants.
On the weekend of Friday 20th to Sunday 22nd October, 14 intrepid students of Kolej Yayasan UEM, as participants of the DofE Silver Award , in two groups of 7, set off on their first taste of adventure – the Silver Trial Expedition. This three-day, two-night expedition is a practice and training e..
Sunway College winners of the 2023 Outstanding Cambridge Learner Awards Ceremony with Ruth Cheah, Director of the Sunway College Cambridge A-Level Programme Young Malaysians have consistently demonstrated their remarkable ability to dominate global rankings, and the recently announced 2023 Outs..
Chong (third from left) receiving her certificate of achievement from Assoc Prof Dr Hazizi Abu Saad (second from left), Vice President of MASO.As an institution transitions into a university, the emphasis on research takes centre stage. This is why the achievement of TAR UMT’s PhD student in L..
After a First Runner-up finish in a tax competition she participated in last year, Tan Hui Theng from TAR UMT was motivated and even more determined to finish higher in the Ernst & Young Young Tax Professional of the Year (EY YTPY) 2023 Malaysia. This time, she succeeded in emerging as the winne..
Ms Josephine Ong (rightmost), representative from MDEC presenting the PDTI certificate to Asst Prof Dr Wong Thein Lai (leftmost), Deputy Dean of FOCS, Asst Prof Dr Lim Li Li (second from left), Dean of FOET and Ms Dearna Kee June Chen (second from right), Dean of FCCI.Recognising its excellence in d..
Mr Ling (left) receiving the President’s Award on behalf of his daughter from Prof Ir Dr Lee (right).TAR UMT’s September 2023 Convocation Ceremony on 9 - 10 September 2023 was conducted in its usual celebratory fashion, but this time it was capped with a special moment that exempli..
On 20th October 2023, KYUEM’s batch 26.0 hosted their Cultural Performance Night 2023 (CPN) presenting a night of fun that emphasised unity amongst diversity. The CPN celebrated the diverse and rich cultures in Malaysia. The night started sharp at 8 pm at the Great Hall. The festivities b..
The first thing you hear about the appeal of KYUEM is its university connections and ability to provide you with a bright future but the second is the range of events that the school holds. Amongst these are Housetrips, which are among the most anticipated events of the year. This Garnet Housetrip a..
On October 21, 2023, around 90 Sapphire members embarked on a trip to Eco Venture Resort & Retreat in Semenyih. Upon arrival, we received a warm welcome from the facilitators. Prior to our first team-building activity, we divided into 10 groups, each consisting of 9 members, and assigned a team ..
On the 7th of October, Kolej Yayasan UEM’s (KYUEM) Indian Cultural Club (ICC) held its Colour Run, a flagship event that takes inspiration from the traditional Holi festival. The event was joined by students of all races and ethnicities, in line with the nature of the Colour Run.The event star..
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