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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.
[6th from left] Ts. Lim Hui Yan, Executive Director, Gamuda Engineering and Head of Yayasan Gamuda with 2023 scholars, said the Gamuda Scholarship empowers students with financial aid, professional development, and career placement opportunities within Gamuda. The inflating cost of living and h..
Embarking on the journey of higher education often entails navigating countless possibilities, each holding the potential to shape one’s career trajectory. Like the flutter of a butterfly’s wings setting off a chain reaction, Alicia Raveena’s transformative decision to shift from pharmacy to n..
On March 22, 2024, the Asia Pacific University of Technology & Innovation (APU) and nine other esteemed public and private universities made a pivotal commitment to adopt immersive learning modules offered by CelcomDigi Metaversity. This groundbreaking initiative, unveiled in Petaling Jaya and o..
In alignment with its commitment to global educational advancements and the fortification of its digital learning ecosystem, the Asia Pacific University of Technology & Innovation (APU) proudly welcomes Dr Kelly McKenna, an Associate Professor in the Adult Education and Training Master's Deg..
They say that the apple doesn’t fall far from the tree, and it holds truth in the case of Nur Izzati Abdul Ghaffar, with her journey into the world of chemistry being a prime example. Growing up surrounded by the influence of her scientist parents, who were both overseas graduates, it was almo..
Asia Pacific University of Technology & Innovation (APU) continued to extend its tradition of winning awards by achieving multiple successes under the Malaysia Digital Economy Corporation (MDEC)’s Premier Digital Tech Institutions (PDTI) Outstanding Awards 2023, which were announced on 21s..
Global cybercrime damage costs are expected to grow by 15% per year over the next two years, reaching 10.5 trillion USD annually by 2025. Depending on the crime, victims can lose as much as 108,479 USD. Over the last two decades, we have adopted various smart technologies that have brought many..
As Malaysia continues to grow economically, the demand for skilled financial analysts also increases, be it in banks, insurance agencies and wealth management firms. Their primary duties include gathering data, tracking market movements, recognising trends and offering recommendations to clients.Fin..
The Institute of Chartered Accountants in England and Wales (ICAEW) mission to work on behalf of public interest and build sustainable economies, has led to the professional organisation advocating for greater leadership around issues covered by the United Nations’ Sustainable Development Goals (S..
Wawasan Open University (WOU) offers a transformative digital bootcamp to empower learners with essential 21st-century skills for success in today’s world.Transitioning from secondary school to university can be a confusing time. Which career path should you take? Which courses should yo..
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