In China, it is not until late 1970 that people started to use computers. Nowadays, \u00a0the continuing development of digital technologies are widely used into many aspects of management.<\/p>\n
In accounting, these technologies started from single entry accounting to comprehensive financial accounting, to integrated financial reporting. Accounting information system (AIS) improved decision-making and reduced organizational boundaries. Finance, business, and management functions supported by the Chinese AIS have become fully integrated.<\/p>\n
AIS has been moved\u00a0to complete automation of original vouchers, accounting vouchers, accounting records and statements, and financial reports. Now that enterprise resource planning (ERP) is widely used, processing information from accounting records to statements is fully automated.<\/p>\n
Organizations provide financial and accounting information through different channels for users to satisfy specific needs. Appropriate care is needed to ensure that accurate information is delivered while avoiding over disclosure, which might produce unnecessary security risks.<\/p>\n
The development of information technologies in China and the broad application of AIS will\u00a0bring business and accounting closer. \u00a0finance and accounting functions will become more closer to data processing department.\u00a0The demand for book-keeping will be decrased since the implementation of AIS.<\/p>\n
Source: http:\/\/economia.icaew.com\/en\/opinion\/january-2017\/how-it-developments-are-changing-accountancy-in-china<\/p>\n","protected":false},"excerpt":{"rendered":"
In China, it is not until late 1970 that people started to use computers. Nowadays, \u00a0the continuing development of digital technologies are widely used into many aspects of management. In accounting, these technologies started from single entry accounting to comprehensive financial accounting, to integrated financial reporting. Accounting information system (AIS) improved decision-making and reduced organizational … Continue reading How IT developments are changing accountancy in China<\/span><\/a><\/p>\n","protected":false},"author":1818,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-243","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"Fei Wang","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/wfphyl\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"In China, it is not until late 1970 that people started to use computers. Nowadays, \u00a0the continuing development of digital technologies are widely used into many aspects of management. In accounting, these technologies started from single entry accounting to comprehensive financial accounting, to integrated financial reporting. Accounting information system (AIS) improved decision-making and reduced organizational…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1818"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=243"}],"version-history":[{"count":3,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"predecessor-version":[{"id":246,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/243\/revisions\/246"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}