Which is probably the most significant effect of database technology on accounting?
A)replacement of the double entry-system
B)change in the nature of financial reporting
C)elimination of traditional records such as journals and ledgers
D)quicker access to and greater use of accounting information in decision-making

Question

Quizplus · Accepted Answer

With the implementation of database technology, accounting information can be easily accessed and utilized for decision-making purposes. This speeds up the process of obtaining information and allows for more informed and timely decisions to be made. While the technology may enhance or streamline certain accounting processes, it does not necessarily replace the double entry-system or eliminate traditional records such as journals and ledgers. The nature of financial reporting may change to some extent, but this is not the most significant effect of database technology on accounting.

Which Is Probably the Most Significant Effect of Database Technology