Question

Do you feel that technology has made it extremely easy for both financial accounting and managerial accounting?

Answer 1

Yes , technology has made both financial accounting and managerial accounting easy.

Because of the existence of advanced softwares like quick books ,tally erp etc ,using these software the book keeping has become way easy.

These softwares also provide cloud based access . That is data can be accessed by sitting any were in the world .This helps the branches located in different places to access the data and have control over the efficiency and over all performance of the organization.

With the advancement in technology there are efficient and improved transaction control. Such as online banking transaction , use of debit and credit cards etc

Thus we can say technology has made financial and managerial accounting easy.

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