Assessment of New Technology

With every piece of new technology, there are always advantages and disadvantages that affect the people or the career. This includes accounting, which also has disadvantages and advantages with its new technology. Although the accounting software and new technologies applying to accounting make it more efficient, it also eliminates jobs due to the fact that technology overtakes some jobs. Since accounting is for the most part computerized, people aren’t needed as much for the more traditional accounting jobs and since it is faster, there are less people needed to do it. That is the disadvantage of the more advanced technology, people aren’t needed as much because the technology acts almost as a worker only it does it faster, neater, and overall more efficiently.

The advantage of the technology is relatively obvious. Although it eliminates jobs, it is far more preferred in the industry to do it faster so that they can do more and help more people with their accounting problems, allowing for more business, and essentially more income. It also is less likely to make mistakes than a person, so it also allows for more accuracy and with more accuracy, people will be more likely to return for the services.

So, the advantages overrule the disadvantages and the technology is very important for accounting firms everywhere. This is similar to most technologies in the workplace, the generally have the disadvantage of taking away jobs, but the advantage of making the job go more smoothly and faster, and they usually help the business to run better and improve the overall goal of making money.