Electronic data processing: Difference between revisions

Revision as of 07:10, 11 January 2015

Revision as of 12:14, 19 February 2015

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Literature on computers and EDP was sparse through articles appearing in accountancy publications and material supplied by the equipment manufacturers. The first issue of [[The Computer Journal]] published by The [[British Computer Society]] appeared in mid 1958. The UK Accountancy Body now named The [[Association of Chartered Certified Accountants]] formed an Electronic Data Processing Committee in July 1958 with the purpose of informing its members of the opportunities created by the computer. The Committee produced its first booklet in 1959, An Introduction to Electronic Computers. Also in 1958 The [[Institute of Chartered Accountants in England and Wales]] produced a paper Accounting by Electronic Methods. The notes indicated what appears capable and the possible implications of using a computer.

Progressive organizations attempted to go beyond the straight systems transfer from punched card equipment and unit accounting machines to the computer, to producing accounts to the trial balance stage and integrated management information systems. New procedures redesigned the way paper flowed, changed organizational structures, called for a rethink of the way information was presented to management and challenged the internal control principles adopted by the designers of accounting systems.<ref>Mitchell R. baba Control with a Computer. The Accountant 3 November 1962.</ref> But the full realization of these benefits had to await the arrival of the next generation of computerscomputers—°

== Today ==