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RE: THE DOWNSIDES OF TECHNOLOGY ON FINANCIAL ACCOUNTING

in #stemng7 years ago

@Rubies, thanks for making us know the disadvantages of technology in Accounting, but I must tell you that Technology has done more good than harm in the field of accounting. Technology advancement has enhanced its various ways of application. Financial information is the most sensitive part of Accounting which people seems to ignore sometimes. Last week, I nearly got defrauded, I wanted to sell some steem, the guy arranged a fake bank alert and scan a fake bank statement to me, claiming that he had paid and expect me to send the steem to him. Thank God that I have access to my online financial statement, that was what safed me.

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You are correct @oluwabori. A Financial statement is an important instrument for hackers, it can be manipulated to suit their purpose once they can access it. Thanks for reading my post.