Year 2000: accountants in the firing line

Article Abstract:

The Year 2000 transition problem can expose accountants to serious liabilities. Although they are also subject to the same compliance issues covering other professionals, accountants are more greatly at risk because of their various roles, including advisers, auditors, directors, information technology consultants and even re-sellers of non-compliant accountancy software. In view of this threat, accountants should engage in legal risk management, which involves providing assistance for efficient compliance and minimizing their liabilities. If compliance work is covered by currently enforced contracts with suppliers, including maintenance or outsourcing, accountants should ask suppliers to cooperate in compliance efforts. Moreover, accountants should also check if they are covered by insurance, including business interruption, professional indemnity or product liability insurance.

Management, Software, Services, Year 2000 transition (Computers), Accountants, Accounting, Accounting software

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Time For Change

Article Abstract:

Accounting software may have facilitated routine operations but mergers and takeovers have and will necessitate upgrades or change. Despite the availablity of application service providers, the fears about security of stored data and data passed over the internet remain.

Computer software industry, Software industry, Safety and security measures, Outsourcing, Application service providers

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Towards geo-accounting

Article Abstract:

Powerful financial software can be linked to powerful mapping software to enable geo-accounting in business. A topological geo-balance sheet can use colored peaks and troughs in place of numbers to represent the accounts details of a company.

Product introduction, New Products/Services, Usage, Evaluation, Business management software, Banking/finance/investment software, Costing software

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