Discuss Online Reporting as a “Back Bone” in Service Industry

Pages:140-141
Nalla Girish (Department of Computer Science, CMJ University, Shillong)

Technology has altered irreversibly not only the physical medium of corporate financial reporting but also its traditional boundaries. Paper reports are being supplemented and, for many users, replaced by electronic business reporting, primarily via the Internet. And while we accounting standard-setters have, even to this day, tended to focus primarily on the traditional financial statements and related note disclosures, investors and lenders have moved far beyond that.