Abstract
There has been a constant growth in the use of information and communication technology in business to support the exchange of data and information within and between organizations. New technologies, like the Internet and mobile solutions, have provided new business & employment opportunities and operations. According to IFAC, E-business is believed to have a significant impact also on accounting systems. The perceived impact is felt in the areas of storage of data, both with respect of medium of storage & volume of storage. Transfer & transmission of data with refer to speed, accuracy & availability of technology use to newer perceptions, concurrent availability of data which hither to was not so easy, more control over the affairs and so, quick & scientific decision making has become possible.
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