Xacc210 Dq1 Week 1

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Submitted By rere1314
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What do you foresee for electronic billing and payments in the future? How safe do you think your organization’s information is on the Internet? Why? How does an employer balance its right to control and monitor e-mail and Internet use against the employee’s right to privacy? What are some of the challenges facing the accounting profession when doing business on the Internet?

As a child I remember everyday getting off the school bus and retrieving the mail, a nice big stack, and walking down my quarter mile dirt driveway, where I'd place the stack on the counter. My father would arrive home around 5:00 PM while I sat at the kitchen table engulfed in my nightly homework and he shuffle through the stack of mail, sorting it into piles. He'd comment once in a while “Ha! You kids want to grow up? For what? It's no fun, to go to work each day to pay bills!” He'd show us his stack of “Personal Mail” and his stack of “Bills”, and there was most definitely a difference in size. This does not occur in my home, to my children. They look at me like I have ten heads when I tell them such stories of my childhood. Although electronic billing and payments has just begun within the last decade or so, it has definitely become more common and I believe it will become the norm. As it is currently most companies give you the option to receive a monthly “paper” statement or to go “paperless” adding in that they are “Going Green”! I believe eventually their will be no option and instead no “paper” bills will be available, unless of course you print one yourself. I think it in many ways it is magnificent to go paperless, for instance the amount of trees it saves. However, I think everyone should still be given the option. I also think that this could cause an abundance of unemployed individuals. There are definitely pros and cons to this, just like everything else in life.…...

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