The book reflects how information technology (IT) is altering the very nature of accounting, discussing how developments such as the Internet, electronic commerce, EDI, databases, and artificial intelligence are fundamentally transforming the way organizations conduct their business activities. Streamlined presentation condenses coverage into nineteen clear, tightly-focused chapters. Increased coverage of business strategy introduces basic strategies and strategic positions in Chapter 1. Enhanced coverage of e-commerce explores FEDI and control issues as well as IT support of e-commerce. For accountants interested in updating their skills.