Importance of Information and Communications Technology (ICT) in Balance Sheet Categories Training

Abstract

The paper discusses and examines the importance of information and communication technologies (ICT) in the contexts of balance sheet categories training. In the contemporary education ICT has an important role. It is the most widely spread technology of the modern age which represents the basis for economy and knowledge society in the 21st century. The society should accept the challenge of new technologies, creating new knowledge as the most important supporting pillars of the knowledge society. The promotion of a knowledge society requires radical changes of the school system in general, and a new concept of school as a ‘learning community’. Implementation of ICT are positively associated with increased productivity in the learning process and better performance of educational tasks. Therefore the educational institutions should be flexible, adapt to new changes, constantly learn and introduce innovations. The introduction of ICT to the accounting courses teaching process allow professors and students to have adequate access to all accounting and balance sheet categories, such as resources, liabilities, equity, income and expenses, and understanding of the inter-correspondent relationships in the preparation of accounting balance system equations and balance sheet categories flow based on the equilibrium state of main groups of balance sheet categories. This will make students become adequately equipped with the competences they will need on the labor market.

DOI: 10.5901/mjss.2015.v6n2s5p347