Evaluation of Zephyr Teachout's Article “Will the Web Kill Colleges?”

The article brings to some interesting views on the futures of colleges and the experience that goes along with that first important step into adulthood. He brings some serious points to the argument. First, the traditional college experience versus an online college experience. Next, the quality of the online course information, as well as, having a tenured professor or an average non-degreed person teaching/monitoring a course. Then, he asks the question “Will employers take a person with an online degree just as serious as a traditional means degree?” Will they hold the same water so to speak? And finally, he weighs the pros and cons of the cost of
Along with the large amounts of manual labor and repetitive, almost mindless work, there existed a risk potential for error in the data, both in recording the data accurately and in calculating the results. These errors carried forward, polluting the data and making it more difficult to understand the reality of business results for managers, owners, and investors (eHow. 2012). Now that I have given a brief history of how accounting/bookkeeping was manually performed. Let’s look at how the internet will affect accounting in the future and then the risks involved in implementing the future in this business.

How the internet will affect accounting. Accounting evolution will depend on developments in the Internet and electronic commerce. Accountants will have to use technology to record, analyze, and forecast business activity in an online real-time mode. The future is in remote computer-based accounting services. Remote tax consulting services, remote bookkeeping, remote financial statement preparation, remote auditing, and continuous processes are progressively emerging as realistic services that may even make a profit. The scope and nature of these services, initially mainly a mutation of traditional services, are rapidly evolving. So, say goodbye to ledgers and T-Accounts and hello to computer data based accounting (Kogan, Sudit, Vasarhelyi. 2009). After all this boring information on how accounting was historically done on paper and