This article investigates the weak points of the usual accounting system used in companies using Internet in performing their commercial and financial transactions. According to the results of this study, in order to reach an effective and applicable...
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This article investigates the weak points of the usual accounting system used in companies using Internet in performing their commercial and financial transactions. According to the results of this study, in order to reach an effective and applicable improvement in the accounting system first it is needed to prepare a suitable foreground including professional internet equipment and feasibilities. Electronic commerce rules and regulations specialized and appropriate soft wares in electronic commerce and solid and compiled systems capable of providing and enforcing security in inland and overseas internet commerce. The next step is to compile and complete accounting standards for internet electronic commerce with an eye on the user’s approach towards it. Electronic commerce is called the industrial revolution of the twenty first century which still has not revealed its marvels fully. This is while internet which was born in the twentieth century is expanding and progressing speedily. El
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