E-Commerce

The implications of electronic commerce (e-commerce) are the biggest issues facing most accounting organizations in the 21st century. "E-commerce is the use of information technology and electronic communication networks to exchange business information and conduct business transactions in electronic, paper less forms." This definition illustrates that e-commerce is just commerce that now uses more electronic forms of communication (such as the Internet and E-mail) as opposed paper, face-to-face, telephone, television, or more traditional forms of communication. Due to the increase in speed, availability, and reduction of cost, this form of commerce has becom...