Electronic business is any business transaction or information exchange that is executed information and communication technology. E-Business is expected to grow significantly over the coming years. It provides opportunities for a company to expand sales throughout the world and may lower costs significantly relative to paper based transactions.It also facilitates value-chain supply management. Management accountants need to understand the benefits and risks of e-business as well as its opportunities. They also play a vital role in providing relevant cost information concerning e business. for example, managers may need to know the cost per electronic transaction versus the cost per paper transaction.