The first applications of IS was related to accounting (Brandly et al., 2001; Shields, 2001) and their purpose was
to automate some basic accounting operations such as data input, sorting, and other basic calculations. Major
application types of this era were spreadsheets, word processing and statistical packages (Bean and Medewitz,
1987). As Ellis (1986) states, during this first stages there was not a truly change in the nature of the work of an
accountant but a carrying out of work with massive technological support. In the next years, new software types
were added such as databases management software, communication applications and the first integrated accounting
software applications were emerged changing the landscape. As the technology continues to evolve, new types of IS
were emerged such as the management information systems and especially the accounting information systems
which brought new challenges and opportunities for accountants which changed totally the way accountants work.