Presentation Date: Saturday August 1, 2009
  Presentation Time: 8:00 am-12:00 pm

CPE Session 05

The Impact of Web 2.0 on Financial and Business Reporting

Presented By:

Gerald Trites, University of Waterloo

Description: The purpose of this workshop is to explore the ways in which Web 2.0 components, like Twitter, Facebook, Second Life and other social networking functionalities are now being used for Financial and Business Reporting and the implications. The session will begin with a look at the current use of the internet for corporate reporting, then extend that into the current use of Web 2.0 functions for such reporting. Exactly what these functions are and how they work will be presented and tied into the use of mobile devices like the iPhone and Blackberry. Then the group will discuss the implications of these trends for the content and form of Financial and Business Reporting. The medium may really be the message.

Field of Study: Accounting
Program Level: Basic

Intended Audience: 1. Researchers on corporate financial and Business Reporting 2. Instructors in Accounting Information Systems who are interested in future directions 3. Any professors teaching financial and business reporting including future trends 4. Any interested in the inmpact of technology on corporate reporting

Format/Structure: 1. A summary of the current use of the Internet for Corproate Reporting 2. A description and display of Web 2.0 functions like Twitter and Facebook 3. Examples of how these functions are being used on the Web and mobile units 4. A discussion of how the Web 2.0 functions can be extended in use - how this is likely to happen 5. A discussion of the possible impact of these trends on the actual content and form of corporate reporting

Learning Objective: 1. Describe Web 2.0 applications and how they are being used for corporate reporting 2. Understand where to look for corporate reporting examples within Web 2.0 applications 3. Identify specific trends in corproate reporting that are being affected by these technologies 4. Identify furure changes in corporate reporting likely to flow from Web 2.0 and mobile technologies.

Prerequisites: none

Advanced Preparation Required: none

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