Discuss the importance of RFID to accounting information systems

Discuss the importance of RFID to accounting information systems

RFID has seen an enormous growth in business. For example, Wal-Mart has been a big user of the technology.

Discuss the importance of RFID to accounting information systems:

The below are just some questions to help with the discussion. I need a complete discussion regarding RFID. Thank you!

1. What is RFID?
2 . Who uses it, and what are it’s benefits?
3. What security issues does it pose for accounting systems?

…………………Answer Preview………………..

RFID refers to a type of technology in which electromagnetic waves are used for the transfer of data. It identifies the tags that represent each object. The tags contain information that is stored in an electronic form. RFID technology allows the user to track their objects and attach the necessary information that concerns the product. RFID is used by industries and pharmaceuticals in order to automatically identify and capture data. The technology can be used in different industries including…..

APA

325 words