The accounting journal is nothing more than a simple data warehouse. The direction of the transfer or resources in a transaction (from a credited account to a debited account) is only one dimension of a potentially multi-dimensional database, allowing the analyst to to view financial behavior through many different critical factors.
Another connection that needs to be made between the accounting world and the data processing industry is the recognition that the accounting journal is a powerful and complete form of event processing. Each transaction recorded in the journal is an event that is part of the history of a business organization.
The ability to do financial analysis is stunted by the inability of the accounting and IT professions to cross-fertilize their respective skills.
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