Teleconferencing and videoconferencing can be defined as the holding of meetings in which the participants are in different places but are connected by audio and video links (Microsoft Encarta, 2008). Advances in information technology in the aspect of videoconferencing have made it easier for business executives to effectively communicate and maintain business relationships with their contractors, executives and employees in other locations (Greenhouse, 2008).
Teleconferencing and Accounting firm
In accounting, teleconferencing provides a profound effect in that it ensure speedy decision making and enhance the quality of those decision in the sense that both party can evaluate the quality and efficiency of the information that is being pass across simply because the media allow the transmission of both audio and video simultaneously. This technology also aid account processes and decision in that it reduces the cost and the amount time required to travel from one location to another. Recent development also favours the development of networks of teleconferencing that not only allow audio and video but also allow multiple users at the same time.
Teleconferencing also provides an avenue for accounting firm to actually collaborate whenever there is a need to empower and harness teams work between accounting firms from different locations. This will give them the opportunity of increasing their productivity and result in the reduction of time required for them to market their products and services. It delivers face to face connections which help enhance communication between accounting firms. It application can be considered to be effective in that it has been used to deliver speeches at some conferences (Ferguson, 2006).
Collaboration can be considered to be an effective key in achieving organization success. It has been found to create an enabling environment for firms to harness the power of effective interunit relationships. Some of other advantages of this strategy are that it creates integrated and tighter relationship between customers, suppliers and partners. Video conferencing has been found to be an effective tool simply it tend to remove obstacles such as geographical boundaries, creates a means that helps the employee or the executives discuss frequently without disparity and deliver competitive advantages to the accounting firm. Video conferencing can also improve on areas of sales, research and development, and human resources (Stofega, 2007).
The major ethical consideration is in regards to the issues with hackers who are likely to be a major threat. Accounting firm providing this collaborative tool of video conferencing must ensure that they provide network monitoring tool that can help them monitor their business transaction and can notify them of any threat associated with hackers. Issues with compatibility with device is also a threat to the development of teleconferencing in that it limit it application and does not favour interconnectivity between different devices and network. Some other issues with this technology is that it participants might not actually be able to recall or understand what other people are saying at a particular point unlike having a hardcopy of the materials they are meant to discuss.
Halabi, A., Tuovinen, J., & Maxfield, J. (2000). “Evaluation of Educational interactions in accounting Tele-Teaching”.
Retrieved July 25, 2009 from www.ascilite.org.au/conferences/coffs00/papers/abdel_halabi.pdf
Greenhouse, S. (2008) “Outsourcing.” Microsoft® Encarta® 2009 [DVD]. Redmond, WA: Microsoft Corporation, 2008.
Stofega, W. (2007). “Seeing is Believing: The value of Video Collaboration”. Polycom
Retrieved July 25, 2009 from www.idc.com