Elon Musk reportedly demands Tesla, SpaceX employees return to the office
Elon Musk reportedly wants employees at Tesla and SpaceX to return to the office or find another job.
Jun 02, 2022
0
4
Business
Elon Musk reportedly wants employees at Tesla and SpaceX to return to the office or find another job.
Jun 02, 2022
0
4
Security
We use internet-connected devices to access our bank accounts, keep our transport systems moving, communicate with our colleagues, listen to music, undertake commercially sensitive tasks—and order pizza. Digital security ...
May 27, 2022
0
22
Computer Sciences
In October 2017, tech giant Yahoo! disclosed a data breach that had leaked sensitive information of over 3 billion user accounts, exposing them to identity theft. The company had to force all affected users to change passwords ...
May 27, 2022
0
64
Business
Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount.
May 27, 2022
1
19
Business
The Russian subsidiary of US tech giant Google said Thursday it will file for bankruptcy after authorities seized its bank account following a series of spats with Moscow.
May 19, 2022
0
6
Business
Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers.
May 18, 2022
0
9
Internet
Elon Musk's pausing of his bid to buy Twitter due to questions over "bots" has put the artificially-operated accounts at the heart of the proposed deal's latest controversy.
May 18, 2022
0
13
Business
Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying "spam bots." Now he's arguing—without presenting any evidence—that there might be just too many of ...
May 17, 2022
0
8
Business
Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.
May 17, 2022
0
5
Business
Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary "hold," raising fresh doubts about whether he'll proceed with the $44 billion acquisition.
May 13, 2022
0
3
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable. The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing.
Accountancy is defined by the Oxford English Dictionary (OED) as "the profession or duties of an accountant".
Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof."
Accounting is thousands of years old; the earliest accounting records, which date back more than 7,000 years, were found in Mesopotamia (Assyrians). The people of that time relied on primitive accounting methods to record the growth of crops and herds. Accounting evolved, improving over the years and advancing as business advanced.
Early accounts served mainly to assist the memory of the businessperson and the audience for the account was the proprietor or record keeper alone. Cruder forms of accounting were inadequate for the problems created by a business entity involving multiple investors, so double-entry bookkeeping first emerged in northern Italy in the 14th century, where trading ventures began to require more capital than a single individual was able to invest. The development of joint stock companies created wider audiences for accounts, as investors without firsthand knowledge of their operations relied on accounts to provide the requisite information. This development resulted in a split of accounting systems for internal (i.e. management accounting) and external (i.e. financial accounting) purposes, and subsequently also in accounting and disclosure regulations and a growing need for independent attestation of external accounts by auditors.
Today, accounting is called "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. Accounting that provides information to people outside the business entity is called financial accounting and provides information to present and potential shareholders, creditors such as banks or vendors, financial analysts, economists, and government agencies. Because these users have different needs, the presentation of financial accounts is very structured and subject to many more rules than management accounting. The body of rules that governs financial accounting in a given jurisdiction is called Generally Accepted Accounting Principles, or GAAP. Other rules include International Financial Reporting Standards, or IFRS, or US GAAP.
This text uses material from Wikipedia, licensed under CC BY-SA