Flight tracking exposure irks billionaires and baddies
How to upset Russian freight companies, Elon Musk, Chinese authorities and Kylie Jenner in one go? Track their jets.
Aug 7, 2022
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How to upset Russian freight companies, Elon Musk, Chinese authorities and Kylie Jenner in one go? Track their jets.
Aug 7, 2022
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Back in 2009, threat actors hacked into the website servers of social app RockYou, accessing over 32 million user passwords stored in plaintext. Now, in what appears to be the largest data breach in history, attackers have ...
When Matt Danzico began seeing cryptocurrency logos in the packaging of grocery store items, he knew he had a problem.
Nov 4, 2021
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Nintendo has said it will no longer sell games in Russia through its online store as the Japanese giant winds down operations in the increasingly isolated country.
Jun 1, 2023
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Two security sleuths last month discovered an enormous amount of data that was left exposed on a server. Data found on the server belonged to around 1.2 billion people.
Ring, Nest, SimpliSafe and eight other manufacturers of internet-connected doorbell and security cameras have been alerted to "systemic design flaws" discovered by Florida Tech computer science student Blake Janes that allows ...
May 27, 2020
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Disinformation campaigns are not new—think of wartime propaganda used to sway public opinion against an enemy. What is new, however, is the use of the internet and social media to spread these campaigns. The spread of disinformation ...
May 28, 2021
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If you search "shrimp Jesus" on Facebook, you might encounter dozens of images of artificial intelligence (AI) generated crustaceans meshed in various forms with a stereotypical image of Jesus Christ.
May 20, 2024
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Maybe it's the pandemic doomscrolling, the unsettling revelations about how toxic Instagram is for teenage girls, or you are just craving more time for IRL moments with the people you love and less time oversharing your life ...
Sep 20, 2021
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One after another, grocery stores are shutting down in rural Sweden, leaving villagers to travel miles to buy food. But a new type of shop has sprung up in their wake: unmanned supermarkets in mobile containers.
May 23, 2021
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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