What are passkeys? A cybersecurity researcher explains how you can use your phone to make passwords a thing of the past
Passwords could soon become passé.
Apr 13, 2023
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Passwords could soon become passé.
Apr 13, 2023
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Social media platforms now cope with a sobered-up user base. Users are aware the platforms can render them lab rats for marketeers. They are also in a sobered-up world, hearing out critics who suggest excessive use is replacing ...
An innocent, seemingly fun and engaging social media trend has been popping up on news feeds. In an act of solidarity with high school seniors who were finishing out their final semester at home due to the coronavirus stay-at-home ...
May 20, 2020
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Moscow on Friday rolled out a facial recognition payment system in the city's metro system, part of a rapid expansion of the controversial technology in Russia.
Oct 15, 2021
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Highly sensitive tax returns, contracts and bank statements were among 75,000 "deleted" files recovered by cybersecurity researchers as part of an Abertay University investigation into the risks of selling used USB drives ...
Nov 4, 2020
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Google says it only records interactions with connected devices like the Google Home speaker when we use the "wake word," of "Hey, Google," or "OK, Google."
Jan 4, 2020
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Two types of people thrive in the distant hidden recesses of the Dark Web. One type consists of the good guys: whistleblowers, freedom fighters, journalists, the intelligence community and law enforcement agencies, all generally ...
Social bots, or automated social media accounts that pose as genuine people, have infiltrated all manner of discussions, including conversations about consequential topics, such as the COVID-19 pandemic. These bots are not ...
Nov 24, 2021
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Online shopping is more popular than ever, with global e-commerce sales expected to hit $5.5 trillion in 2022, according to eMarketer.
Nov 25, 2022
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As Twitter keeps changing, misinformation experts are watching closely, hoping to offer tips on how to spot the difference between official accounts and the impostors.
Nov 16, 2022
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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