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Accounting

Accounting measures and evaluates financial information for a business or an individual household, such as assets, liabilities, revenue, expenses, and more. Accounting professionals are often in charge of payroll, retirement plans, inspecting financial records, allocating resources, and ensuring the balance sheets of the organization are correct in order to properly inform business decisions.

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Artificial Intelligence
The Technological innovations of machine learning and AI will shape the world of accounting into a better and enhanced form.
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Get Certified for a Job in Cybersecurity
Get Certified for a Job in Cybersecurity

Want an exciting career in an emerging field? Earn your MS in Cybersecurity and get certified in ethical hacking or computer forensic investigation. WGU’s MSCSIA degree program was designed to meet the most recent U.S. Department of Homeland Security (DHS) and NSA guidelines.  

Here is why.
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Debits & Credits have been the foundation of financial record keeping since 1494 - over 500 years. Excel is a brilliant tool for leveraging this ancient power - not least with Pivot Tables, sorting and filtering. This article seeks by illustration to offer a practical demonstration of the theory.
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TRUST
Gain an elementary understanding of Blockchain technology.
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Expert Comment

by:sitg
Comment Utility
One of my friend having the following query

How is it different from a centralized server handling all transactions with encryption. Why the fuss in real world usage. Can you shed some light cos i never got the idea.
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Author Comment

by:David L. Hansen
Comment Utility
sitg,

There are several differences between a centralized server (using encryption) and the blockchain process. Here are the two biggest differences though:

First: Multiple distributed servers. When there are many servers around the world who all have to agree to the transaction you're attempting to make, the difficulty in faking a bad record (or changing a good one) becomes far more difficult because you need to attack all the servers at the same time.

Second: Chained records. Even if you get lucky with the first step (attacking all servers) and make it into the records of all servers at the same time by using some amazing hacking tools, now you have to alter every record in the stack. You see, you can't just change one and be done. You have to alter each of the records because their signatures are derived from ALL the previous ones. It's like replacing a child in a family with some random person. It won't work because they need to look like their parents (and the parents need to look like the grandparents). The child is derived from the parents' DNA (or signature) and gets a new DNA which is easily distinguished as being in the family (or not, if it's being faked).

An interesting side-effect arises from those two features...Let's assume you pull off both of these really tough challenges. You are still not out of the woods. Let's keep with the analogy and say this particular blockchain is an Asian family. You successfully change the child and the entire family, including grandparents, to Latino. All is well, you're in the clear right? Not so fast, someone you've never met presents a portrait of the family which they took sometime ago (a backup of the blockchain - even an old one) and they say, "Wait, this family is supposed to be Asian. "Something is wrong here. "The family's been hacked!"
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Accounting

Accounting measures and evaluates financial information for a business or an individual household, such as assets, liabilities, revenue, expenses, and more. Accounting professionals are often in charge of payroll, retirement plans, inspecting financial records, allocating resources, and ensuring the balance sheets of the organization are correct in order to properly inform business decisions.

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