Showing posts with label Information Age. Show all posts
Showing posts with label Information Age. Show all posts

Tuesday, December 11, 2018

Becoming an Informed Dieter

By Carter Shearer


We should not be so quick to accept the claims of fad diets and follow them, instead we should find the research that has been done and make an informed decision based on what we find.

Dieting has been around for a long time, with the first recorded diet being, "An Essay of Health and Long Life" by George Cheyne back in 1724. He was one of the first dietitians, and he managed to return to being healthy again after using his diet to overcome obesity. The 1800's was when dieting began to really come into it's own. William Banting wrote "Letter on Corpulence, Addressed to the Public" which became an incredibly popular diet plan which was widely used. This writing was important because it has remained relevant to this day and made dieting something that was trendy and cool. Today, in the 21st century, dieting has blown up tremendously. There are hundreds, if not thousands of diets, all easily accessible to us by way of the internet. The issue we run into today is that so many popular diets overstate the benefits of the diet, and never speak of the possible downsides. While most diets are effective for losing weight if followed consistently, it is important for the public to be informed scientifically on a diet they wish to pursue so that they are aware of possible risks and side affects. 

Wednesday, December 5, 2018

Accounting: Past, Present,...but Future?

The first records of accounting were taxes recorded on clay tablets in Egypt and Mesopotamia.  As the economy adopted a monetary system years later, accounting was also used to record transactions.  One of the most significant events in the history of accounting is the development of the double-entry method in 1458 which consists of recording transactions with both a debit and credit value.
Evolution of Accountants
An Italian mathematician named Luca Pacioli published this idea using the Gutenberg press in 1494, and because his twenty-seven page lecture on double-entry bookkeeping was accessible to many, Pacioli’s book was a frequent reference for accounting for several hundred years.
The industrial revolution created a greater need for more efficient and accurate bookkeeping.  As companies grew and became more competitive, they needed to communicate who were the shareholders in the corporation.  During the information age, many accounting organizations were created to create general principles that would establish constituency across the board regarding how values were to be reported on financial statements.

And the digital age would change it even more.  The rapid progress of technology has enabled the invention of computerized accounting systems that contain the transactions of a business—they even comply with the Generally Accepted Accounting Principles (GAAP) required by the US Securities and Exchange Commission.  So if the computers can run the numbers, then what’s our job?  While accounting is clearly useful and necessary, do we still need the accountants? 

Image Credit: Evolution of Accountants (via i Edu Note)