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The Internet: The Present And Future Of Accounting

1604 words - 6 pages

The Internet is an invention that revolutionized the century. It is a technology that has not only made accounting more efficient and effective, but arguably has improved most, if not all, of culture and commerce. It represents the product of one of the most successful examples of continued investment and research and development of information infrastructure. Not only has it helped shape accounting into what it is today, it will continue to develop accounting in the future.
Although the exact date of origin of the Internet is not established, its history began with the development of electronic computers in the 1950s. Leonard Kleinrock from MIT published a paper on packet-switching theory in July 1962, and the first book on the subject in 1964. Packet-switching is defined as a digital networking communications method that groups all transmitted data—regardless of content, type, or structure, into suitably sized block, called network packets. A network packet is a formatted unit of data carried by a packet-switched network. Kleinrock argued that the theoretical feasibility of communications using packets rather than circuits. In 1965, MIT researcher Lawrence G. Roberts worked with Thomas Merrill to create the first wide-area computer network ever built, which determined the attempt to make computers talk to each other as possible. In 1967, Roberts published his plan for the ARPANET, Advanced Research Projects Agency Network. Due to Kleinrock’s development on the packet-switching theory, his Network Measurement Center was selected to be the first node on ARPANET. By the end of 1969, four host computers were connected together to the ARPANET, and the developing Internet was ready to launch. This eventually led to the development of protocols for internetworking, in which multiple networks could be joined together to compose a network of networks. Access to the ARPANET was expanded when the National Science Foundation (NSF) developed the Computer Science Network in 1981. Finally, the Internet—the concept of a worldwide interconnected computer networks that use the standard Internet protocol suite (TCP/IP), was introduced in 1982. In 1968, access was further expanded when the NSF provided access to supercomputer sites in the United States from research and education organizations. Commercial Internet service providers emerged in the late 1980s and early 1990s. The Internet was finally commercialized in 1995 after the ARPANET was decommissioned in 1990 and the NSF in 1995, removing the last restrictions on the use of the Internet to carry commercial traffic. Since then, the Internet has revolutionized culture and commerce, and it continues to grow and develop. Many claim the Internet to be the greatest invention of our modern era. It is capable of countless things—in particular it made accounting more efficient and effective.
Accountants use the Internet for many purposes today. The Internet has freed people from the limitations of space and...

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