The Role of Accountants and Accounting InformationMGMT 105 1st Edition Lecture 24Outline of Last Lecture I. Exam 4Outline of Current Lecture I. Managing Information for Better Business Decisions -you'll have 10-14 jobs by age of 38-Information technology (IT)- various appliances and devices used for creating, storing, exchanging and using information in diverse modes, including visual images, voice, multimedia, and business data-first year student in college, by third year your info learned will be outdated -By 2049 a $1,000 computer will exceed human intelligence -1/5 divorces are blamed on Facebook -if facebook was a country it would be the 3rd largest in the world o behind China and India -Top technologies of 2015o Emergent Artificial Technology (AI)never ending language learning NELLself driving cars will help avoid crashes -E-commerce- the use of the internet and other electronic means for retailing and business to business transactions -IT impactso creating portable officesproviding remote access to instant infoo enabling better servicecoordinating remote deliveries o creating learner, more efficient organizations allowing more work and customer satisfaction to be accomplished with fewer people o enabling increased collaboration using collaboration software and other IT communication devices -Internet- gigantic system of interconnected computer networks lined together by voice, electronic, and wireless technologies -what is the difference between data and informationo data- raw fact or figure. don't have much value by themselveso information- compilation of data and statistics-Intranet- organization’s private network of internally linked websites accessible only to employees -extranet- system that allows outsiders limited access to a firm’s internal information network -Electronic conferencing- IT that allows groups of people to communicate simultaneously from vaporous locations via email, phone, or video-VSAT Satellite Communications- network of geographically dispersed transmitter receivers (transceivers) that send signals to and revive signals from a satellite, exchanging voice, video, and data transmissions -Hardware- physical components of a computer network, such as keyboards, monitors, system units and printers-software- programs that tell the compute how to function -Hacker- cubercriminal who agains unauthorized access to a computer or network, either to steal info, money or property or to tamper with data o DOS attack, wireless mooching -Identity theft- unauthorized use of personal info to get loans, credit cards, or other monetary benefits by impersonating the victim- The Role of Accountants and Accounting Information-Accounting- comprehensive system for collecting, analyzing, and communicating financial info-Bookkeeping- recording of accounting transactions -Who does not use accounting information? Consumers- would a consumer typically be concerned with accounting