Litigation arising from worker misconduct costs employers billions of dollars yearly. Hovering revenues from advertising pushed Facebook’s net revenue within the first quarter up by sixty three% yr on yr, to $5bn. The number of monthly active customers grew sharply to 2.2bn in the three-month period (the Cambridge Analytica scandal emerged at the tail finish of the quarter). Alphabet, Google’s mother or father company, noticed its web profit enhance by 73% to $9.4bn.
Accounting is the measurement, processing and communication of economic details about financial entities 15 sixteen comparable to businesses and corporations The trendy subject was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been known as the “language of business”, 18 measures the results of a corporation’s economic activities and conveys this data to quite a lot of customers, including traders , creditors , administration , and regulators 19 Practitioners of accounting are often known as accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.
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