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...
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...he future of accounting will depend on the new advancements and developments of the Internet, and accountants will ultimately have to adjust and adapt to the new environment. The Internet has only improved and benefited how accountants do their job, so we can only hope that the job becomes, somewhat in the slightest, more easily achievable in the future.
Works Cited
http://en.wikipedia.org/wiki/History_of_the_Internet http://en.wikipedia.org/wiki/Internet http://en.wikipedia.org/wiki/Packet_switching http://en.wikipedia.org/wiki/Network_packet http://en.wikipedia.org/wiki/Intranet http://www.internetsociety.org/internet/what-internet/history-internet/brief-history-internet http://raw.rutgers.edu/MiklosVasarhelyi/Resume%20Articles/PROFESSIONAL%20PAPERS/P19.%20future%20of%20acct%20and%20electronic.pdf
http://www.nysscpa.org/cpajournal/2007/507/perspectives/p12.htm
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