<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Sunday, April 24, 2016 2:15 PM</td></tr><tr><td>To:</td><td>Joi Ito</td></tr></table>

he Information Age

The cost of today's products is mostly made up of R&D, intellec=ual assets and services(9) chttp://www.fticomm.com/ensign/historyAcc/ResearchPa=erFin.htm#N_9_> . Pacioli's accounting system has not changed practically for the last 500 years, and as long as our wealth =as physical and our costs included mostly material and labour, this system was adequat=. The double-entry accounting system relied on historical information and has tr=ditionally provided financial reports and statements two weeks after the month-end cl=sing period(10) <http://www.fticomm.com/ensign/historyAcc/ResearchPap=rFin.htm#N_10_> . Businesses today, require informatio= not two weeks after month-end but immediately; accounting information, activities =nd indices of performance must be available at the push of a button/key. The trends =n the information age is to conceptualize and implement accounting as a data bas= information system gathering all the quantitative and qualitative events of all the ar=as of a company. Oracle(11) <http://www.fticomm.c=m/ensign/historyAcc/ResearchPaperFin.htm#N 11 >, PeopleSoft(12) chttp://www.fticomm.com/ensi=n/historyAcc/ResearchPaperFin.htm#N_122 , and SAP(13) chttp://www.fticomm.com/ensign/historyAcc/Re=earchPaperFin.htm#N_132 are world players in this re- =onceptualization of accounting as a data base information system, and they provide services=to large corporations There are also excellent accounting software packages which a=e available in the market place. Examples of these packages are Pacioli 20=0 for Windows, Peachtree Complete Accounting<=em>(14) chttp://www.fticomm.com/ensign/historyAcc/ResearchPaperFin.ht=#N_142 , and Quickbooks Pro<= href="http://www.fticomm.com/ensign/historyAcc/ResearchPaperFin.htm#N_1=2)(15). The power of such software can be appreciated by making reference to the web site listing the features of Pacioli 2000 f=r Windows(16) <http://www.fticomm.com/ensign/historyAcc/ResearchPaper=in.htm#N_16_> , and to my father's paper "Paci=li 2000 for Windows: An Accounting Software Solution to Address the problems of Accoun=ability of Saskatchewan District Health Boards"(17) <http://www.fticomm.=om/ensign/historyAcc/ResearchPaperFin.htmitN_17_> , June 1996.

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