From: "jeffrey E." <jeevacation@gmail.com>
To: Joi Ito
Subject:
Date: Sun, 24 Apr 2016 14:14:33 +0000
he Information Age
The cost of today's products is mostly made up ofR&D, intellectual assets and services(9). Pacioli's accounting
system has not changed practically for the last 500 years, and as long as our wealth was physical and our costs
included mostly material and labour, this system was adequate. The double-entry accounting system relied on
historical information and has traditionally provided financial reports and statements two weeks after the month-
end closing period(1°). Businesses today, require information not two weeks after month-end but immediately;
accounting information, activities and indices of performance must be available at the push of a button/key. The
trends in the information age is to conceptualize and implement accounting as a data base information system
gathering all the quantitative and qualitative events of all the areas of a company. Oracle(II), PeopleSoft02), and
SAP( 3) are world players in this re-conceptualization of accounting as a data base information system, and they
provide services to large corporations There are also excellent accounting software packages which are available
in the market place. Examples of these packages are Pacioli 2000for Windows, Peachtree Complete
Aceounting04), and Quickbooks Pro(15). The power of such software can be appreciated by making reference to
the web site listing the features ofPacioli 2000 for Windows06), and to my father's paper "Pacioli 2000 for
Windows: An Accounting Software Solution to Address the problems ofAccountability of Saskatchewan District
Health Boards"07l. June 1996.
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
EFTA00828905