What are the costs of quality?

There are four different costs of quality that you should understand: Prevention costs – Incurred to avoid quality problems. Appraisal costs – Incurred to measure and monitor activities related to quality. Internal failure costs – Incurred to remedy defects discovered before the product or service is delivered to the customer External failure costs – Incurred…

What is a digital signature?

A digital signature is a type of electronic signature (e-signature) that verifies the authenticity of a digital document or message. Before digital signatures, you could sign a document and then the document owner could modify or change the document after you signed. However, with a digital signature, the signature is timestamped and a private key…

What is the difference between single tenant architecture and multi-tenant architecture?

You are probably wondering what the main difference between single tenant architecture and multi-tenant architecture is for cloud service providers. The key difference is whether the cloud service provider uses one app (or instance) for each customer or one app for multiple customers. In other words, in multi-tenant architecture, the customers “share” the application rather…

Types of scalability in cloud storage

There are two scalability types that should be analyzed when it comes to cloud storage providers: Vertical scaling: Addresses how the cloud service provider will increase the processing power or speed. Horizontal scaling: Addresses how the cloud service provider will increase the amount of space or storage in the cloud.

What is the difference between the general ledger and subsidiary ledger?

To fully understand the difference between the general ledger and the subsidiary ledger (i.e. subledger), you need to have a solid understanding of how the general ledger fits into the overall flow of information in accounting records. The general ledger contains all of the debit and credits that have been recorded for transactions incurred by…

What is a neural network in accounting and finance?

A neural network is a type of artificial intelligence that acts similarly to how humans process information. A neural network uses nodes that recognize inputs and process data to derive a desired output. What makes a neural network unique is that it can respond to changes in the data inputted and automatically adjust to still…

What are examples of physical biometric devices?

A physical biometric device uses physical identifiers to digitally grant a user or employee at a company access to systems, devices, or data. Examples of physical biometric devices include voice recognition, retina (eye) scanning, fingerprint scanning, and facial recognition (face scanning). Cybersecurity is focused on preventing unauthorized access to cyber criminals, and the use of…

Using data mining to detect fraudulent credit card transactions

Data mining is when historical data is analyzed to identify patterns and trends to make business decisions and predict outcomes. So if a company had a large amount of historical credit card transaction data, they could identify the characteristics of charges that ultimately were fraudulent. The company could then use the characteristics identified to create…