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Accounting is the measurement, processing and communication of monetary details about economic entities 15 16 comparable to businesses and firms The fashionable discipline was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of business”, 18 measures the outcomes of a company’s financial activities and conveys this data to quite a lot of customers, including investors , creditors , administration , and regulators 19 Practitioners of accounting are often called accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.
Whereas neoliberalism posited a market that was intrinsically ineffable and unknowable, each actor taking part on the idea of optimum stupidity and blindness as to the entire, majestic logic of the market, now the market is known, and formed, through information extraction. The additional financial transactions are mediated by computing, the extra flows of objects, items, our our bodies and suppliers may be tracked by sensors and chips, the more surveillance cameras and authorities and company info produce digital information, and the extra of day-after-day expertise is recorded and amassed as knowledge (cf Google Road View), the extra markets is perhaps professional-actively anticipated, produced and fashioned. Actuality itself is monopolised and commodified: turning into, in Polanyi’s terms, a fictitious commodity.
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