The balance in the company’s bank account is the accurate representation of the cash available to the company based on records, assuming that all transactions have already been settled.Īll financial transactions should be compared with the monthly statements from credit cards, bank accounts, and other external financial sources to ensure that there are no miscalculations, fraudulent activities, or any forms of discrepancies that would invalidate the accuracy of the records. When using QuickBooks Online, the ending balance of the previous month should be the same as the beginning balance of the following month. The final balance at the end of the last month should also match the bank statement. You’ve probably heard of the infamous Great Firewall of China which the authorities use to block access to some sites and services from mainland China. Well, you should know that it goes beyond technology with the term also referring to legislative actions that are enforced by the People’s Republic of China to regulate the Internet domestically. As a result, Chinese authorities manage to limit access to foreign information sources, block foreign internet services such as Google, Facebook, Twitter, Wikipedia, and more - as well as mobile apps - while requiring foreign companies to adapt to domestic regulations.īeyond censorship, the Firewall has also helped the development of China’s internal internet economy by nurturing domestic companies and reducing the effectiveness of products from foreign internet companies.Īmong the techniques the Chinese government uses to maintain control of the Great Firewall are things like modifying search results for some terms and petitioning global companies to remove certain content.Īs pointed above, it is a censorship tool designed to block access to select foreign websites and to slow down cross-border internet traffic. The Great Firewall used to be operated by the SIIO, as part of the Golden Shield Project.
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