As business history and accounting historically have developed as distinct academic disciplines, so but potential synergy has grown between them. The range of awareness of accounting historians gains from knowledge of the context within which accounting techniques evolved and were put to use. Business historians, in their turn, have much to gain from applying modern financial accounting concepts retrospectively to surviving quantitative data and much to learn about the dangers of misrepresentation (particularly from published data). ….. A further dimension which needs much more research is the contemporary use of management accounting data and concepts as tools for decision making: the published literature of accounting and legally required published annual accounts are not an accurate guide to the diffusion and use of these techniques
An organization uses information strategically in three areas: to make sense of change in its environment; to create new knowledge for innovation; and to make decisions about courses of action. These apparently distinct processes are in fact complementary pieces of a larger canvas, and the information behaviors analysed in each approach interweave into a richer explanation of information use in organizations.
In a global economy, international payments are becoming more and more important. Not only are the number of transactions getting bigger, but overall the size of the transactions is decreasing. A 3 pounds purchase on Ebay from a UK vendor, a 5 Euro fee for translation work done in India, 70 cents for a song from your favorite band in the USA. Entrepreneurs are however, actively looking for ways to facilitate decentralized, inter-currency microtransactions. Any startup that can do so effectively, will surely reap the benefits. Even if a startup doesn’t manage to find a way to bring this about organically, it may not be long before citizens of some country demand their central bank to issue a decentralized cryptocurrency as legal tender – potentially establishing a new de facto world currency. Finding an efficient way to simplify these inter-currency micropayments has not been a priority for national banks, nor the focus of government policies. Considering the potential of such currencies, it is no wonder that so many startups have focused on trying to solve the critical problems that exist in the current cryptocurrency systems. Those who fear a currency that is impossible to regulate, really are justified in worrying about their emergence, but it doesn’t seem like they will be going away anytime soon. Whoever finds a way to bring the strong regulation and cryptocurrency ideologies together, will certainly be the bridegroom at the marriage of the century!