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advanced encryption standard (AES) :
New encryption-decryption...New encryption-decryption algorithm developed by financial industry for communication of accounting and money transfer information. It succeeds the Data Encryption Standard (DAS) algorithm whose code was broken in 1997. AES employs a block cipher of variable length between 128 to 256 bits, and can run on a variety of platforms—from mainframes to desktop computers.

ASSESSMENT :
is a. proportionate sh... is a. proportionate share of a shared expense; or, b. amount of tax or other levied special payment due to a governmental municipality or association.

accounts :
Financial records of an... Financial records of an organization that register all financial transactions, and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization's current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet, and the income statement (profit and loss account). The annual accounts of a registered or incorporated firm are required by law to disclose a certain amount of information. And have to be certified by an external auditor that they present a 'true and fair view' of the firm's financial affairs. See also Account.

ADJUSTMENT:
can be either: 1. an ... can be either: 1. an increase or decrease to an account resulting from ADJUSTING ENTRIES; or, 2. changing an account balance due to some event, e.g., adjustment of an account due to the return of merchandise for credit.

 

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