Robotics can be defined as the combination of robotics and biotechnology. Robotics is an area where several laboratories and research institutions are working. These are three basic approaches in Robotics: The first approach is that the cells which have a built-in electrical generator inside them will be used to convert unusable human body waste, such as urine and body exudates into energy source. The second approach is that tissues having a built-in electrical generator will produce electricity from the chemical potential released when food molecules are converted into energy by the cells through oxidative phosphorylation.
Robotics is the technology that provides an alternative to human beings where more man power is required.
Robotics is the technology that provides an alternative to human beings where more man power is required. This technology helps in reducing the man power, reducing mistakes and increasing productivity. It also helps in reducing the time taken for many processes. Robotics can be used in different fields like manufacturing process, space research, medical science and exploration of ocean beds.
The history of robotics dates back to 400BC. In Greek mythology, Talos was a robot made of bronze that protected Europa from invaders. Later in 1927, Westinghouse Electric Corporation built Televox, the first robot to be operated by remote control. After this UNIMATE was developed and it was used in manufacturing plants.
In earlier days, robots were used only in manufacturing plants and other sectors where manufacturing is done but now these robots are being used in medical sciences too. Latest robotic products are used for surgery and even diagnosing patients and prescribing medicines. The latest robotic products are programmed based on the symptoms of the patient
Automation is another field where robotics plays a vital role. This technology is used in automated vehicles which runs without driver’s interference i.e., it runs on autopilot mode. These automated vehicles are used in space explorations, construction projects and military aircrafts etc.
High profiling companies have been using robots for a long time now to reduce human errors and increase efficiency.
We have been living in the world where technology and science are in full bloom. We have been harnessing the sources of energy to our advantage. From fossils fuels to nuclear energy, we have developed technology that can help us do wonders. But as we all know, these energy resources are non-renewable and there is always a fear that they might get exhausted in the future if we keep on using them at the same pace.
So what should we do? Should we stop using them to ensure that they can be used in the future as well or should we just use them without caring about the consequences?
But with all these advantages, there are certain levels of control and audit that are needed to ensure this technology is not misused. Accounting is a process of examining, interpreting and auditing financial data of the company so that reports can be prepared.
This is the biggest branch of finance which includes various other sub branches like auditing, taxation etc.
Accounting is basically concerned with recording, summarizing, reporting and interpreting the financial data of an organization. The main components of accounting are bookkeeping and auditing.
Bookkeeping involves keeping the books of accounts in an organized manner. It deals with the recording of financial transactions to produce a document that can be used for further analysis.
Auditing is the process in which an auditor conducts a review on the books of accounts of a company or an organization to make sure that all financial records are accurate and as per accounting principles and standards.
It helps in decision making of the management by analyzing the financial statements like balance sheet, profit and loss statement, cash flow statement etc.
It is used by investors to analyze the financial position of a company.
It helps in evaluating the performance of a company and makes comparison between two or more companies.
It helps in taking better decisions by comparing different proposals and selecting the best possible one which will help in achieving the objectives of an organization.
Generally Accepted Accounting Principles are followed so that there is uniformity and consistency in accounting activities.
A balance sheet or statement of financial position is a statement which shows the financial position of a business entity at a particular date. It typically lists assets and liabilities. The purpose of the balance sheet is to answer questions such as:
What are the sources of my assets?
What are the uses of my assets?
What claims do creditors have on my assets?
What claims do stockholders have on my assets?
The information required in a balance sheet is generally organized in the following order:
Assets, divided into current and long-term categories. Current assets include cash and other items that may be converted to cash in less than one year. Long-term assets are those that will not be converted to cash in less than one year. Long-term assets may include investments, equipment, land or buildings.
Liabilities, divided into current and long-term categories. Current liabilities include accounts payable, notes payable that come due within one year and other short-term obligations that are payable within one year. Long-term liabilities are those obligations that become due beyond one year. Items such as mortgages payable and bonds payable are included as long-term liabilities.
The revolution… In recent decades we have seen the advent of modern technologies and sciences, which have re-shaped our world. The Industrial Revolution dramatically transformed Western civilization by introducing the steam engine in the late 18th century. It fueled the industrial development that lifted countries such as Britain and Germany out of an agrarian pre-industrial society into a modern age characterized by new means of transport, machines and manufacture of goods. The Internet is another example of how we live in an age of mass informational exchange.