What Are the Benefits of Cloud Computing? What Are the Risks

question 66

Essay

What are the benefits of cloud computing? What are the risks and concerns of cloud computing? Do you think the benefits of cloud computing outweigh the risks? Why or why not? Under what circumstances would you be willing to use cloud computing?

---

Definitions:

Retained Earnings

Retained earnings represent the cumulative amount of net income that a company has reinvested into the business rather than distributed to shareholders as dividends.

Fair Value Method

An accounting approach that measures and reports certain assets and liabilities at their estimated current market values.

Intrinsic Value Method

A technique used to calculate the actual value of a company or asset based on its fundamental, underlying value.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies in the U.S. use to compile their financial statements.