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ACID properties in DBMS | transaction management in Dbms | DBMS
 
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This video contains the basic concepts of Transaction and will help students in various competitive exams like GATE , NET, PSU'S etc Following are the important topics of dbms ER‐model - entity–relationship model, strong entity set, weak entity set, single valued attribute, multivalued attribute, stored attribute, derived attribute, simple attribute composite attribute, weak relationship, strong relationship, mapping, cardinality ratios, discriminator attribute, fan trap, chasm trap Relational model – relational table, column, domain, row, tuple, relational algebra – selection, projection, union, intersection, set difference, Cartesian product, natural join, left outer join, right outer join, complete outer join, theta join, division operator, nested query, safe query tuple calculus – tuple relational calculus, domain relational calculus, SQL – select, from, where, order by, group by, max, min, avg, count, sum, having, Integrity constraints – super key, candidate key, primary key, foreign key, alternate key, secondary key, surrogate key normal forms – first normal form, second normal form, third normal form, bcnf, 4nf, 5nf, functional dependency, minimal cover, canonical collection, multivalued functional dependency, dependency preserving, lossy and lossless decomposition. File organization – indexing, B, B+ trees, key attribute, anchor attribute, primary indexing, secondary indexing, clustered indexing, multilevel indexing, block pointer, tree pointer, record pointer, top down search, sequential search, range query, index file, ordering, non-ordering Transactions and concurrency control- transaction, acid properties, atomicity, consistency, isolation, durability, life cycle of a transaction, active state, partially committed state, committed state, abort, rollback, terminated, phantom read, dirty read, unrepeatable read, lost update problem, conflict serializability, view serializability, irrecoverable schedule, cascading rollback, recoverable schedule, cascadless schedule. Lock based protocol, two phase locking, exclusive lock, shared lock, growing phase, shrinking phase, conservative two-phase locking, rigorous two phase locking, strict two phase locking, time stamping, time stamp, read, write, deadlock, granularity, tree based protocol, transaction in dbms,acid properties,acid properties in dbms,acid properties in dbms with examples,acid properties in rdbms,transaction management in dbms,transaction and concurrency control in dbms,transaction management and concurrency control,atomicity problem in dbms,atomicity consistency isolation durability,acid properties in database,transaction processing system,atomicity,consistency,isolation,durability,transaction and concurrency control in dbms for gate transaction in dbms,acid properties,acid properties in dbms,acid properties in dbms with examples,acid properties in rdbms,transaction management in dbms,transaction and concurrency control in dbms,transaction management and concurrency control,atomicity problem in dbms,atomicity consistency isolation durability,acid properties in database,transaction processing system,atomicity,consistency,isolation,durability,transaction and concurrency control in dbms for gate transaction in dbms,acid properties,acid properties in dbms,acid properties in dbms with examples,acid properties in rdbms,transaction management in dbms,transaction and concurrency control in dbms,transaction management and concurrency control,atomicity problem in dbms,atomicity consistency isolation durability,acid properties in database,transaction processing system,atomicity,consistency,isolation,durability,transaction and concurrency control in dbms for gate
Views: 173351 KNOWLEDGE GATE
Transaction in Dbms | Transaction management | Transaction and concurrency control | DBMS
 
12:34
This video contains the basic concepts of Transaction and will help students in various competitive exams like GATE , NET, PSU'S etc Following are the important topics of dbms ER‐model - entity–relationship model, strong entity set, weak entity set, single valued attribute, multivalued attribute, stored attribute, derived attribute, simple attribute composite attribute, weak relationship, strong relationship, mapping, cardinality ratios, discriminator attribute, fan trap, chasm trap Relational model – relational table, column, domain, row, tuple, relational algebra – selection, projection, union, intersection, set difference, Cartesian product, natural join, left outer join, right outer join, complete outer join, theta join, division operator, nested query, safe query tuple calculus – tuple relational calculus, domain relational calculus, SQL – select, from, where, order by, group by, max, min, avg, count, sum, having, Integrity constraints – super key, candidate key, primary key, foreign key, alternate key, secondary key, surrogate key normal forms – first normal form, second normal form, third normal form, bcnf, 4nf, 5nf, functional dependency, minimal cover, canonical collection, multivalued functional dependency, dependency preserving, lossy and lossless decomposition. File organization – indexing, B, B+ trees, key attribute, anchor attribute, primary indexing, secondary indexing, clustered indexing, multilevel indexing, block pointer, tree pointer, record pointer, top down search, sequential search, range query, index file, ordering, non-ordering Transactions and concurrency control- transaction, acid properties, atomicity, consistency, isolation, durability, life cycle of a transaction, active state, partially committed state, committed state, abort, rollback, terminated, phantom read, dirty read, unrepeatable read, lost update problem, conflict serializability, view serializability, irrecoverable schedule, cascading rollback, recoverable schedule, cascadless schedule. Lock based protocol, two phase locking, exclusive lock, shared lock, growing phase, shrinking phase, conservative two-phase locking, rigorous two phase locking, strict two phase locking, time stamping, time stamp, read, write, deadlock, granularity, tree based protocol, transaction in dbms,transaction management in dbms,transaction management in dbms gate,transaction management in dbms examples,transaction management in rdbms,transaction in dbms for gate,transaction and concurrency control in dbms for gate,transaction processing system,transaction processing concept,transaction and concurrency control in dbms,transaction and concurrency control in dbms with example transaction in dbms,transaction management in dbms,transaction management in dbms gate,transaction management in dbms examples,transaction management in rdbms,transaction in dbms for gate,transaction and concurrency control in dbms for gate,transaction processing system,transaction processing concept,transaction and concurrency control in dbms,transaction and concurrency control in dbms with example transaction in dbms,transaction management in dbms,transaction management in dbms gate,transaction management in dbms examples,transaction management in rdbms,transaction in dbms for gate,transaction and concurrency control in dbms for gate,transaction processing system,transaction processing concept,transaction and concurrency control in dbms,transaction and concurrency control in dbms with example
Views: 214362 KNOWLEDGE GATE
Database Transactions, part 3: ACID and Isolation
 
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Learn about ACID (Atomic, Consistent, Isolated, Durable). We focus on Isolation and see what happens when transactions overlap.
Views: 32426 Barry Brown
How Credit Card Processing Works - Transaction Cycle & 2 Pricing Models
 
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How Credit Card Processing Works : http://www.bancardsales.com How Does Credit Card Processing Work ►►If you're looking for a way to collect payments online, this is the Best Payment page builder that I have found: http://bit.ly/2S10S7J This video explains how credit card payments are passed from the cardholder to the merchant bank account. Included in the video is the transaction cycle, and a detailed explanation of the two main pricing models. If you've ever wondered: How Does Credit Card Processing Work? How To Process Credit Cards? How Credit Card Processing Works? How To Accept Credit Card Payments At Your Business or Understanding the transaction flow, then you'll want to watch this video. It's part of a credit card processing basics video series so be sure to check back for more updates and additional videos in the series. Additionally, you can check out http://www.bancardsales.com for more tips and tutorials on how merchant account processing works. https://www.youtube.com/watch?v=avRkRuQsZ6M
Views: 392461 BancardSales
Transaction Data [How To #2]
 
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Getting additional data on transactions is crucial to your accounting process. Whether it's job or client ID numbers, more detailed account tracking, or any number of uses unique to your business, we’ve got the solution for you.
Views: 705 Divvy
"Distributed Commit Log: Application Techniques for Transaction Processing" by David McNeil
 
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Messaging systems built on the idea of a distributed commit log such as Apache Kafka and Amazon Kinesis offer a powerful approach for building robust, real-time systems. However, because of their unique nature there are particular techniques required to use them effectively. This talk will catalog approaches used in practice to address topics such as: dealing with duplicate event delivery, merging & splitting of shards, poison events, exception handling, detecting failed workers, performing rapid failover, and providing facilities for debugging. These approaches provide a foundation for using distributed commit logs not just for applications such as click-stream analysis but for transaction processing.
Views: 4090 Strange Loop
What is Transaction Data?
 
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For any bank, payment processor or other financial institution concerned about the end customer experience, transaction data is your goldmine. Each transaction that travels across an ATM, POS, Mobile Banking, Internet Banking, Branch, Core Banking or Messaging Middleware environment can provide powerful answers to questions such as: - What are customers experiencing? - How are my networks, applications and third party service providers responding? - What is the business value of each consumer transaction from a revenue or service perspective? In today’s complex networks, electronic transaction volumes continue to increase, leading to some Big Data challenges. One transaction is often made up of sub transactions – many moving parts between a start point such as the ATM, and the end point, such as a host authorization. These moving parts could include things such as transaction switches, firewalls, service applications or host security models. When INETCO talks about transactions, we talk about all the Big Data collected on an end-to-end transaction path, correlated into one, complete transaction.
The Accounting Transaction Process
 
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The Webster Academy The tutorial discusses the accounting transaction process by utilizing the basic accounting model. It is ideal for introductory accounting students. The tutorial is designed to be reviewed prior to class to encourage productive participation in the classroom that leads to retained learning.
Views: 1612 john webster
What is DISTRIBUTED TRANSACTION? What does DISTRIBUTED TRANSACTION mean?
 
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What is DISTRIBUTED TRANSACTION? What does DISTRIBUTED TRANSACTION mean? DISTRIBUTED TRANSACTION meaning - DISTRIBUTED TRANSACTION definition - DISTRIBUTED TRANSACTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ A distributed transaction is a database transaction in which two or more network hosts are involved. Usually, hosts provide transactional resources, while the transaction manager is responsible for creating and managing a global transaction that encompasses all operations against such resources. Distributed transactions, as any other transactions, must have all four ACID (atomicity, consistency, isolation, durability) properties, where atomicity guarantees all-or-nothing outcomes for the unit of work (operations bundle). Open Group, a vendor consortium, proposed the X/Open Distributed Transaction Processing (DTP) Model (X/Open XA), which became a de facto standard for behavior of transaction model components. Database are common transactional resources and, often, transactions span a couple of such databases. In this case, a distributed transaction can be seen as a database transaction that must be synchronized (or provide ACID properties) among multiple participating databases which are distributed among different physical locations. The isolation property (the I of ACID) poses a special challenge for multi database transactions, since the (global) serializability property could be violated, even if each database provides it (see also global serializability). In practice most commercial database systems use strong strict two phase locking (SS2PL) for concurrency control, which ensures global serializability, if all the participating databases employ it. (see also commitment ordering for multidatabases.) A common algorithm for ensuring correct completion of a distributed transaction is the two-phase commit (2PC). This algorithm is usually applied for updates able to commit in a short period of time, ranging from couple of milliseconds to couple of minutes. There are also long-lived distributed transactions, for example a transaction to book a trip, which consists of booking a flight, a rental car and a hotel. Since booking the flight might take up to a day to get a confirmation, two-phase commit is not applicable here, it will lock the resources for this long. In this case more sophisticated techniques that involve multiple undo levels are used. The way you can undo the hotel booking by calling a desk and cancelling the reservation, a system can be designed to undo certain operations (unless they are irreversibly finished). In practice, long-lived distributed transactions are implemented in systems based on Web Services. Usually these transactions utilize principles of Compensating transactions, Optimism and Isolation Without Locking. X/Open standard does not cover long-lived DTP. Several modern technologies, including Enterprise Java Beans (EJBs) and Microsoft Transaction Server (MTS) fully support distributed transaction standards.
Views: 988 The Audiopedia
KYC Monitoring Transaction
 
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Did you liked this video lecture? Then please check out the complete course related to this lecture, Accounting and Finance for Bankers - A Comprehensive Study with 300+ Lectures, 24+ hours content available at discounted price (only Rs.640)with life time validity and certificate of completion. https://www.udemy.com/crash-course-on-financial-management/?couponCode=YYTB10 Welcome to Accounting and Finance for Bankers course. This course will help you to understand Accounting and Finance aspects relevant and required for Bankers. It will also help you to equip yourself for Diploma in Banking and Finance Examination. Topics covered in this course: Module A : Business Mathematics and Finance 1. Calculation of Interest and Annuties 2. Calculation of YTM 3. Capital Budgeting 4. Depreciation and its Accounting 5. Foreign Exchange Arithmetic. MODULE B: Principles of Bookkeeping and Accountancy 1. Definition, Scope and Accounting Standards 2. Basic Accountancy Procedures 3. Maintenance of Cash / Subsidiary Books and Ledger 4. Bank Reconciliation Statement 5. Trial Balance, Rectification of Errors and Adjusting and Closing Entries 6. Capital and Revenue Expenditure 7. Bills of Exchange MODULE C: FINAL ACCOUNTS 1. Balance Sheet Equation 2. Preparation of Final Accounts 3. Ratio Analysis 4. Final Accounts of Banking Companies 5. Company Accounts I 6. Company Accounts II 7. Accounting in Computerised Environment MODULE D: BANKING OPERATIONS 1. Banking Operations 2. Operational aspects of KYC / Customer Service 3. Operational aspects of Accounting Entries 4. Operational aspects of Handling Cash / Clearing 5. Operational aspects of Deposit Accounts 6. Operational aspects of Loan Accounts 7. Operational aspects of CBS Environment 8. Back office functions / Handling unreconciled entries in Banks Course Structure: • This course is structured in self paced learning style. • You can learn at your convenience at any time and you get life time access to this course. • Video lectures were used to deliver the course content Why you should take this course? • This is one of the comprehensive course covering each and every aspect of Accounting and Finance aspects relevant for Bankers. • If you are looking for a career in Banking, Diploma in Banking and Finance offered by IIBF will be an added advance and this course is one of the core paper in that diploma. • If you have already joined the Bank and looking for a career growth, then passing JAIIB is very crucial and this course covers on the critical paper of JAIIB. All the very best. • Category: Business What's in the Course? 1. Over 292 lectures and 23 hours of content! 2. understand Accounting and Finance for Bankers topics relevant for JAIIB Examination 3. appear confidently for Accounting and Finance for Bankers paper in JAIIB / Diploma in Banking and Finance Examination 4. work out various quantitative problems on Accounting and Finance Chapters in this paper Course Requirements: 1. Basics of Accounting Who Should Attend? 1. This course is meant for students who are appearing for JAIIB and Diploma in Banking and Finance Examinations
Views: 8111 CARAJACLASSES
Chapter 9 - Mangaging Multiuser DBs | FHU - Database Systems
 
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An overview of concurrent transactions, ACID principles, cursors, and DB security. The content is adapted from Database Processing, Kroenke and Auer, 13th edition.
Views: 39 Kenan Casey
Intro to Recording Accounting Transactions (DR/CR)
 
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This is a short introduction video on recording accounting transactions utilizing the concepts of debits and credits.-- Created using PowToon -- Free sign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 30705 Acct Simplified
What is OLAP?
 
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This video explores some of OLAP's history, and where this solution might be applicable. We also look at situations where OLAP might not be a fit. Additionally, we investigate an alternative/complement called a Relational Dimensional Model. To Talk with a Specialist go to: http://www.intricity.com/intricity101/
Views: 359688 Intricity101
ACID database transactions
 
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We quickly cover what the ACID principles are for database transactions.
Views: 5692 Jonathan Geisler
How Bitcoin Works in 5 Minutes (Technical)
 
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A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more. Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)
Views: 5609165 CuriousInventor
Information Systems & Databases Unit Overview
 
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An overview of Information Systems and Database unit that is the second core component of the Information Process & Technology HSC Syllabus.
Views: 1855 Christopher Kalodikis
Accounting Cycle-- All Steps in Accounting Process
 
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According to Weygandt et. al., there are 9 steps in the accounting cycle: Step 1: Analyzing business transactions Step 2: Journalizing the transactions Step 3: Posting to ledger accounts Step 4: Preparing a trial balance Step 5: Journalizing and posting adjusting entries (Deferrals/Accruals) Step 6: Preparing an adjusted trial balance Step 7: Preparing financial statements: (Income statement, Owner’s equity statement, Balance sheet) Step 8: Journalize and posting closing entries Step-9: Preparing a post-closing trial balance Steps 1–3 may occur daily during the accounting period. Steps 4–7 are performed on a periodic basis, such as monthly, quarterly, or annually. Steps 8 and 9 usually take place only at the end of a company’s annual accounting period. If a worksheet is prepared, steps 4, 5, and 6 are incorporated in the worksheet. Step 1- Analyzing business transactions: Accountant analyzes evidence (Business Document: such as a sales slip, a check, a bill, or a cash register) to determine the transaction’s effects on specific accounts. Here effect means determining what items increased or decreased and by how much. Step 2- Journalizing the transactions: Entering transaction data in the journal is known as journalizing. Recording the transactions in chronological order in the book of original entry is called journal. Step3- Posting to Ledger Accounts: Transferring journal entries to the ledger accounts is called posting. The entire group of accounts maintained by a company is the ledger. The ledger keeps all the information about changes in specific account balances in one place. Step 4- Trial Balance: A trial balance is a list of ledger accounts and their balances at a given time. Companies prepare a trial balance at the end of an accounting period. The trial balance proves the mathematical equality of debits and credits after posting. A trial balance may also uncover errors in journalizing and posting. A trial balance is useful in the preparation of financial statements Step 5- Adjusting Entries: Adjusting entries are prepared at the end of an accounting period which ensure that the revenue recognition and expense recognition principles are followed. The matching principle states that expenses have to be matched to the accounting period in which the revenue paying for them is earned. Revenue recognition principle states that companies should recognize revenue in the accounting period in which it is earned. Step 6- Adjusted Trial Balance: Adjusted trial balance shows the balances of all accounts, including those adjusted, at the end of the accounting period. The purpose of an adjusted trial balance is to prove the equality of the total debit balances and the total credit balances in the ledger after all adjustments. Step 7- Financial Statements: Income statement is prepared from the revenue and expense accounts to show the financial performance of an accounting period. Next, they use the owner’s capital and drawings accounts and the net income (or net loss) from the income statement to prepare the owner’s equity statement. Companies then prepare the balance sheet to show financial position from the asset and liability accounts and the ending owner’s capital balance as reported in the owner’s equity statement. Step 8- Closing Entries: Entries made at the end of an accounting period to transfer the balances of temporary accounts to a permanent owner’s equity account, Owner’s Capital. Temporary (nominal) accounts are those accounts that relate only to a given accounting period consist of all income statement accounts and owner’s drawings account. All temporary accounts are closed at end of the accounting period. Step 9- Post-Closing Trial Balance: A list of permanent accounts and their balances after a company has journalized and posted closing entries. Permanent (real) accounts are those accounts that relate to one or more accounting periods. Consist of all balance sheet accounts. Balances are carried forward to next accounting period. An Optional Step- Reversing Entries: Reversing entries is a non-compulsory accounting procedure which is not a mandatory step in the accounting cycle. If reversing entries are prepared, they happen between steps 9 and 1. Reversing entry is made at the beginning of the next accounting period. A reversing entry is the exact opposite of the adjusting entry made in the previous period. An Avoidable Step- Correcting Entries: If the accounting records are free of errors, no correcting entries are needed. Companies correct errors, as soon as they discover them, by journalizing and posting correcting entries. Correcting entries must be posted before closing entries. To determine the correcting entry, it is useful to compare the incorrect entry with the correct entry. Doing so helps identify the accounts and amounts that should—and should not—be corrected. After comparison, the accountant makes an entry to correct the accounts. If you enjoyed, please SUBSCRIBE.
Views: 32570 Md. Azim
SAP Logistics Execution & Warehouse Management
 
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For complete SAP LE/WM Video training visit; http://myerp-training.com/sap-lewm-video-training/
Views: 219449 myTech-school
Tony Hey: Stretch Limos, Transaction Processing and e-Science
 
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Talk at the HITS Symposium in honor of Andreas Reuter, November 27, 2015, Studio Villa Bosch, Heidelberg. Prof. Tony Hey is Chief Data Scientist, Science and Technology Facilities Council, UK. https://en.wikipedia.org/wiki/Tony_Hey Since 2014, he has been a member of the HITS scientific advisory board. http://www.h-its.org/en/institute/scientific-advisory-board/ In his talk "Stretch Limos, Transaction Processing and e-Science" he refers to his long-time collaboration with Andreas Reuter. https://en.wikipedia.org/wiki/Andreas_Reuter Together with Turing award winner James "Jim" Gray, Reuter wrote "Transaction Processing: Concepts and Techniques" in 1992, which became a standard reference work for researchers and developers around the world.
Views: 95 TheHITSters
How a Real Estate Transaction Works
 
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How a real estate transaction works. What are the cost, who gets what, and who pays what.
Views: 41099 FSBOFox
No Compromises: Distributed Transactions with Consistency, Availability, and Performance
 
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Transactions with strong consistency and high availability simplify building and reasoning about distributed systems. However, previous implementations performed poorly. This forced system designers to avoid transactions completely, to weaken consistency guarantees, or to provide single machine transactions that require programmers to partition their data. In this paper, we show that there is no need to compromise in modern data centers. We show that a main memory distributed computing platform called FaRM can provide distributed transactions with strict serializability, high performance, durability, and high availability. FaRM achieves a peak throughput of 140 million TATP transactions per second on 90 machines with a 4.9 TB database, and it recovers from a failure in less than 50 ms. Key to achieving these results was the design of new transaction, replication, and recovery protocols from first principles to leverage commodity networks with RDMA and a new, inexpensive approach to providing non-volatile DRAM.
Views: 1337 Microsoft Research
Decision Support System Executive IS TPS Video 4(Quick Review) Hindi  हिंदी Urdu With Examples
 
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A decision support system (DSS) is a computer-based information system that supports business or organizational decision-making activities. DSSs serve the management, operations, and planning levels of an organization (usually mid and higher management) and help people make decisions about problems that may be rapidly changing and not easily specified in advance—i.e. Unstructured and Semi-Structured decision problems. Decision support systems can be either fully computerized, human-powered or a combination of both. An executive information system (EIS), also known as an executive support system (ESS), is a type of management information system that facilitates and supports senior executive information and decision-making needs. It provides easy access to internal and external information relevant to organizational goals.
Views: 9574 Humayoon Chaudhry
Transactions: Myths, Surprises and Opportunities - Martin Kleppmann
 
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Slides and more info: http://www.codemesh.io/codemesh2015/martin-kleppmann Back in the 1970s, the earliest databases had transactions. Then NoSQL abolished them. And now, perhaps, they are making a comeback… but reinvented. The purpose of transactions is to make application code simpler, by reducing the amount of failure handling you need to do yourself. However, they have also gained a reputation for being slow and unscalable. With the traditional implementation of serializable transactions (2-phase locking), that reputation was somewhat deserved. In the last few years, there has been a resurgence of interest in transaction algorithms that perform well and scale well. This talk answers some of the biggest questions about the bright new landscape of transactions: You know that ACID stands for Atomicity, Consistency, Isolation and Durability, but are you certain that you know precisely what those words mean? What race conditions can you get with weak isolation (such as "read committed" and "repeatable read"), and how does this affect your application? How do modern implementations of serializability work, and how are they different from traditional algorithms? What are the strongest guarantees we can achieve, while maintaining high availability and high performance at scale? When you build a microservices architecture or use stream processing, you often end up with data spread across multiple databases. Does this mean you inevitably have to give up transactional guarantees? About Martin Martin Kleppmann is is a software engineer and entrepreneur, and author of the O'Reilly book Designing Data-Intensive Applications, which analyses the data infrastructure and architecture used by internet companies. He previously co-founded a startup, Rapportive, which was acquired by LinkedIn in 2012. He is a committer on Apache Samza, his technical blog is at martin.kleppmann.com, and he's @martinkl on Twitter.
Views: 1403 Erlang Solutions
Debits and Credits Mastering Double Entry Principles Part 01
 
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Course Title: Processing Bookkeeping Transactions Lecture Topic: Debits and Credits - Mastering Double Entry Principles Key Topics: • Account classification • Debit accounts • Credit accounts • Recording double entry transactions • Initial Trial balance Lecture Outcomes: 1. Understand the different types of accounts 2. Understand the format of T accounts 3. Be able to determine the different accounts being used during a transaction 4. Be able to place each account in the proper debit or credit side 5. Understand how to set out a trial balance
Views: 2833 HomeiLearn
The Bitcoin and Blockchain Technology Explained
 
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A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history. ------------------------------------------------------------------- BUY BITCOIN SAFELY HERE: http://bit.ly/BuyBitcoinNow ------------------------------------------------------------------- REGISTER FOR A COINBASE ACCOUNT: http://bit.ly/CoinbaseBitcoinSignup ------------------------------------------------------------------- Every block contains a hash of the previous block. This has the effect of creating a chain of blocks from the genesis block to the current block. Each block is guaranteed to come after the previous block chronologically because the previous block's hash would otherwise not be known. Each block is also computationally impractical to modify once it has been in the chain for a while because every block after it would also have to be regenerated. These properties are what make double-spending of bitcoins very difficult. The block chain is the main innovation of Bitcoin. Honest generators only build onto a block (by referencing it in blocks they create) if it is the latest block in the longest valid chain. "Length" is calculated as total combined difficulty of that chain, not number of blocks, though this distinction is only important in the context of a few potential attacks. A chain is valid if all of the blocks and transactions within it are valid, and only if it starts with the genesis block. For any block on the chain, there is only one path to the genesis block. Coming from the genesis block, however, there can be forks. One-block forks are created from time to time when two blocks are created just a few seconds apart. When that happens, generating nodes build onto whichever one of the blocks they received first. Whichever block ends up being included in the next block becomes part of the main chain because that chain is longer. More serious forks have occurred after fixing bugs that required backward-incompatible changes. Blocks in shorter chains (or invalid chains) are not used for anything. When the bitcoin client switches to another, longer chain, all valid transactions of the blocks inside the shorter chain are re-added to the pool of queued transactions and will be included in another block. The reward for the blocks on the shorter chain will not be present in the longest chain, so they will be practically lost, which is why a network-enforced 100-block maturation time for generations exists. These blocks on the shorter chains are often called "orphan" blocks. This is because the generation transactions do not have a parent block in the longest chain, so these generation transactions show up as orphan in the listtransactions RPC call. Several pools have misinterpreted these messages and started calling their blocks "orphans". In reality, these blocks have a parent block, and might even have children. Because a block can only reference one previous block, it is impossible for two forked chains to merge. • How do Bitcoin Transactions Work? http://www.coindesk.com/information/how-do-bitcoin-transactions-work/ ------------------------------------------------------------------- DID YOU LIKE THIS VIDEO? ------------------------------------------------------------------- Enjoy this video? Click "Mark as good" and give your "LIKE". Subscribe to our channel and follow our publications. Consider making a small Bitcoin donation to this address: 3C2Ti2wegJDFw1Kp3w71Mtr9bKkhyCz8fa. ------------------------------------------------------------------- BUY BITCOIN SAFELY HERE: http://bit.ly/BuyBitcoinNow ------------------------------------------------------------------- REGISTER FOR A COINBASE ACCOUNT: http://bit.ly/CoinbaseBitcoinSignup ------------------------------------------------------------------- ------------------------------------------------------------------- Video credits ------------------------------------------------------------------- http://www.bitcoinproperly.org/ Tags: BTC Bitcoin Bit coin Altcoin Cryptocurrency Buy Bitcoin Sell Bitcoin Bitcoin trading Bitcoin value Bitcoin wallet Bitcoin blockchain Blockchain Satoshi Nakamoto Digital currency
Views: 391108 Rodrigo Henrik
System Design: What are Messaging Queues?
 
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Messaging Queues are widely use in asynchronous systems. Message processing in an asynchronous fashion allows the client to relieve itself from waiting for a task to complete and, hence, can do other jobs during that time. It also allows a server to process it's jobs in the order it wants to. Messaging Queues provide useful features such as persistence, routing and task management. We will be discussing the benefits of a message queue in future videos. A system having a message queue can move to higher level requirements while abstracting implementation details of message delivery and event handling to the messaging queue. The 'queue' is just a name for this data structure. In practice, it could be storing messages using any policy. Some examples of message queues are Kafka and RabbitMQ. They are widely used for various purposes such as command query request segregation (CQRS) and event sourcing. System Design: http://horicky.blogspot.in/2010/10/scalable-system-design-patterns.html https://github.com/checkcheckzz/system-design-interview Asynchronous Request-Response: https://stackoverflow.com/questions/16715380/what-is-difference-between-asynchronous-http-request-and-synchronous-http-reques http://www.enterpriseintegrationpatterns.com/patterns/conversation/RequestResponse.html Message Queue: http://blog.codepath.com/2013/01/06/asynchronous-processing-in-web-applications-part-2-developers-need-to-understand-message-queues/ http://highscalability.com/blog/2012/12/17/11-uses-for-the-humble-presents-queue-er-message-queue.html https://www.cloudamqp.com/blog/2014-12-03-what-is-message-queuing.html https://www.rabbitmq.com/getstarted.html Load Balancing: https://www.youtube.com/watch?v=zaRkONvyGr8 You can find me here: https://www.facebook.com/gkcs0/ https://www.quora.com/profile/Gaurav-Sen-6 https://github.com/gkcs/ #message-queue #system-design #scalability #server
Views: 29302 Gaurav Sen
Transaction Manager Process Flow - New UI
 
36:49
Process flow for new Transaction Manager UI
Views: 1947 TrueCommerce
Data Processing
 
00:29
Views: 64 LloydJamesLtd
Accounts Receivable and Accounts Payable
 
13:01
Simple explanation of A/R and A/P with no detail about recording debits and credits
Views: 392527 The Accounting Tutor
Principle of Concurrency (Producer-Consumer Problem) in Operating System
 
33:39
For B.Tech (CS and IT) and MCA students
Views: 6002 TIME RAYS
Credit Transactions
 
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Credit Transactions Lecture By: Ms. Madhu Bhatia, Tutorials Point India Private Limited
Accounts Payable Journal Entries
 
22:29
Accounting transaction for accounts payable. We will journalize business transactions related to accounts payable or the purchases cycle and then post the transactions to a trial balance worksheet to see the impact of the journal entry to specific accounts as well as the accounting equation components of assets, liabilities, equity, revenue, expense, and net income. We will practice a thought process for building debits journal entries using debits and credits
IoT Blockchain Convergence
 
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Short video slide about the convergence of The Internet of Things(IoT) and the blockchain. Produced by: http://complexitylabs.io Twitter: https://goo.gl/ZXCzK7 Facebook: https://goo.gl/P7EadV LinkedIn: https://goo.gl/3v1vwF Transcription: The internet is evolving into a new technology paradigm based around smart systems, the blockchain, platforms, and IoT in the coming years, these technologies will interact and converge in new and unpredictable ways The convergence of IoT and blockchain will be a major part of this evolution, enabling new automated service systems and business models... but many unresolved issues remain IOT Internet of Things is the merging of our engineered physical environment with information systems to create smart adaptive objects and environments... it is a fast-growing, increasingly complex network of connected physical systems that are able to process information and communicate peer to peer in order to enable common services. These devices are becoming increasingly ubiquitous ranging from autonomous vehicles to sensors monitoring industrial processes, to smart homes and smart cities. IoT is growing rapidly, according to Gartner the global IoT network will connect 26 billion devices by 2020. The development of an IOT infrastructure to our economies will probably be the greatest engineering challenge of our time... dealing with the sheer amount of data due to come on-stream and security are primary concerns... before mainstream Internet-of-Things adoption can really take hold in a safe and sustainable fashion, these, among other issues, will need to be resolved. Blockchain The blockchain is a secure distributed database for recording transactions... millions of computers networked to create a distributed database for recording and authenticating exchanges of value. With the blockchain, value of any kind can be exchanged directly peer to peer without a centralized authority to record and validate the transaction. The blockchain can provide an automated and secure transaction infrastructure for next generation IoT systems... in its capacity to track billions of connected devices and enable the frictionless processing of transactions and coordination between devices. This decentralized approach would eliminate single points of failure, bottlenecks and potentially make data and transactions more secure.... creating a more resilient ecosystem for devices to run on. Likewise, it would automate transactions, enabling fully autonomous service systems; reduce cost and reduce settlement time from days to seconds One example of an IoT Blockchain system is Slock, a door lock that is connected to a smart contract on the blockchain that controls when and who can open the lock. “The owner of a Slock can set a deposit amount and a price for renting his property, and the user will pay that deposit through a transaction to the Ethereum blockchain, thereby getting permission to open and close that smart lock through their smart phone.” - Christoph Jentzsch Such technology bridges the blockchain and the physical world by making automated smart contracts, thus enabling the frictionless and automated temporary exchange of assets such as bikes, parking lots or rooms. "Smart contracts, a feature of “Bitcoin 2.0” technologies such as Ethereum, could soon operate on the Internet of Things (IoT), control objects in the physical world, and power a new decentralized version of the sharing economy, for example sharing services similar to Uber and Airbnb that operate in pure P2P mode without centralized management." - Bitcoin Magazine Leveraging blockchain for IoT offers new ways to automate business processes and build distributed autonomous service systems... "The true value of the underlying technology -- the blockchain -- has only just begun to be explored, and potential applications to the Internet of Things and Smart Systems are vast."
Views: 12169 Complexity Labs
Accounts Payable Process, Purchase entry, reconciliation
 
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This video indicates about Accounts Payable Process, Purchase entry,payment entry, vendor payment, vendor reconciliation, reconciliation, ledger creation, vat entry posting, accounts tutorial, accounts material, p2p cycle, tally material, purchase entry in tally erp 9, purchase entry in tally. how to pass purchase entry, how to post purchase invoice and how to check sundry creditors balance
Views: 87611 Wisdom Tally
Property Development Process Part 1 of 4
 
15:48
Conventional Property Development process dictates that there are only 5 stages in property development process. however, I have found that a complete property development system has lot more steps that are required to be completed in order to deliver a property development project on time and under budget. A developer must have a clear understanding of the complete property development process. To learn more about How to get into Property Development or to enrol in my any of my Property Development Courses (http://www.propertydevelopmentsystem.com.au/PropertyDevelopmentCourses), please download our FREE Property Development Blueprint ► http://goo.gl/5yz3AT that explains the complete Property Development Process Facebook ► https://www.facebook.com/PropertyDevelopmentSystem YouTube ► http://www.youtube.com/c/PropertydevelopmentsystemAu WWW ► http://www.propertydevelopmentsystem.com.au/ Connect with Amber Khanna Google+ ► http://gplus.to/amberkhanna Linkedin ► http://www.linkedin.com/in/AmberKhanna Twitter ► https://twitter.com/Amber_Khanna
500.10 Merchandising Transaction / Journal Entries - Sales discount & Purchase Discount
 
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Journalizing merchandising transaction and explaining merchandising transaction, merchandising transactions including the purchase of inventory and the sale of inventory, the purchase of inventory including discussion of purchase discount, the sale of inventory including sales discount, purchase and sales discounts needing explanation of sales terms like 2/10, n/30. We will journalize merchandising transactions and post them to the trial balance, as well as track them transaction in a subsidiary ledger. en expensed when used in the form of cost of goods sold. Why Learn Accounting - Financial Accounting / Managerial Accounting https://youtu.be/uaWDB1YdA1k?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Double Entry Accounting System Explained - Accounting Equation https://youtu.be/66e9QbrkE4g?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Cash vs Accrual - Cash Method / Accrual method differenc https://youtu.be/i2O0cexCrqc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Revenue Recognition Principle https://youtu.be/M_pauBGz5Jc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI Double Entry Accounting System Explained - Balance Sheet https://youtu.be/kOItl8E3fNA?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Income Statement Introduction https://youtu.be/1k11H8icQxc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Accounting Objectives - Relevance Reliability Comparability https://youtu.be/mO8tPzFmN8o?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Transaction Rules - Accounting Equation https://youtu.be/0vy6W_WTO2I?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Transaction Throught Process / Steps - Accounting Equation https://youtu.be/SlTo3EXDuqU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Owner Deposits Cash Transaction Accounting Equation https://youtu.be/lPZoImc88eU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Work Completed for Cash Transaction Accounting Equation https://youtu.be/ll5xIHVdrVs?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 100.110 Pay Employee with Cash Transaction Accounting Equati https://youtu.be/bSa3NuVpkwc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 200 Debits & Credits Normal Balance - Double Entry Accounting Sy https://youtu.be/alSWKuWPlxU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 200 Debits & Credits - One Rule to Rule Them All https://youtu.be/RL3BFjL1eyE?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI
Accounting for International Transactions | Financial Accounting | CPA Exam FAR | Chp 15 p 5
 
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foreign currency translation, foreign currency adjustments, foreign currency transactions, exchange rate, forign transactions, other comprehensive income, functional; currency, translation method, monetary items, non-monetary items, remeasurement, dysfunctional, weighted average rate, forward exchange rate, direct method, indirect method
What Is Credit Card Verification And Processing?
 
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Testing american express card verification 240 order api to integrate credit processing into their management system. Get the basics on payment processing credit card verification system (ccvs) unix support. Avs stands for the address verification service. The point of sale terminal or credit card processing software can be set on manual batch close automatic 2 apr 2009 numberbilling address for verification system (avs) validation; Card security code cvv, authorization is the process confirming whether your customer's has sufficient to purchase goods services from you, and also confirms designed easy scripting programming, ccvs used automate enhance any application that requires at capture, acquirer sent a message containing number, some information about (address an advanced level could still with avs mismatch higher fee experian's product, you verify numbers multiple access methods include real time processing, instant value useful feature helps prevent fraud using cvv cards smart choice not present in payment best practices are built following principles this will provide processor additional evidence fight chargebacks always conduct check contact 8 dec 2016 takes place two phases along (cvv) 15 sep 2015 only american express all international. How credit card payment processing works. Merchant accounts & credit card processing transaction cards and reviewing transactionscredit from frontline. How credit card transaction processing works steps, fees payment. 10 approaches for card not present commerce vantiv. Glossary of terms used in payment processing credit card basics emerchantcredit for small business intuit quickbooks services cybersource. Another payment gateway provides services for merchants to accept online payments via credit cards, echecks and alternative the process of verifying that card has sufficient funds (credit) available by using verification value, merchant is able make a more pages used cards review transactions note security purposes, number are encrypted remaining on merchant's terminal stored in an (card value2) three digit code printed address system (avs) feature requires transaction processed over network learn processing basics so your business can offer customers processor will charge flat fee this verification, either separately or bundled company (often third party) appointed handle from various channels such as debit acquiring banks. If verification is denied by the card association, payment processor will relay information to merchant, who then credit processing basics that small business owners must know, from your charge you a flat fee per transaction for this. The fee to simulate errors 240. How does credit card processing work? Quoraaddress verification system bankcard centralverify number & check billing values the basics bluepay blog. Credit card authorization codes transfirst. There is also an additional processing fee incurred by the merchant. Credit card fraud article authorize credit processing for small business.
Views: 733 Cynthia Cynthia
What is COMPENSATING TRANSACTION? What does COMPENSATING TRANSACTION mean?
 
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What is COMPENSATING TRANSACTION? What does COMPENSATING TRANSACTION mean? COMPENSATING TRANSACTION meaning - COMPENSATING TRANSACTION definition - COMPENSATING TRANSACTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ The execution of a business process consists of one or more transactions. Each transaction may consist of several individual operations yet, as a whole, it moves the system between consistent states. There are two groups of systems where compensating transaction may be applied: 1. In the context of a database this is often easily achieved using transactions and the commit/rollback mechanism. Compensating transaction logic could be implemented as additional on top of database supporting commit/rollback. In that case we can decrease business transaction granularity. 2. For systems without a commit/rollback mechanism available, one can undo a failed transaction with a compensating transaction, which will bring the system back to its initial state. Typically, this is only a workaround which has to be implemented manually and cannot guarantee that the system always ends in a consistent state. The system designer may need to consider what happens if the compensating transaction also fails. Compensating transactions are also used in case where a transaction is long lived (commonly called Saga Transactions), for instance in a business process requiring user input. In such cases data will be committed to permanent storage, but may subsequently need to be rolled back, perhaps due to the user opting to cancel the operation. Unlike conventional rollbacks, specific business logic will typically be required to roll back a long lived transaction and restore the system to its original state. This type of transaction differs from distributed transactions (often implemented using the two-phase-commit protocol), because although both types of transactions can result in multiple data stores being updated, compensating transactions allows for the updates to span a long period of time. Compensating transactions are often designed into Web services that participate in the execution of business processes that are part of a service-oriented architecture solution.
Views: 141 The Audiopedia
Steps of the Transaction Recording Process
 
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Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video of this lecture, go to https://www.youtube.com/watch?v=SpraxYy0G5w To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Accruals explained
 
09:00
Accruals, accrued expenses, and accrual accounting. The accrual principle is used extensively in the business world, but not intuitively clear to everyone. This short tutorial provides clear and simple examples of the accruals concept and accrual journal entries, so you can contribute to the discussion in your company next time the topic comes up! In many companies, the topic of accruals resurfaces at the end of every period, usually as a variation on this question asked by the CFO or corporate controller: “Quarter-end is near…. Do you have any accruals that need to be included?” Most finance people would know what the CFO means here, and the CFO probably assumes the rest of the business does as well, but that is often not the case. The question from the CFO could actually mean two things: are there any expense accruals to be made, or are there any revenue accruals to be made? You would make an expense accrual when expenses have been incurred for which we have not yet received an invoice from a supplier. You would make a revenue accrual when goods or services have been delivered, in other words the revenue has been earned, but we have not yet actually billed the customer. Using accruals allows a business to more closely adhere to the matching principle. If you have any accrual examples for your company, then please share them as a comment below this video. Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!

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