Is technology making our attention span shorter?

Attention span means how long you can focus on something.

Electronics are now stepping into our lives, and we use them to learn, work,
and relax. This also creates a problem. There is a lot of other content on the
web that distracts us from our work and therefore affects our attention span
and efficiency. Gradually, we have formed a bad habit of not being able to
focus for a long time.
In this regard, I think technology will shorten our attention span. By
browsing multiple websites at the same time, we distract ourselves and spend
too much time on technology to shorten the brain's memory. When we browse
other unrelated websites while studying, our attention is affected. There is a
wealth of content on the internet, and we can be distracted by other websites
while studying. This reduces our efficiency and even diverts our attention
elsewhere. For example, I sometimes receive messages from friends while
studying when I start chatting with friends. During the chat, a video might be
discussed, and my attention can be turned to watching the video. As a result, it
makes me switch constantly in a short period, which reduces my attention
span and concentration. As a result, it keeps me from focusing on one thing
for a long time and forms a bad habit. As our brains continue to switch,
memory is shortened.
With every switch, our brains need to restart in another area
repeating this process constantly will cause our memory to be frequently
stopped, and memory will decrease. Surveys have shown that every time we
start to focus on a new thing, it takes the brain ten to fifteen minutes to adapt.
This means that when we switch frequently, our brain is not working
efficiently, and memory is reduced. This also shortens the span of our
attention, making us unable to concentrate and affecting our long-term
memory. In conclusion, technology, more specifically, switching from one site to
another, will shorten our attention span. This constant switching will reduce
memory and efficiency. Therefore, we want to focus on one thing, we need
strong self-management skills and we can't switch back and forth on what we
are doing.
Moreover, this allows us to form good computer habits and a strong memory
to do anything.
 Various activities involved in Accounting

Accounting is the system of recording and summarizing business and financial

transactions and analyzing, verifying, and reporting the results. The accounting activities
include recording business transactions, cost of purchasing technologies, quality
management, cost and account analysis, inventories, manufacturing cost. The two main
accounting methods are cash accounting and accrual accounting. We do Accounting in
accordance with the Accounting principles. Accounting principles are the rules and
guidelines that companies and other bodies must follow when reporting financial data.
These rules make it easier to examine financial data by standardizing the terms and
methods that accountants must use.
Some of the most fundamental accounting principles include the following:

 Accrual principle
 Full disclosure principle
 Matching principle
 Going concern principle
 Cost principle
 the principle of substance over form
 Historic cost principle.
There are seven steps in accounting cycle they are:
Recording entry in Journal, Posting to the ledger, preparing the unadjusted trial balance,
analyzing the worksheet, adjusting journal entry discrepancies, preparing of the financial
statements, and closing of the books. Preparing financial statement is the most important
phase of accounting cycle.
Those steps that are stated above, are done with the help of these three activities:

 Identification Activities:
This activity aims to identify various transactions that occur within the company.
Through the identification process, the company will get comprehensive data.
 Activity Logging:
After various company transactions are identified, the company will then record these
transactions in the form of financial statements.
 Communication Activities:
The next step that will be taken is to communicate the results of the notes to those who
need communication information reports, both internal and external to the company.
 Inflation and Poverty in Pakistan
Inflation breeds poverty and poverty is the root of all evils. Unfortunately,
our country is the victim of such a disease. We glare at people who are protesting
every day due to inflation, but that is on the rise every new day.

When high inflation joins hand with poverty, it becomes unbearable. Life
becomes more painful. High inflation is like adding insult to injury for the poor.
Millions of poor people are now living in an even extreme form of poverty,
which is on the rise.
The petrol prices are reducing, dollar exchange rate is reducing even then
there is no any sight of decrease in prices of commodities at lower level. Poor are
becoming poorer while rich are becoming richer.
To be honest, this is an effect of corrupt politicians and selfishness in the
people of society. Due to tight international market conditions Pakistan is unable to
attract any bidders for liquified natural gas (LNG), the ultimate effect of which will
be on the local consumer. They will face high prices because shortages will be
fulfilled using high prices gas supplies.
To overcome poverty and inflation inauguration of industries should be
promoted which will decrease the unemployment. Furthermore, export of goods
should be increased and import should be prohibited to limited items only so that it
increases balance of payment. Economy downfall will be saved, businesses will
use locally manufactured raw materials that will reduce the cost of final products
and thus purchasing power of final consumer will be increased.
Martin Feldstein Said:
“Domestic inflation reflects domestic monetary policy.”
 Current Economic Situation of Pakistan
According to the World Bank’s October 2022 update, the slower growth will
reflect damages and disruptions caused by floods, a tight monetary stance, high
inflation, and a less conducive global environment. Recovery will be gradual, with
real GDP growth projected to reach 3.2 percent in fiscal year 2024.While recent
growth in GDP was 5.97 percent.
Inflation in Pakistan is expected to reach around 23 percent in FY23,
reflecting flood-related disruptions to the supply of food and other goods, higher
energy prices, and difficult external conditions. The Update shows that the high
inflation will disproportionately impact the poor.
Pakistan’s economy is expected to grow by only 2 percent in the current fiscal
year ending June 2023.

The current account deficit has already reached 5.3% of GDP, according
to the State Bank of Pakistan (SBP). This deficit has become the more
troubling because unlike the past there is no room for massive external
borrowing as the country’s total external debt and liabilities have already
reached 93.7% of GDP, shows the SBP statistics for the first quarter of current
fiscal year.
In the short term, it would compel the government to borrow more from
commercial banks at the prevailing double-digit interest rates. This would further
increase its domestic debt requirements, leading to further expansion in its fiscal
balance in the next fiscal year.
 Limitations/regulations of social media

The term social media refers to a computer-based technology

that facilitates the sharing of ideas, thoughts, and information
through virtual networks and communities. Social media is internet-
based and gives users quick electronic communication of content, such as
personal information, documents, videos, and photos. People are using
social media for a variety of purposes. The four main uses are:
 Sharing
 Learning
 Marketing
 Interacting
However, while social media presents a worthy platform to engage,
it has also given unregulated power to state and non-state actors to spread
misinformation, false news, and disinformation. As the unregulated power
of state and non-state actors is manipulating society. Therefore,
governments have demanded that social media networks regulate their
content. However, social media networks have been unable to address the
concerns of many. Due to this reason, states have initiated the process of
adopting social media regulations to address their unique issues. Pakistan
Electronic Media Regulatory Authority (PEMRA) is responsible for the
regulation of social media in Pakistan.
The one in charge of regulating the Internet is the
Government. Each country will have its Internet laws, which is why it
is easier to access content and information in some countries than in
others. Social media platforms have policies that prohibit graphic
violence, child sexual exploitation, and hateful content or speech.
 ADVANTAGES of social media:
 All the information one requires is just a click away.
Students can educate themselves on various topics using
social media.
 Moreover, live lectures are now possible because of
social media. You can attend a lecture happening in
Lahore while sitting in Rahim Yar Khan.
  In addition, it strengthens bonds with your loved ones.
Distance is not a barrier anymore because of social
media.
 Most importantly, it also provides a great platform for
young budding artists to showcase their talent for free.
You can get great opportunities for employment through
social media too
 Another advantage benefits companies who wish to
promote their brands. Social media has become a hub for
advertising and offers you great opportunities for
connecting with the customer

 DISADVANTAGES/ LIMITATIONS of social media :

 Despite having such unique advantages, social media is

considered to be one of the most harmful elements of
society. If the use of social media is not monitored, it can
lead to grave consequences.
 This addiction hampers the academic performance of a
student as they waste their time on social media instead
of studying.
 It is harmful because it invades your privacy like never
before. The oversharing happening on social media makes
children a target for predators and hackers. It also leads to
cyber bullying which affects any person significantly.
 The huge disadvantage of social networking is that it
reduces or excludes face-to-face socialization .
 There is always a risk of getting negative customer testimonials
and responses because it is impossible to satisfy everyone. In
the case of social networks, each negative review becomes
 visible to all your subscribers, including your current and
potential customers.
 A slow-loading website can also cause a negative response
from users. Sometimes poor server performance leads to a
slow-loading website. Thus, people migrate from a poor-
performing server to another best in the business.
Moreover, besides the advantages or disadvantages, the use of social media
depends upon the person that whether he/she uses it for constructive purposes
or for destructive purposes.