Transfer Ownership of Computer

I would like to transfer ownership of my iMac to my daughter, what needs to be done to make it so that there is no trace of me, (account names, passwords, etc.), in the computer? Can that be done?
Andy

Not necessary Barbara. Big time waster. A 7 pass on a 500GB drive may, depending on the speed of the processor, take up to a full day (24 hours) or even more. Zero one pass is completely sufficient.
+*Secure deletion: a single overwrite will do it*+
+The myth that to delete data really securely from a hard disk you have to overwrite it many times, using different patterns, has persisted for decades, despite the fact that even firms specialising in data recovery, openly admit that if a hard disk is overwritten with zeros just once, all of its data is irretrievably lost.+
+Craig Wright, a forensics expert, claims to have put this legend finally to rest. He and his colleagues ran a scientific study to take a close look at hard disks of various makes and different ages, overwriting their data under controlled conditions and then examining the magnetic surfaces with a magnetic-force microscope. They presented their paper at ICISS 2008 and it has been published by Springer AG in its Lecture Notes in Computer Science series (Craig Wright, Dave Kleiman, Shyaam Sundhar R. S.: Overwriting Hard Drive Data: The Great Wiping Controversy).+
+They concluded that, after a single overwrite of the data on a drive, whether it be an old 1-gigabyte disk or a current model (at the time of the study), the likelihood of still being able to reconstruct anything is practically zero. Well, OK, not quite: a single bit whose precise location is known can in fact be correctly reconstructed with 56 per cent probability (in one of the quoted examples). To recover a byte, however, correct head positioning would have to be precisely repeated eight times, and the probability of that is only 0.97 per cent. Recovering anything beyond a single byte is even less likely.+
+Nevertheless, that doesn't stop the vendors of data-wiping programs offering software that overwrites data up to 35 times, based on decades-old security standards that were developed for diskettes. Although this may give a data wiper the psychological satisfaction of having done a thorough job, it's a pure waste of time.+
+Something much more important, from a security point of view, is actually to overwrite all copies of the data that are to be deleted. If a sensitive document has been edited on a PC, overwriting the file is far from sufficient because, during editing, the data have been saved countless times to temporary files, back-ups, shadow copies, swap files ... and who knows where else? Really, to ensure that nothing more can be recovered from a hard disk, it has to be overwritten completely, sector by sector. Although this takes time, it costs nothing: the dd command in any Linux distribution will do the job perfectly.+
http://www.h-online.com/newsticker/news/item/Secure-deletion-a-single-overwrite- will-do-it-739699.html

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