Accounting is one of the oldest trades. The history of bookkeeping depends on the earliest days of civilization, thanks to the commercial system of plants and products for survival. As the barter system was extended to monetary exchange, the methods were formalized up until BC 2000. Creating accurate records of quantities and relative values.
The Influence of Early Accountants
Through archaeological discoveries of artworks, researchers learn more about the actual impact of earliest accountants on civilization. Archaeologists discover discovering accountants who are involved in the development:
o Expanding commerce markets and accessing goods and services
o Cities – Trade Larger, including the Market
and Numbers – Personal and government planning
o writing – an understandable system for accurate records
o double accounting – related to the birth of the Italian Renaissance
o money and bank – assisting businesses avoid bankruptcy of the Industrial Revolution
The history of bookkeeping is not complete without Luca Pacioli (1445-1517), also known as Luca dal Borgo and "Father of Bookkeeping". Pacioli is credited for the "birth" of accounting. In 1494 he wrote a textbook that compiled the compilation of mathematical and accounting knowledge of the age. His textbook provided the first printed description of the dual bookkeeping system used by Venetian merchants at the end of the 15th century, which contains a similar accounting cycle as we know it today. The system divided magazines and accountants into assets, liabilities, capital, revenue and expenses included in the modern accounting balance.
During the evolution of civilization, businesses grew and thus capital markets, and thus … accountability. Our successes are increasingly dependent on accurate and reliable financial documents. Over time, the role of accountant became an integral part of everyday business and government regulation. History has led modern accounting to become a global, real-time integrated information system that emphasizes the direction of accounting know-how and the importance of accounting profession.
Source by sbobet