According to accounting historian John R. Alexander, accounting has been around for thousands of years. Records of commerce date as far back as 3500 BC in Mesopotamia. Similar styles of accounting were also seen in ancient Egypt, China, Greece and Rome. Even in medieval times there were "standards" and records of accounting activities.
Most historians favoring a more modern perspective look to the contributions of Luca Pacioli and Benedetto Cotrugli. Cotrugli proposed and provided techniques for the double entry method of accounting in Delia Mercatura et del Mercante Perfetto(Of Trading and the Perfect Trader). Pacioli expanded on the system developed by Cotrugli in Summa de Arithmetica, Geometria, Proportini et Proportionalita (Everything About Arithmetic, Geometry and Proportion).
More detail is available in John Alexander's paper, The History of Accounting, available on the Association of Chartered Accountants in the United States web page.
luca passiole
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
personal accounting nominal accounting real accounting
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
luca passiole
The tabulating machine was an electromechanical machine designed to assist in summarizing information and, later, accounting and was developed by Herman Hollerith, the founder of IBM. The modern version is a calculator.
KPMG = Klynveld Peat Marwick Goerdeler.It represents the names of the "founders" (I guess you can call them) of KPMG.K comes from Piet Klynveld, founder of the accounting firm Klynveld Kraayenhof & Co (Amsterdam, 1917)P comes from Peat, after William Barclay Peat, founder of the accounting firm William Barclay Peat & Co (London, 1870)M comes from James Marwick, co-founder of the accounting firm Marwick, Mitchell & Co(NEw York City, 1897)G comes from Reinhard Goerdeler, chairman of KPMG.
This is a Book written by Luca Pacioli. The founder fo Scientific Accounting, Double entry book keeping system.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
personal accounting nominal accounting real accounting
what are the accounting areas governing accounting profession
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
The Accounting Principles are the assenition rules of accounting and the application of these rules, method & procedures to actual practice of accounting. These Accounting principles have been divided into a. accounting concepts b. accounting conventions.
real accounting, nominal accounting,personal accounting