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    Early Development of Accounting: History of Mathematics History of Writing History of Money

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    Justine Airra Ondoy
    History of Accounting

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    © All Rights Reserved
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    Early Development of Accounting: History of Mathematics History of Writing History of Money

    Uploaded by

    Justine Airra Ondoy
    10 views1 page
    History of Accounting

    Original Title

    History

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    History of Accounting

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views1 page

    Early Development of Accounting: History of Mathematics History of Writing History of Money

    Uploaded by

    Justine Airra Ondoy
    History of Accounting

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    The 

    history of accounting or accountancy can be traced to ancient civilizations.[1][2][3]


    The early development of accounting dates to ancient Mesopotamia, and is closely related to
    developments in writing, counting and money[1][4][5] and early auditing systems by the
    ancient Egyptians and Babylonians.[2] By the time of the Roman Empire, the government had access
    to detailed financial information.[6]
    In India Chanakya wrote a manuscript similar to a financial management book, during the period of
    the Mauryan Empire. His book "Arthashasthra" contains few detailed aspects of maintaining books
    of accounts for a Sovereign State.
    The Italian Luca Pacioli, recognized as The Father of accounting and bookkeeping was the first
    person to publish a work on double-entry bookkeeping, and introduced the field in Italy.[7][8]
    The modern profession of the chartered accountant originated in Scotland in the nineteenth century.
    Accountants often belonged to the same associations as solicitors, who often offered accounting
    services to their clients. Early modern accounting had similarities to today's forensic accounting.
    Accounting began to transition into an organized profession in the nineteenth century,[9] with
    local professional bodies in England merging to form the Institute of Chartered Accountants in
    England and Wales in 1880.[10]

    Early development of accounting[edit]


    See also: History of mathematics, History of writing, and History of money
    Accounting records dating back more than 7,000 years have been found in Mesopotamia,[11] and
    documents from ancient Mesopotamia show lists of expenditures, and goods received and traded.
    [1]
     The development of accounting, along with that of money and numbers, may be related to the
    taxation and trading activities of temples:
    "another part of the explanation as to why accounting employs the numerical metaphor is [...] that
    money, numbers and accounting are interrelated and, perhaps, inseparable in their origins: all
    emerged in the context of controlling goods, stocks and transactions in the temple economy of
    Mesopotamia."[1]
    The early development of accounting was closely related to developments in writing, counting,
    and money. In particular, there is evidence that a key step in the development of counting—the
    transition from concrete to abstract counting—was related to the early development of accounting
    and money and took place in Mesopotamia[1]
    Other early accounting records were also found in the ruins of ancient Babylon, Assyria and Sumer,
    which date back more than 7,000 years. The people of that time relied on primitive accounting
    methods to record the growth of crops and herds. Because there was a natural season to farming
    and herding, it was easy to count and determine if a surplus had been gained after the crops had
    been harvested or the young animals weaned.[

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