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    Accounting History Timeline UPMP

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    Abraham
    This document provides a timeline and overview of the history of accounting from ancient civilizations like Mesopotamia and Egypt to modern times. It shows that accounting began with basic record keeping of economic transactions in Mesopotamian cities around 3500 BC, and evolved with developments like the use of coins in Greece around 600 BC and the establishment of double-entry bookkeeping in 14th century Italy. It then discusses key figures and periods that advanced accounting practices, such as Luca Pacioli's writings on double-entry bookkeeping in 1494 and the establishment of accounting societies in Scotland in 1905.

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    Accounting History Timeline UPMP

    Uploaded by

    Abraham
    29 views6 pages
    This document provides a timeline and overview of the history of accounting from ancient civilizations like Mesopotamia and Egypt to modern times. It shows that accounting began with basic record keeping of economic transactions in Mesopotamian cities around 3500 BC, and evolved with developments like the use of coins in Greece around 600 BC and the establishment of double-entry bookkeeping in 14th century Italy. It then discusses key figures and periods that advanced accounting practices, such as Luca Pacioli's writings on double-entry bookkeeping in 1494 and the establishment of accounting societies in Scotland in 1905.

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    Teacher book

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    Accounting history timeline UPMP

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    This document provides a timeline and overview of the history of accounting from ancient civilizations like Mesopotamia and Egypt to modern times. It shows that accounting began with basic record keeping of economic transactions in Mesopotamian cities around 3500 BC, and evolved with developments like the use of coins in Greece around 600 BC and the establishment of double-entry bookkeeping in 14th century Italy. It then discusses key figures and periods that advanced accounting practices, such as Luca Pacioli's writings on double-entry bookkeeping in 1494 and the establishment of accounting societies in Scotland in 1905.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views6 pages

    Accounting History Timeline UPMP

    Uploaded by

    Abraham
    This document provides a timeline and overview of the history of accounting from ancient civilizations like Mesopotamia and Egypt to modern times. It shows that accounting began with basic record keeping of economic transactions in Mesopotamian cities around 3500 BC, and evolved with developments like the use of coins in Greece around 600 BC and the establishment of double-entry bookkeeping in 14th century Italy. It then discusses key figures and periods that advanced accounting practices, such as Luca Pacioli's writings on double-entry bookkeeping in 1494 and the establishment of accounting societies in Scotland in 1905.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Accounting history

    timeline
    Abraham Moreno González
    Introducción a la contabilidad
    Old accounting There was more than one
    -Double-entry bookkeeping developed in banking firm in Mesopotamia,
    14th century Italy rather than in ancient which used standard measures
    Greece or Rome of gold and silver and granted
    The reasons for which it was created were: credit in some transactions.
    -Private property -Capital -Commerce
    -Credit -Writing -Money -Arithmetic

    1330-1400 3500 B.C

    Accounting in Mesopotamia, around A typical transaction of


    3500 BC the time was to use clay
    and write on it the
    The cities of Babylon and Nineveh transactions that made
    became the centers of regional trade,
    and Babylonian became the language
    of business and politics throughout
    the Near East.
    Accounting in ancient Egypt, China,
    Greece and Rome
    Accounting in ancient Egypt was
    developed similar to the In the 5th century BC Greece used
    Mesopotamians. They used papyrus chartered accountants to allow its
    instead of clay and this accounting did citizens to maintain royal authority
    not advance due to the shortage of and control over their government's
    coins and illiteracy finances.

    1122-256) B.C.) 600 B.C

    A level of sophistication was


    The most important Greek
    reached during the Chao
    contribution to accounting
    dynasty (1122-256) B.C.)
    was the introduction of
    coined money around 600
    B.C.)
    Medieval accounting
    Medieval agency accounting laid the Luca Pacioli and the Summa (1494)
    foundation for the doctrines of He wrote his fifth book which was intended
    management and conservatism, and to claim that he never created double entry
    the medieval era set the stage for the bookkeeping and the book was also written
    rapid advance in accounting technology as a compendium and guide to existing
    that occurred during the Renaissance. mathematical knowledge, accounting being
    only one of the five topics covered.

    1400 B.C 1494 B.C

    Accounting in these times was to Pacioli system: memorandum, journal and ledger.
    allow the government or The journal was the merchant's private account
    property owner to monitor those book. Entries consisted of a narrative debit, credit,
    in the lower portions of the and explanation in one running paragraph.
    socioeconomic pyramid The newspaper had only one column, which was
    not totaled. There were no compound entries
    Meaning of the sum (1500 BC)
    In the first century after its publication, Towards the 20th century
    the summa was translated into 5 In 1920 business practices began
    languages ​and numerous books came to change when the US
    out falsifying the same knowledge as experienced an inventory slump in
    Pacioli and not giving a reference to the which wholesale prices fell 40
    author. percent.

    1500 B.C 1905 1920

    Scotland - Birthplace of the


    modern profession (1905)
    In Scotland there are the
    oldest public accounting
    societies that exist.
    In the 1940s the accounting
    profession increasingly used the
    funds statement to measure the
    actual flow of money, rather than
    simply the sum of changes in
    working capital between balance
    sheet dates.

    1940 1971

    In 1971, the American Institute of Certified


    Public Accountants began requiring its
    inclusion in annual reports of shareholders.
    Today, with more than 330,000 members,
    AICPA is the leading national professional
    association for CPAs in the United States.

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