History and Evolution of Accounting

UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS (KISUMU CAMPUS) DEPARTMENT OF FINANCE AND ACCOUNTING DAC 101: FOUNDATIONS OF ACCOUNTING NAME : AWINO JOSEPH PETER REG NO : D33/30463/2010 LECTURER : MR. LUTHER OTIENO QUESTION: HISTORY AND EVOLUTION OF ACCOUNTING Introduction Unlike around other modern professions, account has a history that is commonly discussed in terms of one seminal event the maneuver and dissemination of the double entry bookkeeping processes. But a view of accounting history that begins with Luca Paciolis contributions all overlooks a retentive evolution of accounting systems in ancient and medieval times. to a greater extent fundamental is the question, why should we care about the history of accounting at all?

Certainly a glimpse backrest into this period helps illuminate our past generally, and it is the sort of winding, twisted agency that makes for an entertaining story. But perhaps the most compelling modestness is to help explain the phenomenal growth that the profession of accountancy has enjoyed worldwide since the first royal charters were granted to the Society of Accountants in Edinburgh less than 150 geezerhood ago. In 1904, 50 years after the emergence of the formal profession, about 6,000 practitioners carried the title of rent accountant. In 1957, there were 38,690 chartered and incorporated accountants (Scottish, British and Irish). Today, the lend of Chartered Accountants in England and Wales alone has a membership of over 120,000 worldwide. This is to say nothing of the many professionals in the other ally institutes in Canada, New Zealand, Ireland, Australia, Scotland and South Africa, along with American prove public accountants -comprising a vast, worldwide network of professional accountancy dominated by several,... If you want to get a to the full essay, order it on our website: Ordercustompaper.com

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