History of accounting

Accounting is a measurement, outlining, or granting of certainty about the information that will help managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and Government agencies. Accounting is the art of measuring, communicating and interpreting financial activity. Broadly, the accounting is also known as ‘ the language of business ‘ Accounting aims to prepare an accurate financial reports that can be used by managers, policy makers, and other stakeholders, such as shareholders, creditors, or owner. The daily record-keeping involved in this process is known as bookkeeping. Financial accounting is a branch of accounting where financial information on a business is recorded, classified, summarized, interpreted, and communicated. Auditing, one related scientific disciplines but still separate from the accounting, is a process of dima

history of accounting

Accounting as an art who based on logic mathematical – now known as “ bookkeeping paired “ ( double-entry bookkeeping ) – have understood in italy since the 1495 when luca pacioli ( 1445 – 1517 ) , also known as friars ( romo ) luca dal borgo , publish his book about “ bookkeeping “ at venice . The books in english first known published in london by john a gouge or gough in the 1543 . Concise a book displaying instruction accounting also published in 1588 by john mellis of southwark , an endorsed perkataanya , ‘ i am but the renuer and reviver of an ancient old copie printed here in london the 14 of august 1543 : a collected , published , made said and set forth by one hugh oldcastle , scholemaster , the who us appeareth by his treatise , then taught arithmetics , and .this booke in saint ollaves parish in marko lane . ‘ john mellis refer to the fact that accounting principle he explain ( which is simple system of

 

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