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History, origin and development of accounting
Role of financial accountant in business
History, origin and development of accounting
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Accountants and Auditor Accounting can be called ‘the language of business’ but did you (this is a banned word)you know some accounting terms are extracted from Latin. The word ‘debit’ means ‘he owes’ in Latin, while ‘credit’ means ‘he trusts.’. The word ‘accountant’ is derived from the Latin ‘computare,’, which means ‘count.’. Technology has modernized so much over the years. It's hard to believe how accountants lived without it. While many feel that accountants and auditors should be able to do their jobs without additional technology, ultimately the use of technology is more beneficial to those with this career, along with their clients. Accountants and auditors assemble, analyze, and check the accuracy of financial information(“Accountants …show more content…
Technology has taken a wide turn to all careers in the world. The most obvious impact of technology in accounting is the presence of computers. printers, scanners and faxes(“How is Information Technology Used in Accounting”). Computers nowadays are sophisticated, fast and easy to use; to most people. Accountants appreciate more the softwares and the electronic spreadsheet. Electronic spreadsheet programs are highly effective at helping accountants with calculations and reporting. Softwares help accountants in their daily tasks, such as paying bills, recording transaction and reporting. The programs help keep information organized and in a certain location. Better than binders and paper that can be easily misplaced or …show more content…
"The Evolution of an Accounting Practice: The Impact of Technology." IFAC. International Federation of Accountants, 24 Sept. 2014. Web. 30 Jan. 2017. "How Has Technology Changed the Accounting Industry?" Top Accounting Degrees RSS. The #1 Internet Guide to the Best Accounting Degree Programs, n.d. Web. 30 Jan. 2017. Pepe, Agnes Ann. "The Evolution of Technology for the Accounting Profession." CPA Practice Advisor. N.p., 19 Apr. 2011. Web. 30 Jan. 2017. Shanker, Sheila. "How Is Information Technology Used in Accounting?" How Is Information Technology Used in Accounting? | Chron.com. Small Business Chron, n.d. Web. 30 Jan. 2017. "The SYSTEM of CIS." Oregon Career Information System. CIS, n.d. Web. 30 Jan. 2017. "The SYSTEM of CIS." Oregon Career Information System. CIS, n.d. Web. 30 Jan.
Romney, Marshal, and Paul Steinbart. Accounting Information Systmes. 10th ed. Upper Saddle River: Pearson Education, 2006. 193-195.
Lucas Pacioli was the first to describe a system of debts and credits in accord with journals and ledgers in 1494. These basics came together to be the concoction for what is known as accounting. Since the formal establishment of accounting in 1494, the field has expanded as the demands of the ever-changing economy became greater. The industrial revolution created the first jump in the field forcing the creation of sectors within. Since this first creation of sectors, accounting as a field has been creating more specific sects to accommodate a large variety of areas. The most common and large sects created this far include public and private accounting. Although both sects carry the same basis for their work, the variation between the two lies in their demographic, demands, and decoration.
Marshall, M.H., McManus, W.W., Viele, V.F. (2003). Accounting: What the Numbers Mean. 6th ed. New York: McGraw-Hill Companies.
Stair, R.M., Reynolds, G.W., Gelinas, J.U. Jr., Sutton, S.G., Hunton, J.E., Albright, S.C., Winston, W.L. & Zappe, C. (2007) Accounting Information Systems and Financial Modelling, Thomson, South Melbourne, Victoria, Australia.
I am interested in conducting research and teaching in managerial accounting, auditing and assurance services and accounting information systems. In particular, I am interested in exploring the role of accounting information systems in decision making, internal control, and auditing. In order to gain an appreciation of these and related issues, it is essential for me to have a strong grounding accounting, accounting information systems, information technology, managerial accounting, as well as gain a general economic and management perspective.
Marshall, D. H., McManus, W. W, & Viele, D. (2002). Accounting: What the Numbers Mean. 5th ed. San Francisco: Irwin/McGraw-Hill.
Accounting has been a living part of history since the Neolithic period and remains a prevalent and ever-evolving profession still to this day. This essay therefore proposes to look at the significance and role of history specifically related to the accountancy field. In order to substantiate this claim of the importance of accounting history, numerous benefits of accounting history will be presented. Factors such as the use of historical research and its availability thereof to constantly develop accounting policies will be discussed as well as how historical accounting practices can be used to understand current practice and assist in the training of individuals in the accounting field. Lastly, the importance of history in the development
What is management accounting? Definition and meaning In-text: (BusinessDictionary.com, 2015) Bibliography: BusinessDictionary.com, (2015). What is management accounting? Definition and meaning.
Change is inevitable. Yogi Berra once said “The future ain’t what it used to be.” It is clear that the future of the accounting profession ain’t what it used to be (Gormon and Hargadon 1). The changes occurring are happening fast, they are dynamic and they are completely and undeniably real. Since the world around the accountant is changing, the accountant has no option but to change as well. The field of accounting has always been one to know change and to know adjustment, but within the recent past and certainly within the next few decades, the changes that are occurring and will occur absolutely are the most dramatic and exponential yet. Obvious changes lie in the expanding scope of services performed by accountants, the increased use of
From the first tutorial, ‘Current Conceptions of Accounting’, we had already change our prediction on accounting professional. At the beginning, we through that accounting professional would be more formal and format. From what we have learnt from the first two semesters of accounting, we need to do everything under the current structure, standards, and regulations. Accounting is a tool and skill that help us to achieve our career successful. However, the first tutorial activity, which require us to bring up our view of ‘accounting, accountability, or an accountant’ from a lifestyle magazine. This activity make us found that accounting could be just next to us, not just in the career field, but also could find it anywhere in our life. This activity has open up our mind of accounting
"Accountants." WISCareers. University Of Wisconsin System Board of Regents, 2009. Web. 20 Nov. 2009. .
Accounting is so important in our modern society. It serves a variety range of place in our society. It serves a variety range of place in our soceity, from school to hospital, from business firm to government agencies. It's also the main force in regulation of taxation and industrial activity. It serves a great aspects on the development of mass-production systems, any way, it's a very important term in our modern soceity.
The history of accounting I feel is important in the learning, understanding, and developing of my foundation for my accounting career. In this report you will learn about the development of accounting. You will learn about the people who influenced accounting the most throughout the years. You will learn how accounting came about and how it was used in the ancient times. You will learn about the invention of the double-entry bookkeeping processes. You will learn how things were done before the birth of the double-entry bookkeeping process. You will learn about Luca Pacioli and the Summa. You will also learn about modern accounting and ACAUS.
Currency Fluctuation, What is Currency Fluctuation, 2014. Available at: http://www.wisegeek.org/what-are-currency-fluctuations.htm Retrieved at 6th April 2014
Accounting itself is a system that people has been using for thousands of years, the system records financial information about a person or business, businesses use it in order to be able to keep and track their financial accounts and other financial information in a safe and efficient way. (Brooks, 2012)