Accounting History and the Rise of Civilization, Volume I

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Accounting History and the Rise of Civilization, Volume I

The Rise of Accounting and Civilization.

person icon Gary Giroux

ebook icon Business Expert Press

language icon Language - English

updated on icon Updated on Oct, 2022

architecture icon Accounting,History,Rise of Civilization


This eBook includes

Formats : PDF (Read Only)

Pages : 156

ISBN : 9781631574238

Language : English

About the Book

Book description

Volume 1 of Accounting History covers the first 10,000-plus years of the rise of accounting and civilization. Conveniently, accounting was part of the developing culture from the start. With fortified villages, accumulating wealth meant inventory accounting, first using tokens (clay balls) and eventually writing plus the abstract concepts of numbers. Cultures evolved in Mesopotamia and elsewhere. After the Crusades, Italian city-states created merchant wealth based on the creation of double entry. Luca Pacioli’s Summa described the Venetian system, which traveled north thanks to Gutenberg’s printing press. Enhanced forms of manufacturing, banking, and merchant trade continued. England proved to be a special place, where the Industrial Revolution was born. Along the way, accounting sophistication rose as entrepreneurs discovered the need for complex information to survive. Accounting became a profession as businesses became big and important enough to employ professionals. The United States went from an agrarian backwater to an industrial power in 100 years. Accounting sophistication matched business complexity, as manufacturing accounting and control techniques developed capable of providing the information needed to run giant firms. Railroads became big, requiring complex accounting systems. Andrew Carnegie used his railroad experience to adapt the railroad accounting systems to steel manufacturing. Industries consolidated and the need for effective accounting control became imperative. Du Pont proved to be the most effective innovator and this knowledge expanded at General Motors, systems that dominated beyond the mid-20th century. Accounting History is written for accounting and business students plus business professionals. It’s not written for accounting historians, although they may find this book useful. The writing is basic without much jargon, so the general public will also find this book insightful.

Accounting History and the Rise of Civilization, Volume I

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