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Evolution of Accounting

The document traces the evolution of accounting from 8500 BC to 1905 AD. It notes some key developments including the first treatise of systematic bookkeeping in 1340 AD by Luca Pacioli in Italy. Pacioli is considered the father of accounting and bookkeeping for publishing the first work on double-entry bookkeeping system. In 1494, double-entry bookkeeping first appeared in Genoa, Italy. In 1905, Scotland saw the birth of the modern profession of accountants.

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1K views8 pages

Evolution of Accounting

The document traces the evolution of accounting from 8500 BC to 1905 AD. It notes some key developments including the first treatise of systematic bookkeeping in 1340 AD by Luca Pacioli in Italy. Pacioli is considered the father of accounting and bookkeeping for publishing the first work on double-entry bookkeeping system. In 1494, double-entry bookkeeping first appeared in Genoa, Italy. In 1905, Scotland saw the birth of the modern profession of accountants.

Uploaded by

Jestoni
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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EVOLUTION OF ACCOUNTING

• First treatise of systematic


bookkeeping
• Luca Pacioli

8500 B.C. 1340 A.D. 1905

3600 B.C. 1494

• Double –entry first appeared in • Scotland –Birth of modern


Genoa. profession of accountant
Mesopotamian Civilization Map Clay Balls / Bullae
ANCIENT CLAY TABLETS
Luca Bartolomeo de Pacioli
(1445-1517)
• The Father of Accounting and Bookkeeping
• An Italian Mathematician
• The seminal contributor to the field now
known as Accounting
• He was the first person to publish a work on
double-entry system of bookkeeping the
“Summa de Arithmetica, Geometrica,
Proportioni et Proportionalita” or
“Everything about Arithmetic, Geometry,
Proportions and Proportionality”
History of Accounting in the Philippines
 Creation of Philippines Institute of Certified Public  ASC completed the
Accountants (PICPA) Adoption of the IFRSs issued
 One of the oldest Professional Accountancy Org. by IASB
in - ASIA

1923 1981 2005-2006

1929 2004
 Enactment of Accountancy Law 1923  Creation of Accounting Standards  ASC completed the
 Established the Board of Accountancy Council (ASC) Adoption of the IFRSs issued
 Granted Certificates to passers  Funded by PICPA by IASB
 ASC was replaced by FRSC
Thank you.

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