HISTORY OF ACCOUNTING

HISTORY OF ACCOUNTINGPRESENT BY :NURUL ATIKAH LOKMANPRACTICAL STUDENT1What is Accounting? Is a system that IdentifiesRecordsCommunicatesRelevantReliableConsistentComparableTo help users make better decision.Information that isAccounting2The Beginning of BookkeepingBookkeeping is the activity of recording business transactions.

Supplier/ SellerConsumer/ BuyerProvide good or servicesGive moneytoto33500 BC

Bookkeeping was start since ancient time.1st Bookkeeping at BabyloniaOldest written Used small clay balls called token Usually circles and sphere

4400 BCEgyptBookkeeping process become more advance.Papyrus (paper )Calamus (pen)

5850 ADHindu-Arabic numeral system has been used.Their business become more efficient and make easy for them in calculation.Monetary System has been used to record the value of money.

61200-1500 ADItalyThe 1st complete system of double entries bookkeeping City of GenoaIncrease in Trade & Commerce of Italian.78Luca Pacioli The Father of Accounting

91494Is the 1st known complete description of double entry.Memorandum Book , Journal and Ledger."Summa de Arithmetica, Geometria, Proportioni et Proportionalita" (The Collected Knowledge of Arithmetic, Geometry, Proportion and Proportionality)

11It included a 27-page treatiseonbookkeeping,"Particularis de Computis et Scripturis"(Italian: "Details of Calculation and Recording").

12Thank you13