Accounting+History

Accounting+History - Published book in 1494 described the...

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March 2, 2012 The Accounting legacy How did we get to Intermediate Accounting?
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2 Accounting Evolved as needed Accounting – old as civilization Inventories of wealth were needed Medieval Italian merchants The Darien Expedition - 1698 Industrial Revolution – England General Motors – (Donaldson Brown)
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3 The first known accountant Amatino Manucci, partner in Florentine Located in Salon, France Center for olive oil production and buying agricultural commodities The Method of Venice
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4 Luca Pacioli Franciscan monk and mathematician
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Unformatted text preview: Published book in 1494 described the double entry system used in Venice Translated and spread across Europe 5 6 7 8 9 10 11 12 13 14 Industrial Revolution in Britain Josiah Wedgwood potter 1759 Depression of 1772 forced him to track costs carefully First known embezzlement discovery Developed cost accounting system One of few firms to survive 15 16 By 1800 11 Accomptants in London Bankruptcies primary work William Cooper 1854 Cooper = Ebeneezer Scrooge Became Coopers & Lybrand 17 18...
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Accounting+History - Published book in 1494 described the...

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