the evolution of accounting and finance
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THE EVOLUTION OF ACCOUNTING AND FINANCE
Presentation by Pi Office Products
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
EGYPTIAN PAPYRUS5,000BC, Papyrus used as a writing material to record
increasing volumes of financial transactions.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
THE ADVENT OF THE COIN600BC. The Lydian Lion coin was minted in Turkey. Believed
to be the first money recognised by a State.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
EMPEROR AUGUSTUS63BC-14AD. ‘The Deeds of Augustus’ gave a complete record of transactions
for the 40 years of his reign, effectively the first government budget statements.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
MEDIEVAL BANKING SYSTEM11th Century AD, goldsmiths & jewellers issued receipts which in turn
were used as a means of payment and fostering the first banking system.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
THE CHINESE ABACUSFrom the 12th century onwards traders from Europe had become to copy the Chinese Abacus system for making financial calculations.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
DOUBLE ENTRY BOOKKEEPINGAttributed to Friar Luca Pacioli in 1494 using this system to
enable merchants to organise their records.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
COST & MANAGEMENT ACCOUNTINGFrom the 1800’s Industrial Revolution accounting procedures
were developed for business owners to run their operations.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
ROYAL CHARTER RECOGNITIONA Royal Charter was granted in 1880 by Queen Victoria
recognising professional accounting bodies and business standards.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.
THE AGE OF COMPUTERSAdvancements in information technology made possible the automation of accounting tasks and financial data. Business owners now making decisions in real time globally.
Acc&FinCalPres
PHONETIC ALPHABETFirst millennium BC the Phoenicians created an alphabet to
enable more detailed recording of financial records.
PREHISTORIC ROOTSCirca 37,000 years ago our ancestors first recorded economic
transactions by carving notches on animal bones.�X
MESOPOTAMIAN SCRIBESCirca 7,000 years ago, Mesopotamians recorded lists of
expenditure to enable tax to be paid.2016 Desk Calendar for Accounting & Finance Professionals with a donation to Macmillan Cancer Support. www.piofficeproducts.com Available at Amazon http://www.amazon.co.uk/dp/B016OM6ORK
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