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- The history of accounting timeline can be divided into the following periods12:
- The Emergent Stage (Primitive to 1494): Accounting emerged from the need to record transactions and keep track of wealth in ancient civilizations.
- Pre-analytic Stage (1495-1799): Accounting developed further with the invention of double-entry bookkeeping and the publication of the first accounting books.
- Development or Explanatory Period (1800 – 1950): Accounting became more standardized and professionalized, with the establishment of accounting bodies, principles, and regulations.
- Modern Period (1951 - present): Accounting expanded into various branches and fields, such as management accounting, auditing, taxation, and financial reporting. Accounting also adapted to the changes in technology, globalization, and business environment.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.History and Evolution of Accounting
- The Emergent Stage (Primitive to 1494) This stage covers the period from the beginning of human civilization to 1494. ...
- Pre-analytic Stage (1495-1799) ...
www.iedunote.com/accounting-evolution-historyTimeline
- 4000 B.C. - 1852 The beginning. Early printed works. ...
- 1853 -1879 Accountancy takes form as an organised profession. Early Legislation. ...
www.icaew.com/library/historical-resources/timeline - People also ask
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