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History of Accounting
The Origins of Accounting
The origins of accoun/ng are in prehistory.
Cave dwellers bartered meat for berries and or stone tools and weapons.
??????? • What would you give for 6 Brontosauras steaks? – 4 flints? – 1 spear? – 6 rabbit hides?
• The process of deciding on rela/ve worth for barter transac/ons is a form of “accoun/ng”
2 + 2 = 22 • The inven/on of numbers led to coun/ng and accountants have never been unemployed since
$$$$$$$$$$$$$$$$$$$$$$ • The inven/on of “money” was a great impetus to the development of accoun/ng, because money led to an exponen/al growth in commerce.
The first known full-‐/me accountants • Circa 7000BC -‐ the Sumerian civiliza/on… the inven/on of: – god-‐kings – taxes
• There are acheological accoun/ng records from this era
Accounting Follies
(it’s not easy to find accounting jokes)
The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again.
I’m going to account until 10..and then this thing better be off my foot
Coinage: accoun/ng’s basic unit • Coinage (formal) money invented in Lydia • Alexander the Great created the first
The Origins of Accounting
The origins of accoun/ng are in prehistory.
Cave dwellers bartered meat for berries and or stone tools and weapons.
??????? • What would you give for 6 Brontosauras steaks? – 4 flints? – 1 spear? – 6 rabbit hides?
• The process of deciding on rela/ve worth for barter transac/ons is a form of “accoun/ng”
2 + 2 = 22 • The inven/on of numbers led to coun/ng and accountants have never been unemployed since
$$$$$$$$$$$$$$$$$$$$$$ • The inven/on of “money” was a great impetus to the development of accoun/ng, because money led to an exponen/al growth in commerce.
The first known full-‐/me accountants • Circa 7000BC -‐ the Sumerian civiliza/on… the inven/on of: – god-‐kings – taxes
• There are acheological accoun/ng records from this era
Accounting Follies
(it’s not easy to find accounting jokes)
The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again.
I’m going to account until 10..and then this thing better be off my foot
Coinage: accoun/ng’s basic unit • Coinage (formal) money invented in Lydia • Alexander the Great created the first