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History Of Accounting
The history of accounting or accountancy can be traced to ancient civilizations.Keith, Robson. 1992. “Accounting Numbers as ‘inscription’: Action at a Distance and the Development of Accounting.” ''Accounting, Organizations and Society'' 17 (7): 685–708. The early development of accounting dates to ancient Mesopotamia, and is closely related to developments in writing, counting and money and early auditing systems by the ancient Egyptians and Babylonians. By the time of the Roman Empire, the government had access to detailed financial information. Indian merchants developed a double-entry bookkeeping system, called ''bahi-khata'', some time in the first millennium. The Italian Luca Pacioli, recognized as ''The Father of accounting and bookkeeping'' was the first person to publish a work on double-entry bookkeeping, and introduced the field in Italy. The modern profession of the chartered accountant originated in Scotland in the nineteenth century. Accountants often ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting In Japan, Taisho Era - Man With An Abacus And An Account Book, Beside Irori (1914 By Elstner Hilton)
Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and Regulatory agency, regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers. Management accounting focuses on the measurement, analysis and reporting of information for internal use by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institute Of Chartered Accountants In England And Wales
The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants and students around the world. As of December 2024, it has over 210,000 members and students in 150 countries. ICAEW was established by Royal Charter in 1880. Overview The institute is a member of the Consultative Committee of Accountancy Bodies (CCAB), formed in 1974 by the major accountancy professional bodies in the UK and Ireland. The fragmented nature of the accountancy profession in the UK is in part due to the absence of any legal requirement for an accountant to be a member of one of the many Institutes, as the term ''accountant'' does not have legal protection. However, a person must belong to ICAEW, ICAS or CAI to hold themselves out as a '' chartered accountant'' in the UK (although there are other chartered bodies of British qualified accountants whose members are likewise authorised to conduct re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
4th Millennium BC
File:4th millennium BC montage.jpg, 400x400px, From top left clockwise: The Temple of Ġgantija, one of the oldest freestanding structures in the world; Warka Vase; Bronocice pot with one of the earliest known depictions of a wheeled vehicle; Kish tablet, an example for proto-writing; Pharaoh Narmer is credited with uniting Upper and Lower Egypt and is depicted as such in the Narmer Palette. rect 42 42 474 297 Ġgantija rect 534 27 813 670 Warka Vase rect 825 28 1246 320 Bronocice pot rect 33 426 490 625 Kish tablet rect 840 400 1260 700 Narmer Palette The 4th millennium BC spanned the years 4000 BC to 3001 BC. Some of the major changes in human culture during this time included the beginning of the Bronze Age and the invention of writing, which played a major role in starting recorded history. The Copper Age state societies, city states of Sumer and the (Predynastic) Kingdom of predynastic Egypt, Egypt were established and grew to prominence. Agriculture spread widely across Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Surplus
In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall), is either of two related quantities: * Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the highest price that they would be willing to pay. * Producer surplus, or producers' surplus, is the amount that producers benefit by selling at a market price that is higher than the least that they would be willing to sell for; this is roughly equal to profit (since producers are not normally willing to sell at a loss and are normally indifferent to selling at a break-even price). The sum of consumer and producer surplus is sometimes known as social surplus or total surplus; a decrease in that total from inefficiencies is called deadweight loss. Overview In the mid-19th century, engineer Jules Dupuit first propounded the concept of e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumer
Sumer () is the earliest known civilization, located in the historical region of southern Mesopotamia (now south-central Iraq), emerging during the Chalcolithic and Early Bronze Age, early Bronze Ages between the sixth and fifth millennium BC. Like nearby Elam, it is one of the Cradle of civilization, cradles of civilization, along with ancient Egypt, Egypt, the Indus Valley Civilisation, Indus Valley, the Erligang culture of the Yellow River valley, Caral-Supe civilization, Caral-Supe, and Mesoamerica. Living along the valleys of the Tigris and Euphrates rivers, Sumerian farmers grew an abundance of grain and other crops, a surplus of which enabled them to form urban settlements. The world's earliest known texts come from the Sumerian cities of Uruk and Jemdet Nasr, and date to between , following a period of proto-writing . Name The term "Sumer" () comes from the Akkadian Empire, Akkadian name for the "Sumerians", the ancient non-Semitic languages, Semitic-speaking inhabitan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assyria
Assyria (Neo-Assyrian cuneiform: , ''māt Aššur'') was a major ancient Mesopotamian civilization that existed as a city-state from the 21st century BC to the 14th century BC and eventually expanded into an empire from the 14th century BC to the 7th century BC. Spanning from the early Bronze Age to the late Iron Age, modern historians typically divide ancient Assyrian history into the Early Assyrian period, Early Assyrian ( 2600–2025 BC), Old Assyrian period, Old Assyrian ( 2025–1364 BC), Middle Assyrian Empire, Middle Assyrian ( 1363–912 BC), Neo-Assyrian Empire, Neo-Assyrian (911–609 BC), and Post-imperial Assyria, post-imperial (609 BC– AD 240) periods, based on political events and gradual changes in language. Assur, the first Assyrian capital, was founded 2600 BC, but there is no evidence that the city was independent until the collapse of the Third Dynasty of Ur, in the 21st century BC, when a line of independent kings starting with Puzur-Ashur I began rulin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Babylon
Babylon ( ) was an ancient city located on the lower Euphrates river in southern Mesopotamia, within modern-day Hillah, Iraq, about south of modern-day Baghdad. Babylon functioned as the main cultural and political centre of the Akkadian-speaking region of Babylonia. Its rulers established two important empires in antiquity, the 19th–16th century BC Old Babylonian Empire, and the 7th–6th century BC Neo-Babylonian Empire. Babylon was also used as a regional capital of other empires, such as the Achaemenid Empire. Babylon was one of the most important urban centres of the ancient Near East, until its decline during the Hellenistic period. Nearby ancient sites are Kish, Borsippa, Dilbat, and Kutha. The earliest known mention of Babylon as a small town appears on a clay tablet from the reign of Shar-Kali-Sharri (2217–2193 BC), of the Akkadian Empire. Babylon was merely a religious and cultural centre at this point and neither an independent state nor a large city, s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abstraction (mathematics)
Abstraction in mathematics is the process of extracting the underlying structures, patterns or properties of a mathematical concept, removing any dependence on real world objects with which it might originally have been connected, and generalizing it so that it has wider applications or matching among other abstract descriptions of equivalent phenomena. In other words, to be abstract is to remove context and application. Two of the most highly abstract areas of modern mathematics are category theory and model theory. Description Many areas of mathematics began with the study of real world problems, before the underlying rules and concepts were identified and defined as abstract structures. For example, geometry has its origins in the calculation of distances and areas in the real world, and algebra started with methods of solving problems in arithmetic. Abstraction is an ongoing process in mathematics and the historical development of many mathematical topics exhibits a progres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transaction
A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver. There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including Cash, physical currency, debit cards, or cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date. History There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient cultures worked on princi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inventory
Inventory (British English) or stock (American English) is a quantity of the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work within the process of production—all work that is or has occurred prior to the completion of production". In the context of a manufacturing production system, inventory refers to all work that has occurred—raw materials, partially finished products, finished products prior to sale and departure from the manufacturing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Temple
A temple (from the Latin ) is a place of worship, a building used for spiritual rituals and activities such as prayer and sacrifice. By convention, the specially built places of worship of some religions are commonly called "temples" in English, while those of other religions are not, even though they fulfill very similar functions. The religions for which the terms are used include the great majority of ancient religions that are now extinct, such as the Ancient Egyptian religion and the Ancient Greek religion. Among religions still active: Hinduism (whose temples are called Mandir or Kovil), Buddhism (whose temples are called Vihar), Sikhism (whose temples are called gurudwara), Jainism (whose temples are sometimes called derasar), Zoroastrianism (whose temples are sometimes called Agiary), the Baháʼí Faith (which are often simply referred to as Baháʼí House of Worship), Taoism (which are sometimes called Daoguan), Shinto (which are often called Jinja), C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Good (economics)
In economics, goods are anything that is good, usually in the sense that it provides well-being, welfare or utility to someone.Alan V. Deardorff, 2006. ''Terms Of Trade: Glossary of International Economics'', World Scientific. Online version: Deardorffs' Glossary of International Economics"good" an Goods can be contrasted with bads, i.e. things that provide negative value for users, like chore division, chores or waste. A bad lowers a consumer's overall welfare. Economics focuses on the study of economic goods, i.e. goods that are scarce; in other words, producing the good requires expending effort or resources. Economic goods contrast with free goods such as air, for which there is an unlimited supply.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. Goods are the result of the Secondary sector of the economy which involves the transformation of raw materials or intermediate goods into goods. Utility and characteristics of goods The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
