Evolution of Accounting

Evolution of Accounting

Evolution of Accounting Developments in accounting practice, principles and procedures have to keep pace with the changes in economic, social, legal, political and other environments prevalent in a country. Accounting has appeared since the beginning of civilization.l introduction of money, as a medium of exchange, provided the necessary impetus for …

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What Is Accounting

What is accounting

Accounting is moving away from its traditional procedural base, encompassing record keeping and such related work as the preparation of budget and final account, towards a role that emphasized its social importance. In 1953 Littleton defines accounting that ‘the central purpose of accounting is to make possible the periodic matching …

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Accounting – an integral part of business

an integral part of business

Accounting – an integral part of business Accounting, as an integral part of business, helps business in the following four areas:  As an information system, accounting provides relevant financial information as inputs to external users group (creditors, shareholders, customers and so on) for making the right decision in the right …

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Accounting In The Information Age

Accounting In The Information Age Chapter Outlines: Nature and forms of different business organizations Accounting- an integral part of business -Case Study What is accounting Evolution of accounting Development of accounting standards – different standards setting Purpose of accounting Nature and characteristics of accounting Accounting as a language of business …

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