It has existed for thousands of years, evolving alongside trade and commerce. It is essential for recording transactions and monitoring wealth.

Where are the earliest records of accounting found?

They kept records of taxes, trade, and government finance in the earliest days of accounting

This period marked the start of modern accounting

He is an Italian mathematician who published a book in 1494, first describing double-entry bookkeeping in detail

What book did Luca Pacioli publish that first described double-entry bookkeeping in detail

What does IFRS stand for?

What does PFRS stand for?

What are the regulatory bodies overseeing accounting?

They implement internationally accepted standards, ensuring financial reports are reliable, transparent, and comparable.

They continue the evolution of accounting practices.

When did Luca Pacioli introduce double-entry bookkeeping in Summa de Arithmetica