The evolution of accounting

Sabo Mihaela-Denisa

616D
 What really means
accounting?

IN OUR WORDS: ACCADEMICAL:

It is a systematic process of
Accountancy is a language you use
identifying, recording, measuring,
to communicate the story of your
classifying, verifying,
company to people. Typically, the
summarizing, interpreting and
story varies depending on whether
communicating financial
they are insiders, outsiders, or the
information.
tax authorities.
 A little bit of history about
accounting

1. Ancient times

2. Italian roots

3. Scotland
modernises
accounting

4. Industrial
revolution

5. Importance of
ethics
 Manual accounting

ADVANTAGES

Ease of Always Error System

Correction Available Improvement Errors

DISADVANTAGES

Data Entry Loss of Hard

Copies
Cost
Errors
 Software accounting

ADVANTAGES DISADVANTAGES

Establish Generates
Automates Loss of data Incorrect
new reports for
carriers
processes or service information
you

Organises Helps you

Streamlines System
your save time Cost
tax filing configuration
records and money

Makes it easy
Reduces to share
financial
Fraud
errors
information
 Conclusions

The
conclusion of
my project is
that accounting
is the tool
without which
the world Additionally the conclusion of the
cannot exist, comparative study is that today we
being present cannot operate on manual accounting,
since ancient because we are the generation that
times. appreciates the speed of work.