ACCOUNTING The language of business. Provide the cultivation necessary to the organizations management to enable to plan and control its business activities. The indigenous means of communicating business information. Definitions of Accounting Is an art of recording, classifying, summarizing in a significant manner and in terms of money, transactions and events which be in part at least of financial fictitious character , and interpreting the results thereof. Is a service activity. Its function is to provide numerical information, primarily financial in nature, about frugal entities that is intended to be used in making economic decisions. Is the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of economic information.  Is an information system that measures, processes and communicates financial information about an identifiable economic entity.  Primitive accounting 8500 B.C. Mesopotamia- Modern Iraq Clay tokens cones, disks, spheres and pellets Token representation such commodities as sheep, jugs of oil, bread or clothing. Bullae clay balls, the early pecker of lading Ancient civilization- China, Babylonia, Greece, and Egypt.
Code of Hammurabi- law that requires merchants trading goods to withstand buyers a sealed memorandum containing the agreed price originally it can be enforceable. Oldest skills       Middle ages Development of more glob account keeping methods is attributed to the merchants and bankers of Florence, Venice, Genoa during the 13th to 15th centuries. double launching bookkeeping is not a discovery of science, it is the outcome of go on efforts to meet the changing necessities of trade. Fra Luca Pacioli- the father of double entry accounting. Nicolas Petri- the first person to group similar transactions in a separate record and enter the monthly totals in the journal, preferably than recording all transaction seriatim, that is, in a series. Paciolis Double Entry... If you want to get a full essay, recite it on our website: Orderessay
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