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THE EVOLUTION OF ACCOUNTING
AND FINANCE
Presentation by Pi Office Products
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
Acc	&	Fin	Cal	Pres	
PHONETIC ALPHABET
First millennium BC the Phoenicians created an alphabet to
enable more detailed reco...
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The key historical events in the evolution of accounting and finance. Noting key steps from the dawn of civilisation to today.

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The evolution of accounting and finance

  1. 1. THE EVOLUTION OF ACCOUNTING AND FINANCE Presentation by Pi Office Products
  2. 2. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X
  3. 3. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid.
  4. 4. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. EGYPTIAN PAPYRUS 5,000BC, Papyrus used as a writing material to record increasing volumes of financial transactions.
  5. 5. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records.
  6. 6. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. THE ADVENT OF THE COIN 600BC. The Lydian Lion coin was minted in Turkey. Believed to be the first money recognised by a State.
  7. 7. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. EMPEROR AUGUSTUS 63BC-14AD. ‘The Deeds of Augustus’ gave a complete record of transactions for the 40 years of his reign, effectively the first government budget statements.
  8. 8. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. MEDIEVAL BANKING SYSTEM 11th Century AD, goldsmiths & jewellers issued receipts which in turn were used as a means of payment and fostering the first banking system.
  9. 9. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. THE CHINESE ABACUS From the 12th century onwards traders from Europe had become to copy the Chinese Abacus system for making financial calculations.
  10. 10. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. DOUBLE ENTRY BOOKKEEPING Attributed to Friar Luca Pacioli in 1494 using this system to enable merchants to organise their records.
  11. 11. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. COST & MANAGEMENT ACCOUNTING From the 1800’s Industrial Revolution accounting procedures were developed for business owners to run their operations.
  12. 12. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. ROYAL CHARTER RECOGNITION A Royal Charter was granted in 1880 by Queen Victoria recognising professional accounting bodies and business standards.
  13. 13. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. THE AGE OF COMPUTERS Advancements in information technology made possible the automation of accounting tasks and financial data. Business owners now making decisions in real time globally.
  14. 14. Acc & Fin Cal Pres PHONETIC ALPHABET First millennium BC the Phoenicians created an alphabet to enable more detailed recording of financial records. PREHISTORIC ROOTS Circa 37,000 years ago our ancestors first recorded economic transactions by carving notches on animal bones. X MESOPOTAMIAN SCRIBES Circa 7,000 years ago, Mesopotamians recorded lists of expenditure to enable tax to be paid. 2016 Desk Calendar for Accounting & Finance Professionals with a donation to Macmillan Cancer Support. www.piofficeproducts.com Available at Amazon http://www.amazon.co.uk/dp/B016OM6ORK
  • SivalaxmiGoteti

    Jun. 10, 2021
  • CristinaLpezAlonso2

    Feb. 5, 2020
  • AbdulmalikBinMarwan

    Aug. 21, 2019
  • AbdulazizMahmed

    Jan. 21, 2018

The key historical events in the evolution of accounting and finance. Noting key steps from the dawn of civilisation to today.

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