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  • Brief History of Accounting: Scotland

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    Laura Lara
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    Accounting has its origins in 15th century Italy with Fra Luca Bartolomeo de Pacioli, considered the Father of Accounting. He advocated providing traders with timely financial information on assets and liabilities. Modern accountancy was born in Scotland in the 1800s during the Industrial Revolution as the need for understanding business finances grew. Today, accounting standards and practices are rigorous with requirements for education, ethics, licensing, and commitment to public interest. The largest body of accountants in the US is the American Institute of CPAs, which represents the certified public accountant profession nationally and internationally.

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    Accounting has its origins in 15th century Italy with Fra Luca Bartolomeo de Pacioli, considered the Father of Accounting. He advocated providing traders with timely financial information on assets and liabilities. Modern accountancy was born in Scotland in the 1800s during the Industrial Revolution as the need for understanding business finances grew. Today, accounting standards and practices are rigorous with requirements for education, ethics, licensing, and commitment to public interest. The largest body of accountants in the US is the American Institute of CPAs, which represents the certified public accountant profession nationally and internationally.

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    © All Rights Reserved
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    15 views1 page

    Brief History of Accounting: Scotland

    Uploaded by

    Laura Lara
    Accounting has its origins in 15th century Italy with Fra Luca Bartolomeo de Pacioli, considered the Father of Accounting. He advocated providing traders with timely financial information on assets and liabilities. Modern accountancy was born in Scotland in the 1800s during the Industrial Revolution as the need for understanding business finances grew. Today, accounting standards and practices are rigorous with requirements for education, ethics, licensing, and commitment to public interest. The largest body of accountants in the US is the American Institute of CPAs, which represents the certified public accountant profession nationally and internationally.

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    of 1

    BRIEF HISTORY

    OF ACCOUNTING

    ITALY - 1494
    FRA LUCA BARTOLOMEO

    DE PACIOLI
    FATHER OF ACCOUNTIING
    -"Give the trader without delay
    information as to his assets and ENGLAND - 1800
    liabilities".
    INDUSTRIAL

    REVOLUTION
    Economic capital of the world.
    of agriculture from to manufacturin.
    SCOTLAND born a need to understandig of the
    financial business.
    Petitioned  of the Queen to grant
    them a charter providing them
    legal rights in the provides
    profession of accounting.
    MODERN ACCOUNTANCY WAS BORN

    TODAY

    UNITED STATES
    The AICPA is the largest body of
    RIGOROUST EDUCATIONAL accountant in the USA, which
    REQUERIMENTS represent the Certified public
    accountants profession nationally.
    -High professional standart
    -Code of professional ethics
    -Licensing status
    -Commitment to serving the
    public interest

    2013

    UNITED STATES
    Companies whose stock trading
    on his exchange were worth
    approximately 16 trillon dollars.

    ACCOUNTING IS
    PRESENT HERE AS
    WELL
    The economic capital of the
    world is NEW YORK CITY, and
    specifically Wall Street.

    Accountants provide the financial data that help investors analyze companies
    for potential investing decitions.

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