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    Group 1 presented on the introduction, history, and origins of accounting. They defined accounting as a system that processes financial data and conveys results to decision makers. The presentation covered the functions of accounting in business, the history of double-entry bookkeeping developed by Luca Pacioli in the 14th century, and the core competencies of communication, leadership, strategic thinking, focus, interpreting information, and technology skills required of accountants. The group welcomed any questions at the end of their presentation on fundamentals of accounting.

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    Group 1 presented on the introduction, history, and origins of accounting. They defined accounting as a system that processes financial data and conveys results to decision makers. The presentation covered the functions of accounting in business, the history of double-entry bookkeeping developed by Luca Pacioli in the 14th century, and the core competencies of communication, leadership, strategic thinking, focus, interpreting information, and technology skills required of accountants. The group welcomed any questions at the end of their presentation on fundamentals of accounting.

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    7 views8 pages

    3D Group Presentation

    Uploaded by

    Ella Mae
    Group 1 presented on the introduction, history, and origins of accounting. They defined accounting as a system that processes financial data and conveys results to decision makers. The presentation covered the functions of accounting in business, the history of double-entry bookkeeping developed by Luca Pacioli in the 14th century, and the core competencies of communication, leadership, strategic thinking, focus, interpreting information, and technology skills required of accountants. The group welcomed any questions at the end of their presentation on fundamentals of accounting.

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    GROUP PRESENTATION | Home Objectives Reporters Lesson Login

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    GOOD DAY
    EVERYONE!
    WE ARE GROUP 1
    This presentation focused on the introduction,
    history, and origin of accounting

    Get Started

    FUNDAMENTALS OF ACCOUNTANCY
    BUSINESS AND MANAGEMENT
    GROUP PRESENTATION | Home Objectives Reporters Lesson Login

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    Today's Objectives
    The students will be
    1 able to define accounting.

    The students will be able to explain how


    2 accounting functions in business.

    The students will be able to explain


    3
    the history and origins of accounting.
    The students will be able to identify
    4
    the traits of an accountant.
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    Shin Mikhaela Jeffry Hannah


    Group Leader Assistant Leader Member Member
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    INTRODUCTION OF ACCOUNTING
    WHAT IS ACCOUNTING?
    The Philippine Institute of Certified Public Accountants (PICPA)
    • Accounting is defined by the PICPA as a system that measures
    corporate activities, processes data into reports, and conveys
    results to decision makers.

    The American Institute of Certified Public Accountants (AICPA)


    • According to the AICPA, it is "the art of recording, classifying, and
    summarizing in a significant manner in terms of money, transactions, and
    events that are, at least in part, of a financial nature, and evaluating the
    outcomes thereof."
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    FUNCTION OF ACCOUNTING IN BUSINESS


    • As a language of business, accounting is primarily utilized
    whenever there is business transaction.
    • Accounting is the process of communicating business
    information to business owners and stakeholders

    HISTORY AND ORIGIN OF ACCOUNTING


    • Accounting is as old as civilization itself. It has evolved in response to
    various social and economic needs of men. Accounting started as a
    simple recording of repetitive exchanges.
    • Accounting history is frequently regarded as indistinguishable from
    finance and business history.
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    14TH CENTURY – DOUBLE-ENTRY BOOKKEEPING


    • The spread of double entry bookkeeping by Luca Pacioli (The Father of
    Accounting) in 14th century Italy is often regarded as the most
    important event in accounting history. Pacioli was a friend and
    contemporary of Leonardo da Vinci, and he was highly regarded in his
    day.

    • The Italians of the 14th and 16th centuries are often regarded as the
    forefathers of modern accounting, having been the first to commonly
    employ Arabic numbers rather than Roman numerals for maintaining
    corporate accounts. Summa de Arithmetica by Luca Pacioli was the first
    book published with a full chapter on double-entry bookkeeping.
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    CORE COMPETENCIES OF ACCOUNTANTS


    According to the AICPA, the following are the key competencies that an
    accountant, particularly a certified accountant, must possess.

    • Communication Skills
    • Leadership Skills
    • Strategic and Critical Thinking Skills
    • Ability to Focus
    • Ability to Interpret Converging Information
    • Adeptness with Technology
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    THANK YOU FOR


    PARTICIPATING
    DO YOU
    FUNDAMENTALS OF ACCOUNTANCY
    HAVE ANY
    BUSINESS AND MANAGEMENT
    QUESTION?

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