The Evolution Of Accounting by Jerry682Manzo


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									                            The evolution of accounting
Background on accounting
The idea of accounting is an age old practice that has been around since the Mesopotamia era.
The word accountant is from the French word, compter and from the Latin word, computare.
Accounting occurred in the ancient times of Babylon, Assyria, and Sumerian, as well as
Today, in addition to in historic times, we use many forms of accounting. We use accounting
practices in our day-to-day lives in many different aspects. It is vital that we keep “tabs” on
numbers and an eye on our finances as to prevent any mistakes in the long run that could lead
to financial ruin.
                                       The idea behind accounting
                                       There are many functions of both the idea of accounting
                                       and accountants in general. The need for bookkeeping
                                       and records, as well as keeping numbers is both an
                                       organizational tool that is used by many, as well as a
                                       framework for an entire business model. In order for a
                                       business to thrive and progress, it needs to have a strong
                                       sense of bookkeeping properties, which incorporates
                                       accounting greatly. Even in households, there is a large
                                       need for a type of accounting practice. The numbers of
every bill and purchased item needs to be accounted for in one way or another to prevent a
debt or loss of money. This idea of organization and checks and balances is what keeps
bookkeeping and accounting so relevant today.
The idea of specialized accountants is also necessary if the amount of numbers and receipts
and payments is just too much for one or even a few people to keep track of. An accountant by
trade is trained in the idea of accounting for and organizing everything that deals with
bookkeeping and keeping all the numbers organized. A proper accountant knows how to
organize the receipts and payments and keep everything at arm’s length if there is ever a
problem that needs to be addressed down the road.
Accounting today
These days, accounts are more important now than ever. With the advent of computers, there
is a quicker way of doing the actual accounting, but there are so many more things to take into
account. There are more things that are checked and more things that need to be addressed
and accounted for. Just the government alone requires the income tax be filed and an
accountant usually needs to be involved in this tedious transaction. There are many different

                                    Accounting homework
                            The evolution of accounting
forms and specific paperwork that needs to be filled out in order not to miss anything. A proper
accountant has the knowledge to fill out the proper paperwork and send all appropriate
documents to the individual or individuals in question.
It's always required
There are times when many people choose not to use the assistance of an accountant and they
might become confused as to their financial model or not know where some of their revenue
went. This is the time when a productive accountant comes into play. The reality is that even if
an individual or several individuals does not want to use a specialized account to assist them,
they still need to do some type of accounting on their own time and some form of
bookkeeping. Anything that is bought or sold or used
should be accounted for, even if the accounting is done
by the individual themselves and not a professional
Study accounting
In order to become a professional accountant, one needs
to complete a high level of education and study. The
education that is necessary includes all aspects of
accounting and bookkeeping and other facets of the
entire accounting profession. This completion will assist
the prospective accountant for when they start doing the accounting work for customers and
many different people with different jobs, businesses and financial outlooks. A proper
accountant has an education that encompasses the many facets of the accounting process and
has the knowledge and experience to impart their education on the lives of the people that
they work for. An accountant is also able to help the public with their taxes. The taxes for many
people can become a tedious and very confusing process. Since the taxes depend on the how
much money the individual makes, the taxes can change drastically from one person to another
person. This change and variation can be very confusing to most people if they are not well
versed in the accounting specifics. The taxes that an individual pays also incorporate the
property they own, if they have any dependants, and many other factors. The difficulty with
taxes is no one person is able to compare their situation with anyone else, because even small
changes are taken into account and affect the taxes that an individual or family must pay. Then
there are other instances where a professional accountant is able to help individuals get money
from the government through different assisted programs and other perks that certain
individuals are able to obtain.

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                            The evolution of accounting
In recent times, the accounting profession has changed for professional accountants drastically
and the entire bookkeeping and private accounting practices for individuals who do not
practice professional accounting has changed as well. The reason for this change is the internet
and great leaps in technology. The internet and computers in general allow much more
information to easily be inputted into a form than it had ever been before. This makes things
quicker and more easily to be done by anyone, making professional accountants actually more
obsolete, or in essence, easing the job requirements of professional accountants. The internet
and computers has helped in many ways, but there is always a downside to a strong upside.
And, there are more privacy issues with the technological advancements now, more than

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