What are the signs of the formation of modern accounting

Marks of the Beginning of Modern Accounting Abroad

After three processes:

1.) Cost accounting in the 18th century

2.) The creation of companies in the 19th century, the separation of ownership and operation, and the emergence of the generally accepted accounting principles (GAAP)

3.) The 20th century saw the differentiation of traditional accounting from modern accounting into financial accounting and managerial accounting. This is the beginning of modern accounting. This point should be noted, in the online school on the lecture, the teacher repeated several times