What are the stages of accounting development?

Development of Accounting:

1 Stages in the Development of Accounting in Ancient Times:

Ancient civilizations such as China, Babylon, Egypt, India and Greece have left records of accounting activities. At that time, accounting was basically just some simple records, double-entry bookkeeping has not yet appeared, is the prototype of accounting.

2 Modern accounting development stage:

Generally believed that modern accounting began before and after the formation of double-entry bookkeeping. 1494, the mathematician Luca Pacioli in the "Summary of Arithmetic, Geometry, Ratio and Proportion," which is dedicated to the basic principles of double-entry accounting. --This was the first milestone in the history of accounting development.　　

After the industrialized revolution, there was a marked development in accounting theory and methods, thus completing the transformation from bookkeeping to accounting.　　

In 1854, the world's first Institute of Chartered Accountants was established in Scotland, which is regarded as another milestone in the history of accounting development after double-entry bookkeeping.

3 Modern accounting development stage:

"Generally Accepted Accounting Principles" of the "Accounting Research Bulletin" (ARB) as a starting point. This stage of accounting development, accounting theory and accounting practice have made amazing development, marking the development of accounting into a mature period.　　

In addition, management accounting was separated from the traditional, monolithic accounting system, marking the third milestone in the history of accounting development.

Extended information:

Modern accounting is a product of the commodity economy. Its main symbols: first, the use of monetary measurement for value accounting; second, the extensive use of double-entry bookkeeping, thus forming the basic characteristics of modern accounting and the cornerstone of development.

Since the 20th century, especially after the end of the Second World War, the degree of socialization of capitalism's production has been unprecedented development, modern science and technology and economic and management sciences development by leaps and bounds, by the socio-political, economic and technological environment, the traditional financial accounting is constantly enriched and perfected, and financial accounting is more standardized, generalized and standardized.

At the same time, the accounting discipline in the 1930s on the basis of cost accounting, closely matching the needs of modern management theory and practice, and gradually formed for the internal management of enterprises to provide information on the management accounting system, so that the accounting work from the traditional after the fact bookkeeping, accounting, reporting, to the prediction and decision-making beforehand, the supervision and control of the matter, the aftermath of the accounting and analysis.

The emergence and development of management accounting is a great change in the history of accounting development, since then, modern accounting has formed two branches of financial accounting and management accounting. With the rapid development of modern production, economic management level, electronic computer technology is widely used in accounting, so that the collection of accounting information, classification, processing, feedback and other operational procedures to get rid of the traditional manual operation, greatly improving the efficiency of the work, to achieve a fundamental change in the science of accounting.

The time span of modern accounting is since the 1950s. During this period, the development of accounting methods, technology and content of two important signs, one is the accounting means of a qualitative leap, that is, the integration of modern electronic technology and accounting, resulting in the "computerization of accounting", and the second is that accounting with the development of production and management science and the differentiation of the two branches of financial accounting and management accounting.

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