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First, I will discuss how the first accounting records came about and how writing helped to advance them. Second, I will see how Pacioli developed double entry bookkeeping. Third, I will discuss the rise of goldsmith bankers in England and the founding of the Bank of England. Fourth, we'll look at the first federal income tax. Lastly, we'll end by discussing how the Great Depression played a role in accounting and the regulation of financial accounting.
7500BC
The domestication of livestock and grains started at different sites about the same time. Simple tokens were associated with agricultural sites, clay balls of various shapes representing specific goods (e...
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