Wednesday, May 11, 2011

That's Summa Story! The History of Accounting

"Accountants are generally recognized as making a valuable contribution to society, by providing the information that allows entrepreneurship to flourish, business to operate efficiently, stakeholders’ interests to be protected, shares to be fairly priced, and taxation and audit requirements to be satisfied. Accounting, however, has not always enjoyed such an established position, and today there is often a tendency to take our profession’s status for granted. It is interesting, therefore, to examine the factors that have brought accounting to the preeminent place that it occupies today." To learn more about the history of accounting, read the article "That's Summa Story! From the Caves to CafĂ© Pacioli" by Derry Cotter, FCA. To access the full text of this article, see the Digital Edition of Accountancy Ireland, February 2011, (pages 50-53). Also, visit the magazine's digital archives from 2007 and other archives dating back to 1998.