Český finanční a účetní časopis 2006(3):80-85 | DOI: 10.18267/j.cfuc.180

Birth of accountancy

Michal Hora
Ing. Michal Hora - odborný asistent; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <hora@vse.cz>.

This article proposes a way of historical progress of accountancy. Accountancy's infancy dates back to the earliest days of human agriculture and civilization, the Sumerians in Mesopotamia an another civilization, when the need to maintain accurate records of the quantities and relative values of agricultural products first arose. Accounting developed purely in response to the needs of the time brought about by changes in the environment and societal demands. The view to the history helps explain the phenomenal growth that the profession of accountancy has enjoyed worldwide since the first form of accounting record was born. How and why did this relatively new profession develop? Its history is that of human commerce, and even more fundamentally, of writing and the use of numbers and counting.

Keywords: Accounting; Records; History of Accounting.
JEL classification: M41

Published: October 1, 2006  Show citation

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Hora, M. (2006). Birth of accountancy. Czech Financial and Accounting Journal2006(3), 80-85. doi: 10.18267/j.cfuc.180
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