Conclusions

The Future of Accounting

Well, that’s it. Accounting started with civilization, grew up with, and was an integral part. Inventory control with tokens, abstract concepts of numbers, writing, the birth of banking and finance, double-entry bookkeeping, tracking increasingly complex business, understanding big business operations—especially bankruptcy avoidance, auditing and other monitoring functions, professional accounting as part of professional administration, taxes, converting instantaneous data to financial decision making, developing internal controls, obvious accounting applications as the first uses of business computing, integrating immense financial information into usable statements and reports for management, investors, ...

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