Introduction to Accounting Information Systems
Introduction
The use of accounting information has been traced back many thousands of years and originally emerged as a means to allow wealthy individuals to keep track of their assets as they bought, sold and/or traded them. Double-entry bookkeeping was first described in 1494 by an Italian monk named Luca Pacioli, when he referred to the system of debits and credits used by merchants in Venice. This system of recording still underpins modern (financial) accounting systems to the present day.
Over time, the commercial environment gradually evolved from primarily family-owned firms to increasingly large and complex entities encompassing a wide variety of stakeholders (e.g. investors, ...
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