Origin of Accounting

Accounting historians have attempted to relate their knowledge of the variety of accounting practices at various points of time, and in various places. It is to wider questions of the role of accounting in reflecting and shaping not only business and management practice, but also economic and social organization more generally. Finley's classic "The Ancient Economy", which analyzed the embedded-ness of ancient economic activity in the social structure, and in the status concerns of the …

…of accounting in their daily life. They didn¡¦t formalize the rules or introduced proper financial system; and defined financial terms but they were involved either consciously or unconsciously in daily accounting transactions. So to me, these are the people who have introduced this system of ¡§Accounting¡¨ which has now so much importance in our daily life.