The evolution of accounting

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The Evolution of Accounting

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The evolution of accounting
Background on accounting The idea of accounting
is an age old practice that has been around since
the Mesopotamia era. The word accountant is from
the French word, compter and from the Latin word,
computare. Accounting occurred in the ancient
times of Babylon, Assyria, and Sumerian, as well
as Mesopotamia.

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The evolution of accounting
Today, in addition to in historic times, we use
many forms of accounting. We use accounting
practices in our day-to-day lives in many
different aspects. It is vital that we keep
tabs on numbers and an eye on our finances as
to prevent any mistakes in the long run that
could lead to financial ruin.

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The evolution of accounting
The idea behind accounting There are many
functions of both the idea of accounting and
accountants in general. The need for bookkeeping
and records, as well as keeping numbers is both
an organizational tool that is used by many, as
well as a framework for an entire business model.

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The evolution of accounting
In order for a business to thrive and progress,
it needs to have a strong sense of bookkeeping
properties, which incorporates accounting
greatly. Even in households, there is a large
need for a type of accounting practice. The
numbers of every bill and purchased item needs
to be accounted for in one way or another to
prevent a debt or loss of money. This idea of
organization and checks and balances is what
keeps bookkeeping and accounting so relevant
today.

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The evolution of accounting
Specialization The idea of specialized
accountants is also necessary if the amount of
numbers and receipts and payments is just too
much for one or even a few people to keep track
of. An accountant by trade is trained in the
idea of accounting for and organizing everything
that deals with bookkeeping and keeping all the
numbers organized.
A proper accountant knows how to organize the
receipts and payments and keep everything at
arms length if there is ever a problem that
needs to be addressed down the road.

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The evolution of accounting
Accounting today These days, accounts are more
important now than ever. With the advent of
computers, there is a quicker way of doing the
actual accounting, but there are so many more
things to take into account. There are more
things that are checked and more things that need
to be addressed and accounted for.

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The evolution of accounting
Just the government alone requires the income tax
be filed and an accountant usually needs to be
involved in this tedious transaction. There are
many different forms and specific paperwork that
needs to be filled out in order not to miss
anything. A proper accountant has the knowledge
to fill out the proper paperwork and send all
appropriate documents to the individual or
individuals in question.

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The evolution of accounting
It's always required There are times when many
people choose not to use the assistance of an
accountant and they might become confused as to
their financial model or not know where some of
their revenue went. This is the time when a
productive accountant comes into play.

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The evolution of accounting
The reality is that even if an individual or
several individuals does not want to use a
specialized account to assist them, they still
need to do some type of accounting on their own
time and some form of bookkeeping. Anything that
is bought or sold or used should be accounted
for, even if the accounting is done by the
individual themselves and not a professional
accountant.

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The evolution of accounting
Study accounting In order to become a
professional accountant, one needs to complete a
high level of education and study. The education
that is necessary includes all aspects of
accounting and bookkeeping and other facets of
the entire accounting profession.
This completion will assist the prospective
accountant for when they start doing the
accounting work for customers and many different
people with different jobs, businesses and
financial outlooks.

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The evolution of accounting
A proper accountant has an education that
encompasses the many facets of the accounting
process and has the knowledge and experience to
impart their education on the lives of the people
that they work for. An accountant is also able
to help the public with their taxes.
The taxes for many people can become a tedious
and very confusing process. Since the taxes
depend on the how much money the individual
makes, the taxes can change drastically from one
person to another person.

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The evolution of accounting
This change and variation can be very confusing
to most people if they are not well versed in the
accounting specifics. The taxes that an
individual pays also incorporate the property
they own, if they have any dependants, and many
other factors.

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The evolution of accounting
The difficulty with taxes is no one person is
able to compare their situation with anyone else,
because even small changes are taken into account
and affect the taxes that an individual or family
must pay. Then there are other instances where a
professional accountant is able to help
individuals get money from the government through
different assisted programs and other perks that
certain individuals are able to obtain.

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The evolution of accounting
Summary In recent times, the accounting
profession has changed for professional
accountants drastically and the entire
bookkeeping and private accounting practices for
individuals who do not practice professional
accounting has changed as well.
The reason for this change is the internet and
great leaps in technology. The internet and
computers in general allow much more information
to easily be inputted into a form than it had
ever been before.

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The evolution of accounting
This makes things quicker and more easily to be
done by anyone, making professional accountants
actually more obsolete, or in essence, easing the
job requirements of professional accountants.
The internet and computers has helped in many
ways, but there is always a downside to a strong
upside. And, there are more privacy issues with
the technological advancements now, more than
before.

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The Evolution of Accounting
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