An introduction to Accounting classes.

 Over the centuries, accounting still exists limited to keeping financial records accounting function. Theintroduction of accounting and development of the business environment has forced the accountants to reassess their roles and functions both within the organization and outside. The role of an accountant has changed from the role of a simple transaction recorder of members provide relevant information to decision-making group. In general, accounting today is not just a book-Maintain and prepare financial statements. Accountants can now work in exciting fields new growth areas such as: forensic accounting (Solve crimes like hacking and stealing large amounts of money online); e- commerce (design of a
web- based payment system); financial planning, environmental accounting, etc. This perception is due to accountants can provide the kind of information that managers and other interested people need to make better decisions. This aspect of Accounting is becoming more and more important that he has now been raised to the level of a Information system. As an information system, Data collection and reporting Organization information for many categories users have decisions and actions related to its performance.

 Accounting enjoys a remarkable heritage. The history of accounting is as old as Civilisation. The seeds of accounting were most likely first sown in Babylonia and Egypt around 4000 B.C. who recorded transactions of payment of wages and taxes On clay tablets. Historical evidences reveal that Egyptians used some form of Accounting for their treasuries where gold and other valuables were kept. The incharge Of treasuries had to send day wise reports to their superiors known as Wazirs (the Prime minister) and from there month wise reports were sent to kings. Babylonia, Known as the city of commerce, used accounting for business to uncover losses Taken place due to frauds and lack of efficiency. In Greece, accounting was used for Apportioning the revenues received among treasuries, maintaining total receipts, Total payments and balance of government financial transactions. Romans used Memorandum or daybook where in receipts and payments were recorded and Wherefrom they were posted to ledgers on monthly basis. (700 B.C to 400 A.D). China used sophisticated form of government accounting as early as 2000 B.C. Accounting practices in India could be traced back to a period when twenty three Centuries ago, Kautilya, a minister in Chandragupta’s kingdom wrote a book named Arthashasthra, which also described how accounting records had to be maintained. Luca Pacioli’s, a Franciscan friar (merchant class), book Summa de Arithmetica, Geometria, Proportion at Proportionality (Review of Arithmetic and Geometric Proportions) in Venice (1494) is considered as the first book on double entry book- Keeping. A portion of this book contains knowledge of business and book-keeping. However, Pacioli did not claim that he was the inventor of double entry book-keeping But spread the knowledge of it. It shows that he probably relied on then–current Book-keeping manuals as the basis for his masterpiece. In his book, he used the Present day popular terms of accounting Debit (Dr.) and Credit (Cr.). These were the Concepts used in Italian terminology. Debit comes from the Italian debito which comes From the Latin debita and debeo which means owed to the proprietor. Credit comes From the Italian credito which comes from the Latin ‘credo’ which means trust or belief (in the proprietor or owed by the proprietor. In explaining double entry system, Pacioli Wrote that ‘All entries… have to be double entries, that is if you make one creditor, you Must make some debtor’. He also stated that a merchants responsibility include to Give glory to God in their enterprises, to be ethical in all business activities and to Earn a profit. He discussed the details of memorandum, journal, ledger and specialised Accountants have a remarkable legacy. The history of accounting is as old as Civilization. 

The seed of accounting was probably first sown in Babylon and Egypt around 4000 BC. Who records payroll and tax payments On clay tablets. Historical evidence reveals that the Egyptians used some form of Explain to their treasury where gold and other valuables are kept. Manager The treasury has to send daily reports to their superiors called Wazirs (government Prime minister) and from there the sage’s monthly reports were sent to the kings. Babylon, Called the city of commerce, used business accounting to uncover the losses Caused by fraud and inefficiencies. In Greece, accounting was used to Allocate revenues among coffers, maintain total receipts, Government payments and balance of financial transactions. The Romans used Memos or diaries recording receipts and payments and So they were posted in the monthly register. (700 BC to 400 AD). China used a complex form of government accounting as early as 2000 BC. Accounting practice in India dates back to the time when twenty-three Centuries ago, Kautilya, a minister from Chandragupta kingdom wrote a book titled Arthashasthra, also describes how to keep accounting records. Luca Pacioli, a Franciscan (merchant class), book Summa de Arithmetica, Geometria, Proportion at Proportionality Scale) in Venice (1494) is considered the first double book. Maintain. Part of this book contains business and accounting knowledge. However, Pacioli does not claim to be the inventor of double-entry bookkeeping. But spread the knowledge about it. This suggests that he probably relied on Accounting books as the basis for his masterpiece. In his book he used Current popular accounting terms Debt (Dr.) and Credit (Cr.). These are Concepts used in Italian terminology. Debit comes from Italian debit that comes From Latin debita and debeo meaning by owner. Credit to The Italian word of credit is derived from the Latin ‘credo’ which means belief or belief (in owner or debt holder. When explaining the double entry system, Pacioli Wrote that `All entries… must be double entries, i.e. if you are a creditor, you Be a debtor”. He also stated that the trader’s responsibilities include Glorify God in their business, be ethical in all business and Earn a profit. He discusses the details of memos, diaries, ledgers and Accounting guidelines. Learning and maintaining accounts is an art and to become a artist you have to learn the concepts of accounting.

Kiya learning is an platform which helps you to understand and memorise the basic with the help of our trained teachers. We have accounting classes in Australia as well as in other countries. We give live one on one classes with homework and assignments which enhance your learning.