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Historical background of account financial results abroad

Voronkov Alex   (VORONEZH STATE AGRICULTURAL UNIVERSITY NAMED OF THE EMPEROR PETER THE GREAT)

Accounting for financial results emerged when the first trading around 3600 BC. In the ancient world there were systematic and chronological registration, inventory, the first adder, periodic public reporting. All this things laid the foundation for the subsequent development of accounting for financial results. In the Middle Ages the paradigm of a desk and simple accounting was formed, thereby complicating accounting, comparing cash receipts and payments (cash basis). In the second half of XIX century there were various theories accounting for financial results, allowing to reinterpret the meaning of a particular information rate. Further development of accounting thought has led to the emergence of the so-called management accounting with its independent information base.

Keywords:financial results account balance registration capital
 

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Citation link:
Voronkov A. Historical background of account financial results abroad // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2014. -№05-06. -С. 65-66
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