FLASHBACK.............

CA Swapnil (job ) (1205 Points)

18 May 2009  

8000 BCE Jerry of Jericho First used "tokens" to accurately count the temple's wealth
3100 BCE  Marion the Sumerian Invented Cuneiform writing to determine the king's wealth & tribute payments
Jerome of Rome  Rich Romans kept financial records in memo form and on ledgers. Scribes kept detailed financial records of the Empire
1299 Amatino Manucci Florentine merchant, developed the first known financial records that included all major components of double entry bookkeeping
1494 Luca Pacioli Publication of Summa, which included the first full descripttion of the Italian method of double entry bookkeeping
1772 Josiah Wedgwood Industrial Revolution entrepreneur that developed innovative cost accounting records following a severe recession
1854 William Cooper Early founder of a Big Six firm, important to the development of the British accounting profession
1920 Donaldson Brown GM CFO developed the "modern" cost accounting system used by industrial giants to control vast operations