1300 36 33 32

This book is divided into two distinct sections. Based on recent archaeological, historical and accounting research, the first part deals with the emergence of accounting practice. The 10,000 year-old history of accounting is traced back to the Sumerian token accounting and token-envelope accounting (the latter of the 4th millennium BC.). Small clay tokens inside a clay envelope stood for individual assets while the impressions of those tokens on the surface of the envelope represented the totality of the corresponding equity. From this arose (in the 3rd millennium BC.) the crucial innovaton of proto-cuneiform bookkeeping that led to abstract counting and writing on clay tablets. The book also illustrates the astounding sophistication manifested in some of the accounting and budgeting procedures of the time. The second part examines the first known manuscript that contains descriptions of accounting activities: this is Kautilya's Arthasastra , written about 300 BC in India. A little known work in Western accounting, it contains sections describing various accounting, budgeting and taxation aspects. Surprisingly it deals with relatively modern notions, such as the need for price-care or price-level changes, long before such ideas arose in the West. Contrary to poular belief, there is also evidence that this relatively advanced state of Hindu accounting may later have predisposed Indian mathematics to be the first to legitimize negative numbers. This text presents a series of often controversial, but well researched hypotheses, which makes it an important and enlightening read for both academics and professionals.

Buy Beginnings of Accounting Practice and Accounting Thought book by Richard Mattessich from Australia's Online Bookstore, Boomerang Books.

Book Details

ISBN: 9780815334453
ISBN-10: 0815334451
Format: Hardback
(216mm x 140mm x 13mm)
Pages: 350
Imprint: Garland Publishing Inc
Publisher: Taylor & Francis Inc
Publish Date: 12-Oct-2000
Country of Publication: United States

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Beginnings of Accounting Practice and Accounting Thought book by Richard Mattessich and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write Review


Books By Author Richard Mattessich

Reality and Accounting by Richard Mattessich

Reality and Accounting

Hardback, July 2013
$201.60
Two Hundred Years of Accounting Research by Richard Mattessich

Two Hundred Years of Accounting Research

Paperback, February 2011
$63.89