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Accounting is way of the processing and measuring of financial information of financial institutions or organizations. Accounting is divided into different types such as tax accounting, financial accounting, auditing and management accounting.
Management is a study of managing or controlling human beings, things, situations or organizations. In case of companies, it is used to control them to achieve a goal. It includes different types of work altogether- planning, leading, organization etc. There are several fields of management such as finance, marketing, human resource etc.
What is the connection between accounting and management? There is a field named management accounting. In this field, managers use accounting information to inform themselves the details of financial matters before taking any decision of their company. This is how accounting and management are connected to each other. Get history and development of accounting and management assignment help service from myhomeworkhelp.com if you want to know more. We provide 100% original, high quality, plagiarism free and error-free contents.
History and Development of Accounting:
In 1494, accounting was created by an Italian mathematician named Luca Pacioli. Accounting’s history is 1,000 year old. The early growth of accounting began in ancient Mesopotamia. In ancient Iran, historians found proof of early stages of bookkeeping. Early stages of auditing system also began in Egypt and Babylon. In India, an economist and royal advisor, Chanakya, wrote a financial management book named, ‘’Arthasasthra’’ at the time of Mughal Empire. The book consists of detailed information of maintaining books of accounts. Luca Pacioli was the first person who was called ‘’the father of accounting and accounting’’. He introduced accounting to Europe. Students generally face many problems when they study accounting. With our history and development of accounting and management assignment help your each and every doubt will be cleared.
History and Growth of Management:
Management is considered as a concept of late modern historical age. But in ancient Egypt, Sumerian traders used to show management like thoughts. Later, innovations like Hindu numeral of India and double entry book keeping gave a scope for using management skills. Thus management came into existence. In 18th and 19th centuries, at the time industrial revolution, the system of management was shown. To take history and development of accounting and management homework help service visit our website. We assure you that you will not regret the decision.
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