The income of temples is recorded in lower Mesopotamia.

4000 B.C

The Lydia Lion, a coin that was minted around 600 BC in a place called Lydia, in Asia Minor (now known as Turkey), is believed to be the first formal form of money.

600 BC

Modern day banking, on the other hand, originated from the goldsmiths of Medieval England around 1000 -1100 A.D.

1000 - 1100 A.D.

Accountants are mentioned in historical records for the first time in the Statute of Westminster indicating they are considered important.

1300 A.D.

Early books from the commune of Genoa display an early form of bookkeeping.

1327 A.D

The Italian trading period sees sophisticated accounting systems developed within banking houses. Double-entry bookkeeping is discovered.

1400 A.D.

Luca Pacioli describes double-entry bookkeeping in his work Summa di Arithmetica, printed in Venice.


An English work by Hugh Oldcastle with the title A Profitable Treatyce called the Instrument or Boke to learn to know the good order of the keepying of the famouse reconynge called in Latyn, Dare and


Jan Ympyn Christoffels' work on the Venetian system of accounts entitled Nieuwe Instructie ende dewijs der looffelijcker consten des rekenboecks is printed in Antwerp.


The third book in English on double-entry bookkeeping entitled The Maner and fourme how to kepe a perfecte reconyng, after the order of...debitour and creditour by James Peele is printed in London by


A Breffe Instruction, and manner on howe to kepe, Merchants Bokes, of Accomptes, by John Weddington, is printed in Antwerp.


Hugh Oldcastle's book is reproduced by John Mellis of Southwark in his work A Briefe Instruction and maner how to keepe bookes of accompts after the order of debitor and creditor. Such was the popular


Another English work called The Merchants' Mirror: or Directions for the perfect ordering and keeping of accounts, framed by the way of Debitour and Creditour after the Italian manner, by Richard Daf


The first Scottish book on accountancy entitled Idea Rationaria, or the perfect accomptant, necessary for all merchants and trafficquers: containing the true forme of book-keeping, according to the It


Josiah Wade founds 'Tribe Clarke and Company' Accountancy firm in Bristol. Work mainly consists of auditing merchants' accounts. Josiah Wade is the oldest firm to trace its continuous existence.


Development of a cost accounting system but also by the implementation of a uniform standard of accounting principles and practices.


The advent of computerization

2000 - Present