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1 ACCOUNTANCY

1 ACCOUNTANCY

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1 ACCOUNTANCY

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  1. ACCOUNTANCY: Accounting; Bookkeeping; Auditing.

  2. “Key ingredients” of accounting evolution: • Private property; • Capital; • Commerce; • Credit; • Writing; • Money; • Arithmetic.

  3. Luca Pacioli – “Father of Accounting” “The Summa” in 1494: • “Debit”→”Debito”→”Debita”,”Debeo” (owed to the proprietor) • “Credit”→”Credito”→”Credo” (owed by the proprietor)

  4. “Computare” (Latin) “Compter” (French) “Accomptant” (English) “Accountant”

  5. ACCOUNTING Management Financial Accounting Accounting (internal) (external)

  6. ASSETS = OWNER’S EQUITY + LIABILITIES

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