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After the Crusades: Trade dramatically increased between Europe and the Middle East Italy became the intersection for this trade. Business owners needed to know how well their “stewards” were managing. They had to rely on written records. Great need for better recording of transactions: Businesses expanded in size and distance Owner could no longer do everything […]
October 3, 2011
This article discusses the continued development and progression of the accounting industry in response to various economical events from the early 1970’s to the present day. Intermediate accounting theory is presented along with a discussion of the necessity of accounting regulations and standard-setting organizations. Upon completion of this article, the reader will have a greater […]
October 2, 2011
This article discusses the further development and progression of the accounting industry in response to various economical events from the early 1900’s to 1971. Preliminary intermediate accounting theory is presented. Included is a discussion of the formation and publication of early accounting regulations and pronouncements along with the formation and purpose of early accounting standard-setting […]
October 1, 2011
The birth of the accounting system is an interesting one. The need for accounting information as an integral part of business dates back tens of thousands of years. Early accounting methods included the use of tokens and symbols to represent good shipped. The Renaissance Era resulted in increased trade which led to the formal development of […]
Business For Thought 
October 4, 2011
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