History of AccountingHistory of Accounting Painting of Luca Pacioli, attributed to Jacopo de' BarbariAccountancy's infancy dates back to the earliest days of human agriculture and... Read More
ASEAN Federation of Accountants (AFA)ASEAN Federation of Accountants (AFA) The ASEAN Federation of Accountants (AFA) was organized in March, 1977. It was established to serve as the umbrella... Read More
Painting of Luca Pacioli, attributed to Jacopo de' Barbari
Accountancy's infancy dates back to the earliest days of human agriculture and civilizationSumerians in Mesopotamia), when the need to maintain accurate records of the quantities and relative values of agricultural products first arose. This need for record keeping was the synthesis of writing.[citation needed] Simple accounting is mentioned in the Christian Bible (New Testament) in the Book of Matthew, in the Parable of the Talents. The Islamic Quran also mentions simple accounting for trade and credit arrangements
The ASEAN Federation of Accountants (AFA) was organized in March, 1977. It was established to serve as the umbrella organization for the national associations of accounting professionals of the member countries of the Association of South East Asian Nations (ASEAN). AFA originally had only five member-bodies. These are the national accountancy bodies of Indonesia, Malaysia, Philippines, Singapore and Thailand.
Accountancy (profession) or accounting (methodology) is the measurement, statement, or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts.
Accounting (Definition) is a service activity. Its function is to provide quantitative information primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions, and in making reasoned choices among alternative courses of action.
The News
