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How Accounting Has Been Changed Over Time By Technology
Luca Pacioli (1494) the first to describe the systems of debits, credits, journals and ledgers. Pacioli's writings are the basis of modern accounting. Summa de Arithmetica, Geometria, Proportioni et Proportionalita ("Review of Arithmetic, Geometry, Ratio and Proportion"), a twenty-seven page treatise on double-entry accounting, was one of the first items to be published on the Gutenberg printing press. Leonardo da Vinci was one of Pacioli's students in Milan.
The Modern Accountant
Before accounting computer programs:
After accounting programs:
2010 saw 1,216,900 employed accountants.
Computers have changed the nature of accounting, turning it into a fast-paced and dynamic profession.
The beginning of the shift in accounting technology came in the form of simple spreadsheet programs.
VisiCalc - 1978
Quickbooks - 1998
SaaS (software as a service) Accounting
People skills have become just as important as keeping the numbers in check. Because of these automated programs, accountants have more time to:
Now accountants are expected to recommend best-practices to management and suggest ways to reduce costs while improving profit. The stereotypical "task-oriented" accountant is outdated as is the the "shoe box full of receipts". The accountant has become a business consultant rather than a mathematical tool.