Question: Double entry book-keeping has been in existence for a long time. In fact, it revolutionised the way in which accounting records were kept and what

Double entry book-keeping has been in existence for a long time. In fact, it revolutionised the way in which accounting records were kept and what they tried to record. Many events, including the emergence of this form of recording caused the role of the accountant and the purpose of financial statements to change.

Required: Discuss the emergence of accounting as it is today. Identify the major historical events that stimulated change in the way financial statements are prepared.

AT LEAST 500 WORDS

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