: Wealthy Roman households used daybooks, and governors submitted accounts to Caesar, marking an early form of external financial reporting. The Renaissance: The Birth of Double-Entry (1300 – 1500)
: The introduction of federal income tax in 1913 caused the demand for Certified Public Accountants (CPAs) to grow exponentially. accounting
: In 1494, Italian monk and mathematician Luca Pacioli published Summa de Arithmetica , the first work to codify the double-entry bookkeeping system. : Wealthy Roman households used daybooks, and governors
: Ancient Egyptians documented grain in state granaries using papyrus scrolls and developed early auditing systems to prevent fraud and waste. : Wealthy Roman households used daybooks