Development of Business Organization and Accounting: Historical Simultaneity and Congruity

Students and researchers study accounting history and theory to establish relationship between development of accounting and forms of managing business activities. This monograph documents how business organizations have developed and transformed over time to record transactional facts, enumerate results, exhibit financial conditions, and establish control on business management. Further, it provides readers with a compressive and practical grounding, evidence, facts, and logics of the development in accounting vis-à-vis the development of business forms. It is composed of eight chapters. Chapter I annotates the development of organization and accounting practices before the birth of Jesus Christ. Chapter II details the development since Jesus Christ up to Luca Pacioli. Chapter III outlines the development from 1500-1750. Chapter IV examines development during and after industrial revolution. Chapter V-VII examine development until the 1980s. Chapter VIII makes a brief summary with remarks. This monograph, thus, highlights the simultaneity and congruity of accounting and business organization development over 6500 years.