About the History of Financial Accounting

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The history of financial accounting was altered greatly by computers and accounting software that has been developed. Find out how accounting records used to be kept on ledgers with information from an accounting professor in this free video on accounting.

Part of the Video Series: Accounting Careers & Information
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Video Transcript

Hi my name is Shawn Jones, adjunct professor here at Argosy University. Today we're discussing the topic of the history of accounting. The history of accounting is as old as the world, as old as civilization, going back to the beginning of mankind. Over time though that process has changed drastically, especially with the invention of the computer. And if you can think back in time, things such as books, pens, scrolls, have greatly enhanced how accounting has been performed, and how it's functions have changed over time. If I lived for example, two to three hundred years ago, I would be using a book and a ledger to be able to keep track of the money that my business, or the transactions that my business was transacting or having. Today, that would be very different. I would use some type of accounting software or package within a computer. Perhaps even a spreadsheet to keep track of those numbers that are needed to help the business or organization understand its financial data and information. For more information about this topic, please visit our website argosy.edu. There you can find our phone number or an address to come and visit our Salt Lake City campus.


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