Tag: accounting

1110 ID: 5819

Exchequer system formalized - sheriffs must account twice yearly for all royal revenues from their shires, including from granted lands

ID: 5819

👤 Henry I of England

📍 Winchester

accounting administration sheriff exchequer pipe rolls

Winchester

1400 ID: 2170

Medici bank pioneers double-entry bookkeeping for international branches - creating internal law of accounts, foundation for corporate accounting

ID: 2170

📍 Florence

law banking accounting corporation

Florence

1494 ID: 108

Luca Pacioli publishes 'Summa de arithmetica' including double-entry bookkeeping - spreading Venetian method across Europe

ID: 108

printing commerce mathematics accounting

1494 ID: 2182

Luca Pacioli publishes Summa de Arithmetica including double-entry bookkeeping - spreading legal framework for corporate accounting

ID: 2182

law mathematics accounting bookkeeping corporation

1494 ID: 2289

Augsburg Fugger bank pioneers double-entry bookkeeping for bankruptcy proceedings - systematic accounting of assets and liabilities

ID: 2289

📍 Augsburg

law accounting bankruptcy bookkeeping Fugger

Augsburg

1700 ID: 467

Double-entry bookkeeping becomes standardized across European merchant houses, providing mathematical proof that books balance and reducing fraud

ID: 467

mathematics accounting double-entry bookkeeping business standardization

1720 ID: 468

South Sea Bubble collapse exposes financial manipulation, creating first major calls for transparent financial reporting and standardized accounting

ID: 468

South Sea Bubble accounting financial crisis transparency

1760 ID: 558

Industrial Revolution transforms accounting - shift to mechanized factories creates need for cost accounting systems

ID: 558

manufacturing accounting Industrial Revolution cost accounting

1770 ID: 578

Josiah Wedgwood implements revolutionary cost accounting at pottery factory - uses accounting for management decisions

ID: 578

👤 Josiah Wedgwood

accounting cost accounting pottery management

1793 ID: 2325

Lord Loughborough establishes modern partnership accounting - partners entitled to full accounting on dissolution

ID: 2325

📍 Prouille

law dissolution accounting partnership fiduciary duty

Prouille

1795 ID: 656

James Watt conducts first modern audit at Soho Manufactory - model for business verification

ID: 656

👤 James Watt

accounting business audit Watt

1800 ID: 674

Railroad expansion drives accounting innovation - need for tracking costs across routes and time periods

ID: 674

accounting management railroads capital budgeting

1844 ID: 843

British Joint Stock Companies Act - first law requiring annual financial statements and audits

ID: 843

accounting audit Joint Stock corporations

1854 ID: 898

Institution of Accountants in Glasgow founded - world's first professional accounting body

ID: 898

📍 Glasgow

accounting Glasgow profession standards

Glasgow

1870 ID: 977

Institute of Chartered Accountants in England and Wales established - creates CA designation

ID: 977

England accounting Wales Chartered Accountant

1880 ID: 1025

American Association of Public Accountants founded in New York - predecessor to AICPA

ID: 1025

📍 New York

accounting New York AICPA American Association

New York

1886 ID: 1072

Arthur Andersen & Co. founded in Chicago - pioneers accounting as business consulting

ID: 1072

👤 Arthur Andersen

📍 Chicago

accounting Chicago Arthur Andersen consulting

Chicago

1887 ID: 1077

AICPA precursor organizations begin forming - state-level accounting societies emerge

ID: 1077

accounting AICPA state societies regulation

1896 ID: 1125

First CPA law passed in New York State - legal recognition of accounting as licensed profession

ID: 1125

📍 New York

accounting New York CPA first law

New York

1909 ID: 1183

16th Amendment to US Constitution ratified: Allowing federal income tax - Previously, most federal revenue came from tariffs; now complex tax calculations become essential

ID: 1183

accounting taxation 16th Amendment income tax

1913 ID: 1220

Federal Reserve System established: To provide banking stability after repeated financial panics - drives standardization of banking accounting

ID: 1220

banking accounting Federal Reserve financial system

1917 ID: 1249

Income tax becomes permanent in US to fund World War I - creates massive demand for tax accountants

ID: 1249

accounting taxation income tax World War I

1920 ID: 1290

Standard costing systems developed for mass production industries like automobiles

ID: 1290

accounting mass production standard costing Ford

1929 ID: 1359

October 29, 1929

Stock Market Crash on 'Black Tuesday' - Many companies had provided misleading financial data to investors

ID: 1359

accounting Stock Market Crash Black Tuesday fraud

1930 ID: 1370

American Institute of Accountants issues first accounting principles bulletin - Beginning systematic effort to create consistent accounting rules

ID: 1370

accounting standards regulation principles

1930 ID: 4250

Remington Rand develops line of accounting machines and calculators to compete with IBM in business market

ID: 4250

🏢 Remington Rand

innovation accounting computing

1932 ID: 1396

Revenue Act creates modern corporate tax structure with complex depreciation rules and tax planning strategies

ID: 1396

accounting taxation Revenue Act corporate tax

1933 ID: 1410

Securities Act passed by Congress - Requires companies selling stock to provide detailed registration statements with audited financial data

ID: 1410

accounting regulation Securities Act New Deal

1933 ID: 4235

IBM introduces Type 285 Printing Tabulator and Type 401 Alphabetical Accounting Machine

ID: 4235

🏢 International Business Machines Corporation (IBM)

innovation accounting IBM computing

1934 ID: 1426

Securities Exchange Act creates Securities and Exchange Commission (SEC) - Establishing federal oversight of accounting standards

ID: 1426

accounting regulation SEC Securities Exchange Act

1936 ID: 1444

American Accounting Association founded to advance accounting education and research in universities

ID: 1444

education accounting AAA academic discipline

1940 ID: 1495

Committee on Accounting Procedure established to create generally accepted accounting principles (GAAP)

ID: 1495

accounting standards GAAP Committee on Accounting Procedure

1950 ID: 1635

Electronic data processing begins transforming accounting practice

ID: 1635

automation accounting electronic data processing computers

1953 ID: 1672

Arthur Andersen installs first computer for business use (UNIVAC I) for General Electric payroll

ID: 1672

accounting Arthur Andersen General Electric UNIVAC I

1960 ID: 1760

Computer technology begins automating bookkeeping tasks - transforming accounting profession

ID: 1760

automation accounting computer technology bookkeeping

1996 ID: 3014

Fair value accounting concepts gain prominence - FASB begins requiring market value measurements for certain investments, shifting from historical cost to current market values

ID: 3014

finance accounting regulation FASB market value

1997 ID: 3021

Asian Financial Crisis highlights need for consistent international accounting standards - inadequate financial reporting contributes to economic instability across Asia

ID: 3021

Asia accounting financial crisis economics regulation

1998 ID: 3030

International Accounting Standards Committee restructures to become more effective in developing global accounting standards

ID: 3030

accounting standards international restructuring IASC

1999 ID: 3039

FASB and International Accounting Standards Committee begin formal convergence efforts

ID: 3039

accounting standards international FASB convergence

2000 ID: 3047

Y2K preparations force massive modernization of accounting systems worldwide

ID: 3047

technology accounting systems modernization Y2K

2001 ID: 3070

Enron scandal exposes massive accounting fraud - company collapses despite reports of strong profits

ID: 3070

scandal accounting collapse fraud Enron

2003 ID: 3092

Public Company Accounting Oversight Board (PCAOB) begins operations to regulate auditing of public companies

ID: 3092

accounting regulation auditing PCAOB oversight

2004 ID: 3105

International Financial Reporting Standards (IFRS) adoption accelerates globally - EU requires IFRS for public companies

ID: 3105

accounting standards international EU IFRS

2005 ID: 3123

FASB Statement 123R requires companies to record stock options as expenses

ID: 3123

accounting regulation FASB stock options expenses

2007 ID: 3144

Fair value accounting becomes prominent in financial instruments

ID: 3144

accounting FASB fair value financial instruments volatility

2008 ID: 3160

Global Financial Crisis leads to intense scrutiny of accounting standards, particularly fair value accounting

ID: 3160

accounting financial crisis standards fair value scrutiny

2009 ID: 3173

FASB issues guidance on fair value measurements during market stress

ID: 3173

accounting financial crisis FASB fair value guidance

2011 ID: 3206

International Integrated Reporting Council established to promote combined financial and non-financial reporting

ID: 3206

accounting integrated reporting sustainability IIRC non-financial

2013 ID: 3250

FASB and International Accounting Standards Board issue converged revenue recognition standard

ID: 3250

accounting FASB convergence IASB revenue recognition

2014 ID: 3267

Current Expected Credit Loss (CECL) model introduced requiring banks to recognize loan losses earlier

ID: 3267

banking accounting CECL credit losses forward-looking

2015 ID: 3280

New lease accounting standards issued (ASC 842) requiring most leases on balance sheets

ID: 3280

accounting standards leases ASC 842 balance sheet

2016 ID: 3291

Revenue recognition standard (ASC 606) implementation begins - fundamentally changing how companies record sales

ID: 3291

accounting standards implementation revenue recognition ASC 606

2017 ID: 3302

Tax Cuts and Jobs Act significantly changes corporate tax accounting

ID: 3302

accounting international corporate tax Tax Cuts and Jobs Act depreciation

2018 ID: 3311

Revenue recognition standard becomes effective for public companies - massive system changes required

ID: 3311

accounting public companies effective revenue recognition ASC 606

2019 ID: 3322

Lease accounting standard implementation for public companies - brings most leases onto balance sheets

ID: 3322

accounting public companies leases ASC 842 balance sheet

2024 ID: 3397

Artificial intelligence and machine learning begin transforming audit processes through automated analysis

ID: 3397

automation accounting data analysis auditing AI

Events Tagged: "accounting"

56 events with tag "accounting"