Anderson School of Management Theses & Dissertations

Publication Date

5-27-1950

Abstract

Accounting, as we know it today, has evolved from double entry bookkeeping as it was developed in Italy sometime during the thirteenth or fourteenth century. Since its origin to about 1930, accounting had been undergoing a gradual change. The recent widespread use of the corporate type of business has caused the development of accounting to accelerate. This rapid change that accounting has undergone has caused it to be considered a new science. It is new in that it has many new problems to embrace and many new vistas to portray. The many rules that have developed since the origin of accounting are now tearing at the seams with the burden placed on them by the many changes that have occurred in business activity. At present, not just a small number of people are interested in the picture of a business organization as shown by the records of the organization’s activities, but literally thousands are vitally interested. The owners of a business organization are often miles and miles from the center of operations. They know no more about the business than what is shown in records mailed to them at regular intervals. These records must, therefore, be very comprehensive, very accurate, very revealing, and easy to understand. Many of these owners have not had enough experience with business records to understand or analyze short composite reports. Such reports must of necessity be detailed enough to be self explanatory.

Language

English

Document Type

Thesis

Degree Name

Master of Business Administration (MBA)

Level of Degree

Masters

Department Name

Anderson School of Management

First Committee Member

John W. Dunbar

Second Committee Member

Vernon G. Sorrell

Third Committee Member

William James Harmeyer

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