1. Understanding the Misconception Robert Dorsey English 1105 Elizabeth Ownens

2. 3-5 History of Accounting 6-7 The Misconception 8 The Education 9 Accounting Fields 10 Reference Table of Contents

3. Going back 8000 BC, first known evidence of Accounting (agricultural trading) 7500 BC was the first sense of money or currency (clay balls of various shapes and sizes) In 7500 BC it started the term of inventory History of Accounting

4. 2200 BC started to standardize weights and measures of transactions Payments was based on fixed amount silver and grain By the 5th century BC, banks started to accept deposits and give out loans History of Accounting continued

5. By 1300, Giovanni Farolfi and Co, came up with the first double entry bookkeeping system in accounting records 1633-1672 Goldsmiths used safes for deposits of coins 1704 Promissory Note Act passed Josiah began studying his own records for cost structure and overhead cost to beat the recession History of Accounting Continued

6. “Personally, I’ve never fancied myself as “good” at math. I am “OK” at math in my opinion (and the opinion of many standardized tests). In the years that I have worked in accounting, I’ve never found the need to be a mathematician. In fact, knowing a few formulas in Excel has generally covered any math problem I’ve been forced to solve. Working in finance, I have found it necessary to understand more complicated math subjects. However, these still have not been terribly difficult either. – Tiffany Bradford The Misconception

7. Worthy and James Publishing agrees with Tiffany Bradford statement only to state that to understanding accounting is to basically understand accounting only. Basic math is only needed NO EXTREME math courses are required The Misconception

8. Paine College which is a private college and Augusta State University, which is a public university share the same curriculum to have a bachelors degree in Accounting. 42 hours of core classes and 21 hours of major classes Basic guidelines worldwide would be the same The Education

9. Accountants Audit Accounting Certified Public Accounting Chief Financial Officer Tax Accountant &More Accounting Fields

10. http://acct.tamu.edu/giroux/timeline.html http://paine.edu/academics/divs/bus-admin/courses/accounting.aspx http://hull.aug.edu/programs/BBA/bbarequirements.htm http://www.suite101.com/blog/tifferbugz/accounting_good_at_math http://www.worthyjames.com/office-t-0908.html www.webster.com Reference