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A number of reports by academicians and practitioners all over the world have called significant change in the accounting methods and research and their relevance in the 21st century. Many believe that the accounting model is outdated with little relevance to the changes taken place in the wider world. Both the academicians and practitioners agree that if accounting is to serve a useful role in the changing environment, accounting education and accounting research should become more broader, dynamic and not constraint by a single approach. Despite these facts, the academicians and practitioners both stated that the accounting methods taught and practiced have changed significantly. ... ancient Egypt, China, Greece and Rome followed a similar accounting methods compared to the Mesopotamian. ... Although such records were important ancient Egyptians, Chinese, Greek and Romans accounting never progressed beyond simple list making in its thousands of years of existence (ACAUS, 1999).
Thousands of years after the fall of the Roman Empire, publication of Pacioli’s Summa is widely viewed as the period of accounting stagnation and medieval practices outside Italy were often ignored (ACAUS, 1999). ... The central task of accounting during this era was a means for the government or property owner to monitor those in the lower portions of the socioeconomic “pyramid” (ACAUS, 1999). The oldest surviving accounting record in English, dated from 1130 through 1830 A. ... When the information technology of accounting was paper, pencil and abacus, the technological foundation of accounts was journals, ledgers and double-entry bookkeeping (Alles, Kogan & Vasahelyi, 2000). After information technology had progressed to computers and networks, accounting shifted to database management and enterprise resource planning. ...
Critics of accounting education charge that its programs and curricula have failed to remain relevant to students and employers (Albrecht & Sack, 2001).
Approximate Word count = 1378
Approximate Pages = 5.5
(250 words per page double spaced)
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