Essay on the history of the double-entry bookkeeping system

Assignment Help Accounting Basics

Reference no: EM132474248

ACC566 Acc Systems and Processes

Assessment Theory - history of accounting and ethics

Problem 1

History of accounting - essay

It may be difficult to imagine life as an accountant without computers, accounting software, internet, emails, and online banking - these are all things that accountants use almost every day in their role.

Accounting systems used today are, however, largely based on the double-entry bookkeeping system that was developed well before any of the above technology existed.

Required:

Prepare an essay on the history of the double-entry bookkeeping system; how accounting records were prepared/maintained using this system in times prior to the existence of computers, accounting software, internet, emails, and online banking; and how technology has impacted the double-entry system.

Problem 2

Ethics in accounting

Chartered Accountants Australia and New Zealand (CAANZ) and Certified Practising Accountants Australia (CPAA) have a joint code of ethics for professional accountants, issued through the Accounting Professional and Ethical Standards Board (APESB).

Required:

i. List and explain each of the ethical principles in APES 110 Code of Ethics for Professional Accountants (effective from 1 January 2020).

ii. APES 110 Code of Ethics for Professional Accountants (effective from 1 January 2020) also contains a conceptual framework. Discuss the purpose of the conceptual framework as well as its key aspects.

PRESENTATION

It is essential that presentation of assignments adheres to accepted standards in relation to neatness and layout, as you are practicing to present material in a work situation.

You need to provide references and prepare a reference list using the APA referencing style (you may use either the 6th or 7th edition) with your assignment. You need to provide a reference whenever you draw on someone else's words, ideas or research. You should also provide references for any graphic information you use. Films, television programs, personal communications and online sources also need to be referenced.

Attachment:- history of accounting and ethics.rar

Reference no: EM132474248

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