Double entry book-keeping has been in existence for a long time. In fact it revolutionised the way in which accounting records were kept and what they tried to record. Many events, including the emergence of this form of recording caused the role of the accountant and the purpose of financial statements to change.
Required:
Discuss the emergence of accounting as it is today. You need to identify the major historical events that stimulated change in the way financial statements are prepared.
Your answer should also include the roles of financial accountant.