The Importance of Numeration and the Application of...

The importance of numeration and the application of counting has been present since the beginning of human intelligence. The usage of numbers has undoubtedly evolved significantly as the needs of society have become more and more complex and specific. The intricate business world calls for extensive record keeping and the appropriate communication of financial information to it’s respective parties, which is why accounting came to be. Accounting is universally known as â€Å"the language of business†; in the modern business world accounting revolves around four main financial statements. These statements are known as: the balance sheet, the income statement, the statement of retained earnings and the statement of cash flow. This however, is modern accounting, it has evolved significantly since it first commenced in ancient civilizations. Its hard to say when accounting exactly began, due to the fact that it is centered around the idea of numbers and keeping track of val ues. Some would argue that accounting began as soon things were numbered and these values were written down, while others believe that it took more regulation and organization of this record keeping in order for it to be officially considered as accounting. It is said that accounting originated in ancient Mesopotamia, its development was parallel to the progression of money, counting and writing, due to the fact that accounting is the combination of all three areas of study. The trading in the mesopotamian