The accounting history timeline diagram shows the entire history of accounting, starting from 2500 BC showing the accounting records from an ancient civilization, like the Egyptian/Roman/Greek empires where the rulers or Kings kept accounting records for taxing public works and going all the way to 1940 when AICPA and FASB started working together with the Securities Exchange Commission to develop accounting standards for businesses. The accounting history timeline diagram further includes the important updates that happened in-between changing the course of accounting for the betterment of the business world. The timeline diagram below illustrates the events of 1000 BC where the Phenicians created an alphabet with accounting so that they were not cheated through trades with ancient Egyptians. The history timeline also notes how in 423 BC, the auditing profession was born to double-check storehouses as to what came in and out of the door.
