Culture Creating Function of Accounting

Abstract

Accounting is inevitably bound up to the culture creating process. The earliest evidence for this accounting function comes from the archive sources dating as early as 8000 years B.C. Research published by outstanding scholars show that since the ancient times accounting has been influencing the development of civilizations. Accountability of collective efforts of society is indispensable in order to fairly divide the resources among involved parties. Accountability was present in the culture creating process not only in the early rural economy, Mesopotamian state-towns, Mycenaean Age and coined-money times, but is also present now and needs still to grow. Accounting together with law, ownership and collective work are the building blocks of culture and civilization.

Keywords: account unit, cost of labour, accounting & culture

JEL Classification: M41