CREATIVE ACCOUNTING DEVELOPMENT

Creative Accounting Development we believe that your accounting decisions should be down to you. That is why our services are all tailoured towards supporting you and your business. We are accredited by the Financial Reporting Council and the British Insurance and Investment Brokers' Association as well as being supported closely by the AAT. Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the financial´s form statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable.

Accounting is thousands of years old; the earliest accounting records, which date back more than 7, 000 years, were found in the Middle East. The people of that time relied on primitive accounting methods to record the growth of crops and herds. Accounting evolved, improving over the years and advancing as business advanced. Today accounting is closely run by the Institute of Chartered Accountants in England and Wales.

Early accounts served mainly to assist the memory of the businessperson and the audience for the account was the proprietor or record keeper alone. Cruder forms of accounting were inadequate for the problems created by a business entity involving multiple investors, so double-entry bookkeeping first emerged in northern Italy in the 14th century, where trading ventures began to require more capital than a single individual was able to invest. The development of joint stock companies created wider audiences for accounts, as investors without firsthand knowledge of their operations relied on accounts to provide the requisite information.