Amit Coaching Centre

    ( An Institute of Professional Studies )

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Amit Agarwal


Our goal is simple: To create learning success stories.
Our Institute’s aim in to work towards success of every student. Basic thrust is to provide excellent study material & guidance to students in a personalized environment according to requirement of Course. ACC is always trying to push the bar a little more, constantly innovating and never standing still. If these are values you believe in too, you will do well at here, If you have the drive and determination, want to do smart work, come to ACC and we will help you to realize your dream.

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History of accounting

The name that looms largest in early accounting history is Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his Summa de Arithmetica, Geometria, Proportioni et Proportionalita. Of course, businesses and governments had been recording business information long before the Venetians. But it was Pacioli who was the first to describe the system of debits and credits in journals and ledgers that is still the basis of today's accounting systems  

         Accounting is a glorious but misunderstood field. The popular view is that it's mostly mind-numbing number-crunching; it certainly has some of that, but it's also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it's people skills, not technical knowledge, that are crucial to their success. And although it's often thought of as a discipline of pinpoint exactitude with rigid rules, in practice accountants rely heavily on best estimates and educated guesses that require careful judgment and strong imagination.
Actually, stereotyping accounting and accountants, either positively or negatively, is useless because accounting involves so many different activities. The short-but-sweet description of accounting is "the language of business." A more formal definition is offered by The American Accounting Association: "The process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information."
       However defined, accounting plays a vital role in facilitating all forms of economic activity in the private, public and nonprofit sectors, in endeavors ranging from coal mining to community theater to municipal finance.

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Update up to - Date: 12/10/2015

An Institute For XI, XII (commerce), B.Com, M.Com (ABST, EAFM), CA, CS & BBA.