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Article: XBRL GL: the general ledger gets its groove.(XBRL)
- Article from:
- Strategic Finance
- Article date:
- September 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Institute of Management Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Each year, Accounting Today publishes a list of the top 100 technology products for accounting. Although the list contains several broad categories of software that helps businesses get their work done, the fact that so many different choices are available is evidence that the accounting market is very diverse, robust, and fundamentally flawed. See www.webcpa.com/article.cfm?articleid=9747 for the 2005 article.
Modern accounting was born centuries ago when the only method of recording business transactions was pen on paper. Fourteenth century Italian merchants are credited with developing double-entry bookkeeping, the system of recording each business transaction ...