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Evolution of a Profession — 8,000 years of accounting

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    (gentle music)
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    - Who am I?
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    Let's go way back, I come
    from a long line of people
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    who have done some pretty amazing things.
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    - Let's start with writing,
    yep, you could say,
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    we invented it in an ancient valley known
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    as the Cradle of Civilization.
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    We created writing to record transactions.
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    - It began with the symbols we used
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    to represent what was bought, sold,
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    and bartered by the people of the land.
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    Our records not only
    led to written language,
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    but they were also the first form
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    of financial communication.
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    - As amazing as it sounds,
    we made it possible
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    to buy and sell things, to own things.
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    - You ever heard of the Code of Hammurabi?
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    Yeah, we're in there,
    chipped into clay and stone,
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    the first trade laws
    the world had ever seen
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    were forever preserved.
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    - From that moment, let's leap
    forward roughly 3,000 years.
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    Without us, the merchants of Venice
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    might not have known if
    they were making a profit.
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    The only reason they did know
    was because of one of us.
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    - Luca Pacioli, an Italian mathematician,
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    and a friend of Leonardo
    da Vinci, decided to share
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    the idea of double entry
    bookkeeping with the world.
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    - Our practical art of debit and credit
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    now had an accepted form
    and presence in business.
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    Simply put, we help make the
    Age of Discovery possible.
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    - Without us, there'd be no global trade.
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    We began the process of
    making the world smaller.
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    Without one of us on
    board, let's be honest,
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    there's no way Queen Isabella
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    would've allowed Columbus
    to even set sail.
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    - Let's face it, the queen was no fool.
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    She wanted someone to keep an
    eye on the voyage's bounty.
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    - Without us, there would've
    been no American Revolution.
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    We convinced Europe to
    believe in the possibility
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    of a new nation called the
    United States of America
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    and to put their money
    where their mouth was.
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    - It was one of us who
    George Washington called on
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    when he needed a secret weapon.
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    - Washington was desperate
    for cash to seal his victory,
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    and he knew exactly who to
    turn to, a few unsung heroes
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    who knew something about
    money and how to raise it.
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    - And whose face is it on the
    $10 bill, Alexander Hamilton.
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    He created America's
    first financial system.
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    He made our government account
    for itself and he championed
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    the birth of a little thing called
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    the New York Stock Exchange.
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    - We opened up the West
    not only figuring out how
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    to finance the building of a railroad,
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    but also how to keep it on track.
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    In the process, we helped
    transform the United States
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    by funding another kind of revolution,
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    the Industrial Revolution and with
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    that entrepreneurial spirit,
    our profession was born.
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    - You might not see us on
    the cover of Vanity Fair
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    or Rolling Stone, but since
    1913, we've been famous
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    for making sure you paid only
    what is fair on your taxes.
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    - If it was a big idea,
    we helped launch it
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    from the mass production of the automobile
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    to putting a man on the moon.
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    - When the bottom fell out, we jumped in.
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    It was us who FDR relied on to develop
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    the principles that protect investors.
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    - We have people in need and we've come
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    to the rescue of storm
    battered businesses.
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    - Yes, we're the trusted advisors
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    from the Hollywood back lot
    to the Manhattan C-Suite.
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    - From the deli on the corner
    to the digital startup,
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    from Main Street to Wall Street.
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    - We're the ones shining
    a light on transparency
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    and sustainability for all to see.
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    - We are the ones that provide information
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    that fuels a nation of investors.
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    And we are the ones who
    look at things objectively
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    without bias to give you the true picture.
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    - We're the spark that jump
    started financial literacy,
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    encouraging Americans to spend wisely
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    and save for the future.
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    - And that future, we've envisioned it
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    and it's filled with opportunity.
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    - It's a changing and
    complex world we live in
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    and we are helping to make sense of it.
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    - There's a reason the world sees us
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    as honest and ethical, making us one of
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    the most trusted professionals
    around the globe.
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    - It is because our mission
    is and always has been
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    to protect the public interest.
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    - We are the mortar that
    holds capitalism together.
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    Yes, it is amazing, all of these things
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    were done by accountants.
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    - My name is Noelle and I am a CPA.
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    - My name is Steve and I am a CPA.
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Title:
Evolution of a Profession — 8,000 years of accounting
Description:

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Video Language:
English
Duration:
06:03

English subtitles

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