Some mention, that the developed purely in response to the needs of the time brought about by changes in the environment and societal demands. On the other hand, some argue the development of the science of accounting has itself driven the evolution of commerce since, it was only through the use of more precise accounting methods that modern business was able to grow, flourish and respond to the needs of its owners and the public. Either way, the history of accounting throws a light on economic and business history generally, and may help us better predict what is on the horizon as the pace of global business evolution escalates (Alexander, 2002).