The history of accounting is as old as civilization and is among the most important professions in economic and cultural development. Much of what we know about the daily lives of ancient people comes from accounting records, such as inventories and sales records, found at archeological sites. People in all civilizations have maintained various types of records of business activities and the earliest known records kept are the clay tablet records for the payment of wages in the Mesopotamian Valley around 3500 BC.
The Mesopotamian Valley is now mostly in the borders of Iraq. The Valley, which included the city of Babylon, was an especially rich area of agriculture. As farmers prospered, support businesses and small industries developed and the area became a regional center for economic commerce. In fact, the Babylonian Empire was the most powerful state in that time and Babylonian became the language of business and politics.
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