History of Accounting Part 7: 1980-2000

The History of Accounting s THE 1980'S WERE AND 90'S WERE AN ICONIC TIME. WHETHER IT WAS THE NEON COLORS OR OR THE GRUNGE MUSIC, YOU KNEW THE ERA WHEN YOU SAW IT. 1980 - 2000 IN THE WORLD OF ACCOUNTING, SOFTWARE PROGRAMS SUCH AS LOTUS 1-2-3 HELPED REVOLUTIONIZE THE INDUSTRY FOR SMALL AND MEDIUM SIZED BUSINESSES. THE BIRTH OF THE INTERNET ALSO SAW CHANGES SUCH AS THE E-FILE, WHICH WOULD MAKE IT EASIER FOR MILLIONS OF TAX RETURNS TO BE FILED ELECTRONICALLY. 1981 Economic Recovery Act is signed by Ronald Reagan Muhammad Ali retires after fighting Trevor Berbick 00 1983 Lotus 1-2-3 revolutionizes accounting for small and midsize businesses. Capright (C) 19S Latus fevelmnt Carparatim All igits Ieser (serial nusber t fu) Nintendo is released in the U.S. in 1985. Nintendo eNTERTRIrmerT SUSTEM 001986 avEREIEE THE PART AND IT LEAR THE AICPA: PROFESSIONAL INSTITUTION PUBLIC LAW 99-514-OCT. 22. 196 Publie Law S9-514 rh Congres Senate and e of Baontation of the the SConre IN A DYNAMIC SOCIETY BYAMES Dos EVARDE AND PAEL I MIRAN An Act NTON LST Sr Tm-This At may be cited a the "Tas Reform Act f L Tol te al veele he S States of mE TARLE oF coNmE Beit ace ca in ANTE S ere DIVIRAL INCOME TAK PROVONS anderd Dedution d Pa eR adotn Soe anbdte r l wC-Frv ld The Tax Reform Act Su T of t t of 1986 is signed te e ed etio the 4Medil Brol of set und etaine ES e i t E oee E-ROVeao EATING TO CAPITAL Ooer A-Deprecie e tie bende odete Pv AICPA celebrates its 100th Anniversary Sdele-oaf Releletnt Te Ce in 1987 IRS E-File becomes operational nationwide and 4.2 million returns were filed electronically Tim Berners-Lee builds the core of the efile world wide web 1990 1995 The AICPA launches the CPA Vision Project to define the future of the profession Vision Statement CPA are the rated professionals who enable people and orgeriratlons to shape heir aure. Combining invight wth integrity, CPAa deliver value by Communicating the to piture with darty and obinctivity Transleting complx intomation into kenowladge. Anticipating and oreating eppertuniten Desigring pathways that tranaform von into naity Core Purpose Toy Story, the first entirely CPA Makieg sense of a changing computer-animated film, and comples werid. hit theaters. 1999 The Gramm-Leach-Bliley Act is signed by President Bill Clinton SOURCES: www.history.com/this day-in-history/reagan signs-economic-recovery tax-act erta www.hightechhistory.com/2010/01/26/history of-lotus-1-2-3/ www.atr.org/history-president-ronald-reagan-signs-tax-a7946 www.journalofaccountancy.comvissues/2005/oct/ www.irs.gowuacRS-E-Fle:-A-History www.questia.com/ibraryjoumal/1Gi-20131138/creating-a-future www.federalreservehistory.org/Events/DetaiView/53 YOUR COMPLETE AP WORKFLOW & BILL PAY SOLUTION Toll Free: 1.844.982.4557 Email: [email protected] Web: www.xtbills.com XTBILLS