From Baghdad to Wall Street: Accounting’s Journey

Accounting is often called the language of business, but where did it all begin? In this episode, we trace the origins of double-entry bookkeeping back to Baghdad’s House of Wisdom, where scholars laid the groundwork for modern financial systems. We explore how this revolutionary method evolved, from medieval merchants in Venice to today’s global economy. How did a centuries-old innovation shape corporate finance, auditing, and even financial transparency? Join us as we uncover the fascinating journey of double-entry bookkeeping—an invention that transformed commerce and remains the foundation of modern accounting practices.