luca pacioli
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A Presentation By Bro. Racy Daniel Godino, CSC
Date: 22-10-2013
WelcomeWelcome
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"Wait For Me Daddy," by Claude P. Dettloff, October 1, 1940: A line of soldiers march in British Columbia on their way to a waiting train as five-year-old Whitey Bernard tugs away from his mother's hand to reach out for his father.
Terri Gurrola is reunited with her daughter after serving in Iraq for 7 months.Terri Gurrola is reunited with her daughter after serving in Iraq for 7 months.
A German World War II prisoner, released by the Soviet Union, is reunited with his daughter. The child had not seen her father since she was one year old
Luca
Pacioli
Luca Pacioli
Table of content
Introduction Pacioli’s Life Luca Pacioli as a Mathematician Summa de arithmetica, geometria,
proportioni et proportionalita Accounting before Pacioli and after Pacioli Importance of Accounting Conclusion
1. Introduction
Date of Birth: 1445Place of Birth: Borgo San Sepulcro, Tuscan Father’s Name: Bartholomeus Pacioli First teacher: Della Francisca (Painter)
(Masterly connected with mathematics, Science and art)
Died: June 18, 1517In 1473- became Franciscan Minor
Luca Pacioli as a MathematicianLuca Pacioli as a Mathematician
• Names of the Pre author: Leonardo de Pisa (known as Fibonacci),Boethius, Sacrobosco, Ptolemy, Euclid and Archimedes
• Arithmetic, Algebra and Geometry• Three quarter was taken from Fibonacci
PublicationsPublications1. summa de arithmetica geometproportioni et proportionalita ria : The Summa is divided into two parts. The first portion covers the subjects of arithmetic and algebra, the second, geometry. In the arithmetic portion, Pacioli established rules for the fundamental operations and outlined a method for finding square roots. the theory of bookkeeping. Pacioli explains linear and quadratic equations Throughout the geometric sections, Pacioli applies algebra in order to investigate the properties of figures. Published in 1494 in Venice
1. summa de arithmetica geometproportioni et proportionalita ria : The Summa is divided into two parts. The first portion covers the subjects of arithmetic and algebra, the second, geometry. In the arithmetic portion, Pacioli established rules for the fundamental operations and outlined a method for finding square roots. the theory of bookkeeping. Pacioli explains linear and quadratic equations Throughout the geometric sections, Pacioli applies algebra in order to investigate the properties of figures. Published in 1494 in Venice
2. Pacioli’s 1509 publication Divina proportione discussed the “Divine Proportion” or “golden ratio”, and the related theorems of Euclid. Leonardo da Vinci drew the figures for the text that also included results on regular and semiregular polyhedra. Pacioli also published a Latin translation of Euclid’s Elements based on the thirteenth century translation of Giovanni Campanus.
Two problems discovered by Luca Pacioli:1.Method of False Positioning2."probleme des partis“
Pacioli is one of the first writers who introduced it into a work on mathematics.
TRACTATUSTRACTATUS
• More that 3,000 folios • thirteen folios (numbers 198-210) are
dedicated to Venetiail bookkeeping
"You need to know more to be a good merchant than to be a doctor of law" (Summa, folio 199, verso).
According to Pacioli, accounting is an ad hoc ordering system devisedby the merchant. Its regular use provides the merchant with continuedinformation about his business, and allows him to evaluate howthings are going and to act accordingly. Pacioli recommends the Veiletianmethod of double-entry bookkeeping above all others.
• Three major books are at the direct basis of this system:
• The Memorandum (memoriale),
• The Journal (giornale), and
• The Ledger (quaderno).
Inventory
Closing System:
Double-Entry AccountingDouble-Entry AccountingDouble-Entry AccountingDouble-Entry Accounting
“ Double-entry accounting is based on a simple concept: each party in a business transaction will receive something and give something in return. In bookkeeping terms, what is received is a debit and what is given is a credit. The T account is a representation of a scale or balance.”
Luca PacioliDeveloper ofDouble-EntryAccounting
Scale or Balance
ReceiveDEBIT
GiveCREDIT
T account
Left SideReceiveDEBIT
Right SideGive
CREDIT
Accounting before Pacioli and after Pacioli
Accounting before Pacioli and after Pacioli
Some principles of double entry system were practiced in Florence in the late 13th century.
Merchants and Bankers
The Method of Venice(Double-entry Accounting) A binary (0,1) method for recording economic eventsInvention of the “Debit” and “Credit” concepts from the Italian terminologyAllowed for much easier addition and subtraction before calculators were invented
DebitComes from the Italian “debito”which comes from the Latin “debita” and “debeo”which means: OWED TO the proprietor or an asset of the proprietor CreditComes from the Italian “credito”which comes from the Latin “credo”which means:
Trust or belief (in the proprietor) or OWED BY the proprietor
The Franciscan Roots of Modern Accounting
First surviving accounting textbook: “The Summa” written by Fra. Luca Pacioli in 1494 (included illustrations by L. Da Vinci)
A best seller in its dayPublicized the Method of VeniceHelped to spread literacy in the middle class
Luca Pacioli—the “Father of Accounting”
A mathematician and merchantBecame a Franciscan friarFranciscans came out of, and ministered to, merchant classDid not invent double-entry accounting but spread the knowledge
FibonacciFibonacci
Leonardo Pisano Bigollo (c. 1170 – c. 1250
Fibonacci number
IASBIASB
International Accounting Standards Board Founded on April 1, 2001 15 full-time Board members
International Accounting Standards Board Founded on April 1, 2001 15 full-time Board members
Importance of Accounting
• Measurement • Time Management• Personal expenditure management • Budgeting • Systematic records • Knowledge of Debtor and creditor
26
The guy who is selling candy floss in the Photograph here taught a very important lesson “One must finish everyday’s work that day and must not postpone. Before one goes to bed, one must have the satisfaction of having finished whatever one had to do that day”
Candyfloss hawker and His StoryCandyfloss hawker and His Story
ConclusionConclusion
Book: 7 Habits Author: Stephen R. Covey
Habit 3: “Put first things first”. (Principles of personal management)
Thank You