These presentation is all about the life of Luca Pacioli. If you have anything to tell me you are free to write me-racy19@gmail.com

1. Welcome
Welcome
A Presentation By
Bro. Racy Daniel Godino, CSC
Date: 22-10-2013

3. cwi‡ek m„wó

4. "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 fiveyear-old Whitey Bernard tugs away from his mother's hand to reach out for his
father.

5. 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.

6. 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

7. Pacioli
Luca

8. Luca
Pacioli

9. 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

10. 1. Introduction

11. Date of Birth: 1445
Place 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, 1517
In 1473- became Franciscan Minor

12. Luca 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

13. Publications
1. summa de arithmetica geometproportioni et proportionalita ria ::
1. summa de arithmetica geometproportioni et proportionalita ria
The Summa is divided into two parts.
The Summa is divided into two parts.
The first portion covers the subjects of arithmetic and algebra,
The first portion covers the subjects of arithmetic and algebra,
the second, geometry.
the second, geometry.
In the arithmetic portion, Pacioli established rules for the
In the arithmetic portion, Pacioli established rules for the
fundamental operations and outlined a method for finding square
fundamental operations and outlined a method for finding square
roots.
roots.
the theory of bookkeeping.
the theory of bookkeeping.
Pacioli explains linear and quadratic equations
Pacioli explains linear and quadratic equations
Throughout the geometric sections, Pacioli applies algebra in order
Throughout the geometric sections, Pacioli applies algebra in order
to investigate the properties of figures.
to investigate the properties of figures.
Published in 1494 in Venice
Published in 1494 in Venice

14. 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 Positioning
2."probleme des partis“
Pacioli is one of the first writers who introduced it into a work on
mathematics.

15. TRACTATUS
• 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 devised
by the merchant. Its regular use provides the merchant with continued
information about his business, and allows him to evaluate how
things are going and to act accordingly. Pacioli recommends the Veiletian
method of double-entry bookkeeping above all others.

16. • Three major books are at the direct basis of this system:
• The Memorandum (memoriale),
• The Journal (giornale), and
• The Ledger (quaderno).
Inventory
Closing System:

17. Double-Entry Accounting
Double-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.”
Scale or Balance
Luca Pacioli
Developer of
Double-Entry
Accounting
T account
Left Side
Receive
DEBIT
Receive
DEBIT
Give
CREDIT
Right Side
Give
CREDIT

18. Accounting before Pacioli and after
Pacioli
 Some principles of double entry system were practiced in Florence in the
late 13th century.
 Merchants and Bankers

19. The Method of Venice
(Double-entry Accounting)
A binary (0,1) method for recording economic events
Invention of the “Debit” and “Credit” concepts from the Italian terminology
Allowed for much easier addition and subtraction before calculators were invented
Debit
Comes from the Italian “debito”
which comes from the Latin “debita” and “debeo”
which means:
OWED TO the proprietor
or an asset of the proprietor
Credit
Comes from the Italian “credito”
which comes from the Latin “credo”
which means:
Trust or belief (in the proprietor)
or OWED BY the proprietor

20. 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 day
Publicized the Method of Venice
Helped to spread literacy in the middle class
Luca Pacioli—the “Father of Accounting”
A mathematician and merchant
Became a Franciscan friar
Franciscans came out of, and ministered to, merchant class
Did not invent double-entry accounting but spread the knowledge

21. Fibonacci
Fibonacci number
Leonardo Pisano Bigollo (c. 1170 – c. 1250

24. IASB
International Accounting Standards Board
 Founded on April 1, 2001
 15 full-time Board members

25. Importance of Accounting
•
•
•
•
•
•
Measurement
Time Management
Personal expenditure management
Budgeting
Systematic records
Knowledge of Debtor and creditor

26. Candyfloss hawker and His Story
Candyfloss hawker and His Story
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”
26

27. Conclusion
Book: 7 Habits
Author: Stephen R. Covey
Habit 3: “Put first things first”.
(Principles of personal management)

28. Thank You