LUCA PACIOLI

Prepared by DASHA RUDNEVA

 INTRODUCTION

• Accounting is an integral part of the

modern economic system. If we make a
small digression into history, it turns out
that the ideas about money and the way
they are accounted for are inextricably
linked with the existing economic
system. So for antiquity with its
categories of corporeal were quite
natural ideas about money as cash. In
ancient Rome, slaves were also used as
money, which led to the accumulation
of a huge amount of living "cash" in
Rome.
 BIOGRAPHY

• Luca Pacioli was born in 1445 in a small town in

Borgo San Sepolcro in the Apennines. As a child,
he was apprenticed to a local monastery to the
artist Piero della Francesco. In 1464, Pacioli
moved to Venice, where he raised the sons of the
merchant Antonio de Rompiasi. It was at this time
that Pacioli became acquainted with financial
activities. In 1470, Pacioli moved to Rome, where
he finished his textbook of commercial arithmetic.
 SINCE 1477,

• Pacioli has been teaching at the University of Perugia for ten years,
where his scientific and teaching abilities were marked by repeated
salary increases. It was at this time that Pacioli wrote his main work
- “Summa de Arithmetica, Geometria, Proportioni et
Proportinalita”, the eleventh chapter of which was the “Treatise on
Accounts and Records”. In 1488, Pacioli left the chair in Perugia
and left for Rome, where for five years he was on the staff of
Bishop Pietro Valletari. In 1493, Pacioli moved to Venice, where he
prepared his book for publication, which was published the
following year.
 AFTER A YEAR OF REST.

• After a year of rest, Pacioli accepts a chair at

the University of Milan, where he teaches
mathematics. There he meets and becomes a
friend of Leonardo da Vinci. In 1499, after the
occupation of Milan by the troops of the
French king Charles VIII, Pacioli and da Vinci
moved to Florence, where Pacioli taught
mathematics for two years, after which he
moved to Bologna for another two years, a
city in which almost half of the city budget
was spent on maintaining the local university.
 OCCUPATION OF PACIOLI IN
SUCH A PRESTIGIOUS AND
PROFITABLE POSITION
TESTIFIES TO HIS
RECOGNITION. IN 1504, IN
VENICE, A TREATISE ON
ACCOUNTS AND RECORDS WAS
PUBLISHED UNDER THE TITLE
«THE SCHOOL OF PERFECT
TRADE». THIS BOOK WILL
SUBSEQUENTLY BE REPRINTED
SEVERAL TIMES IN VENICE.
IN 1505, PACIOLI PRACTICALLY RETIRED FROM TEACHING AND
LIVED IN FLORENCE IN THE BRETHREN OF THE MONASTERY OF
THE HOLY CROSS. HOWEVER, IN 1508 HE RETURNED TO VENICE,
WHERE HE GAVE PUBLIC LECTURES. BUT HIS MAIN
OCCUPATION IN THOSE YEARS WAS THE PREPARATION FOR
PUBLICATION OF HIS OWN TRANSLATION OF EUCLID
(PUBLISHED IN 1508), AS WELL AS HIS NEW BOOK, THE DIVINE
PROPORTION (PUBLISHED IN 1509).
 IN 1510,

• In 1510, Pacioli returned to his native San

Sepolcro, where he became prior of the
local monastery. However, his life is
burdened by constant intrigues against
him by various spiteful critics. Because of
this, four years later, Pacioli sets off again,
he again finds himself in Rome, where he
teaches at the mathematical academy.
Luca Pacioli returned to San Sepolcro
shortly before his death in 1517.
 WHAT OUTSTANDING DID THE WORLD-FAMOUS
ACCOUNTANT LUCA PACIOLI? THE MOST SIGNIFICANT
POINTS ARE:

• He first stated the principle of double entry in theory and tried to reveal the essence
of such concepts as debit and credit, although he did not use the terms themselves.
• He personified accounting and created the basis for its legal justification.
Personification made it possible to create conditions for the further separation of
accounting into an independent science.
• In the work of Pacioli, accounting was considered as a method that allows you to
reflect business processes both at a separate enterprise and outside it.
• The appearance of double entry determined the accounting system, which is formed
by the goals pursued.
• Representation of accounting in the form of a general system. Modeling based on
combinatorics made it possible to consider each individual problem as a special
case of the overall system.
These and other rules outlined in the book are called "Pacioli's rules".