Luca Pacioli Essay Example | Topics and Well Written Essays - 250 words

Luca Pacioli - Essay ExampleI find his Christianity perception of things as a major input as he is seen to believe in number mysticism that claims God owns all numbers. It also means that since God created all figure, they are then his direct words. Summa, cardinal of the works he wrote, brings out the full understanding of double entry book keeping and as well explains how accountancy is a part of good story business practice.His work has contributed greatly into the contemporary world of accounting as most of the work, especially the bookkeeping, is still use. In addition, some major terms used then much(prenominal) as debit and credit feel not had any modification in the more than 500 years since their invention. In addition, his conceptual framework that comprised of the journal, the memorandum, and the ledger is still essential in the modern accounting field.Most modern accounting field concepts rely on his works such as summa, which contains true and fair view, stability, trustworthiness, significance, materiality, understandability, full disclosure, and materiality in accounting practices. His trend in dis landing accounting figures by use of charts and graphs enables modern world to have ideas on how to communicate figure in a more understandable way.In conclusion, I would say that Pacioli, just as his father of all accounting depict, is indeed a great figure in the accounting world. If it were not for his understanding and his contribution, even if he did not invent the book keeping method, one cannot imagine how it would have turned out. Also, his books have helped deliver information from centuries ago to the modern word, which has played a significant role and will continue to play long from