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12/03/2015
Business 1050
Professor Klenk
My Renaissance
Particulars of Reckonings and Their Recordings- Luca Pacioli
Luca Pacioli lived from 1447 to 1517, he was a mathematician in Venice. He was
known as The Father of Accounting and Bookkeeping. In his book Particulars and
Reckonings and Their Recordings he talks about the three most important things to any
business, he also gives an example of a very well written inventory, and lastly he also ties
in religion and some advice that he has.
The first thing that Pacioli talks about is what he believed to be most important in
a business, and that is having cash. He states that without it business cannot be carried
on. Although he does talk about someone who had no capital, but had faith in their good
credit. He states that because the person had faith they were blessed because of it and
they became very wealthy. He states that we are saved by faith, and without it is
impossible to please God. I find it very interesting that he brings in faith and religion
into his book but I personally believe it adds a good touch. You can tell that he was a very
faithful Christian man.
The second most important thing of which he doesnt expand much on is to be a
good bookkeeper and a good mathematician. The third he talks about is to arrange
transactions in a way that one may understand it at a glance. He gives an example of how
to put your credit and your debits. He very strongly emphasizes the need to be very
organized. He says that if you arent then they would have no rest and their minds would
always be troubled. He is from Venice and he believes that their system is the best way
to organize these things and suggests that that system should be used more than any other.
He again brings in a Christian, religious quote, Ubi non est ordo, ibi est confusio, or
translated means, Where there is no order there is confusion. Just like in the bible when
it talks about how when there is order there is peace.