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Lots of Links (solutions to recommended exercises, quizzes, questions, etc.) |
The
Father of Accounting:
Luca Pacioli (1445 - 1517) “Pacioli...published a revolutionary book in 1494, Summa de Arithmetica, geometria, proportioni et Proportionalita ... Goethe said that this was ‘one of the finest discoveries of the human intellect.’ An economist and sociologist, Werner Sombart, said, ‘...bookkeeping is born with the same spirit as the system of Galileo and Newton.’ Pacioli’s work was
dedicated to the glory of God. ...He wrote in the Summa that people
should begin all their economic transactions ‘in the name of God.’
The methodology he developed changed the future of business forever
and led to the development of spread sheets. His ingenious accounting
equation of ‘Assets = Liabilities + Owner’s Equity’ is used worldwide today.
This
humble servant of Jesus Christ has provided the world a vital tool for
business — to the greater glory of God.”
Kennedy, D. James, and Newcombe, Jerry. What If Jesus Had Never Been Born? Thomas Nelson Publishers, Nashville, TN, 1994, pg 111. |
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Oral Roberts University
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