-The Unsung Hero of the Renaissance
Mohammad Farooq Ali Tarafder* Abstract: This paper aims at describing the role of Fra Luca Bartolomeo de Pacioli (sometimes Paciolo) in the development of Modern Accounting. Key Words: Luca Pacioli, Double Entry Accounting and Renaissance.
Introduction Luca Pacioli was an Italian mathematician and Franciscan friar, collaborator with Leonardo da Vinci, and seminal contributor to the field which is now known as Accounting. Pacioli is also called “the Father of Modern Accounting” and the unsung hero of the Renaissance. In 1994, accountants from around the world gathered in an Italian village called Sansepulcro to celebrate the 500th anniversary of the first book written on double-entry accounting by the unsung hero of the Renaissance, Luca Pacioli.
Literature Review Fra Luca de Pacioli, the Renaissance scholar and mathematician known as “the Father of Modern Accounting”. He was one of the greatest men of the Renaissance. Renaissance, collaborated with Leonardo da Vinci, was the seminal contributor to the field which is now known as Accounting, takes a place of pride amongst the Titans. He also called Luca di Borgo after his birthplace, Borgo Santo Sepolcro , Tuscany, where he was born in 1445. Luca Pacioli is rightfully called “ The Father of the Modern Accounting” and “ The Unsung Hero of the Renaissance.” In fact, the Fransican Friar Luca Pacioli was one of the most remarkable people of his epoch , but unfortunately was one of the least-well known. This is surprising because his work as a master of math is brilliant and revolutionary and continues to affect the business world.
*Lecturer, Department Business Administration 0.
Chittagong Cantonment Public College
We know little of Pacioli’s early life. His family was very poor, and Pacioli's future seemed very unpromising. Pacioli joined a Franciscan monastery in Sansepulcro and became an apprentice to a local businessman. The young Pacioli had always loved mathematics though, and he soon abandoned his apprenticeship to work as a mathematics scholar.
Pacioli began to study in the art studio of the artist Piero Della Francesca. He befriended the artist Piero Della Francesca, one of the first and greatest writers and artists of perspective. Francesca and Pacioli journeyed over the Appenines, where Francesca gave Pacioli access to the library of Frederico, the Count of Urbino. The collection of four thousand books allowed Pacioli to further his knowledge of mathematics.
Francesca also introduced Pacioli to Leon Baptist Alberti, who would become Pacioli's new mentor. Alberti brought Pacioli to Venice and arranged for him to tutor the three sons of the rich merchant Antonio de Reimpose. During this time, in the year 1470, Pacioli wrote his first manuscript at the age of twenty-five. The book was about algebra and was dedicated to the Reimpose boys. Alberti also introduced Pacioli to Pope Paul II. Paul encouraged Pacioli to become a monk and dedicate his life to God. After Alberti died in 1472, Pacioli took the pope's suggestion, and took the vows of Franciscan Minor.
In 1475, Pacioli began to work at the University of Perugia, receiving a professional chair in 1477. He remained at the University for six years while becoming the first Lecturer holding a chair in math in this University. In his lectures, Pacioli stressed the importance of putting theory to practical use. This emphasis on application of theory made him unique among his peers. While at the University of Perugia, Pacioli wrote his second mathematical manuscript, dedicated to the "Youth of Perugia." Suddenly, he left Perugia in 1481.
After 1481, Pacioli wandered throughout Italy, and in some areas outside it, until he was called back to the University of Perugia by the Franciscans in 1486. By this time, Pacioli was beginning to call himself "Magister," meaning master, the equivalent of a full professorship in modern time. Venice was known as...
References: Luca Pacioli: Unsung Hero of the Renaissance. Dir. Paul Jackson. With David Tinius, Ph.D., William Weis, Ph.D. Cincinnati, South-Western Publishing Company, 1990 Taylor, R. Emmett. No Royal Road: Luca Pacioli and his Times. Chapel Hill: The University of North Carolina Press, 1942 Richard H. Macve. "Pacioli 's Legacy." Accounting History from the Renaissance to the Present: A Rememberance of Luca Pacioli. T.A. Lee, A. Bishop. and R. H. Parker. New Works in Accounting History. Richard P. Brief. New York and London: Garland Publishing, 1996.
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