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Italian mathematician, accountant, economist and teacher, precursor of probability calculus and historically recognized for having formalized and established the double-entry system, which is the basis of modern accounting. "Father of Accounting."
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Book by Luca Pacioli.
He took many of the different ideas about mathematics and recordkepping and publish the book which included 27 pages called "Details of Calculation and Recording" this section has become the basis for modern double-entry accountin. -
In the mid-1800`s, England was in the Economic Capital of the World and in te midst of the Industrial Revolution.
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England with industry moving from agriculture to manufacturing, a need arose for business wners to have a good understanding of the financial health of their businesses.
Accountants from Scotland petitioned the Queen to grant them a charter provding them legal rights in the provides profession of accountng. -
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS.
The largest body of accountants in the United States is the AICPA.
The AICPA`s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a stric code of professional ethics, a licensing status ad a commitment to serving the public interest.
