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Luca Pacioli-the Unsung Hero of the Renaissance

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Luca Pacioli-the Unsung Hero of the Renaissance
Luca Pacioli
-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



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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