2015 | 2015(81(137)) | 155-179
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Double-entry bookkeeping by Pacioli and his Italian followers in XVI–XVII century

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The purpose of the article is to present the first textbook on double-entry bookkeeping and its impact on the development and popularization of accounting in Italy. The author of this work  Luca Pacioli – was an outstanding representative of the Renaissance, and thanks to Tractatus XI de Computis et Scripturis he became known as the „Father of Accounting”. His work was a compendium of knowledge necessary to keep merchant accounts. It was written on the basis of long-term observation of the practices used byVenetian merchants, who, due to intensive trade, were looking for a way to control the efficiency of their operations. The handbook’s quality made the rules of accounting which it described become a widely used standard reproduced in books by other authors. The first followers of Pacioli were Italians: DomenicoManzoni, Don Angelo Pietra and Matteo Mainardi, who mostly copied his textbook, but also tried tomake their own improvements in accounting. In this way the knowledge of the double-entry bookkeeping system came to other countries and became the most popular method of accounting. Its simplicity and perfection allowed it to survive until XXI century.
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