November 10 is when we celebrate Accountant’s Day. I recently wrote,
On November 10, 1494, volume 2 of Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything About Arithmetic, Geometry and Proportion) was published. It is in volume 2 of the Summa that Luca Pacioli included a description of the bookkeeping/accounting system of Venice. In honor of this contribution, Pacioli has carried for centuries the title of Father of Accounting.
Pacioli, though, never claimed to invent anything related to accounting. In an attempt to refute paternity, Pacioli consented to a DNA test.
New Mexico State University accounting professor (and master accounting humorist) Ed Scribner writes, “Recent DNA evidence reveals that Pacioli is not actually the Father of Accounting …”
Accounting researcher Dan Stone from the University of Kentucky agrees, “Recent DNA evidence indicates that while Pacioli is not actually the Father of Accounting, he is the Father of the hoodie.”
Pacioli does not claim that, either.
I wonder. Why would a celibate monk be considered the father of anything?
Debit and credit – – David Albrecht