Accounting ✦

: In 1494, Italian monk and mathematician Luca Pacioli published Summa de Arithmetica , the first work to codify the double-entry bookkeeping system.

: Wealthy Roman households used daybooks, and governors submitted accounts to Caesar, marking an early form of external financial reporting. The Renaissance: The Birth of Double-Entry (1300 – 1500) accounting

As trade expanded in Italy, merchants needed more sophisticated ways to oversee simultaneous transactions financed by bank loans. : In 1494, Italian monk and mathematician Luca