1. History of Accounting

2. Who Is Lucas Pacioli? An Italian accountant and mathematician
Born in 1446 in Sansepolcro, Italy
Known as the “father of accounting”
Created/ published the first ever accounting book in 1494 (, which was based on five sections found in the title of his book.
He added on to his contributions by publishing a second book on double-entry accounting
He also was the man responsible for introducing the use of journals and ledgers in accounting

3. One Event Considered to Be the Basis For Accounting History
Accounting can date back to the 14th century with its introduction of double-entry bookkeeping by Lucas Pacioli.
In Pacioli’s book, De Computis et Scripturis,there are many commerce topics.
Paciloi’s book also marks the beginning of the development of accounting.

4. How The Accounting Profession Developed
After Pacioli, the modern foundation of accounting emerged in 1854 when the profession of charted accounting came about. Many rules of the accounting world have changed over the years.

5. Other Individuals Associated With Accounting
Benedetto Cotrugli

6. Countries That Influenced The Accounting System That We Know Today
Scotland
Italy

7. How Did These Countries Influence The Accounting System?
Italy- Developed the concept of double-entry bookkeeping
Scotland- Developed the concept of chartered accounting and the position known as the chartered accountant, which is used in the U.S. today.

8. Seven Key Ingredients That Led To Double Entry Accounting
Private Property
Capital
Commerce
Credit
Writing
Money
Arithmetic

9. Famous Accountants J.P. Morgan Arthur Blank Julia Sweeney
Walter L. Morgan
Krystal Ball

10. Other Important/ Interesting Facts
Accounting records date all the way back to the existence of Mesopotamia, in which the development of accounting, numbers, and money can be shown through taxation and other trading activities in the temples of Mesopotamia.
Accounting also dates back to the Egyptians, and their use of clay tablets to record financial information.