The ancient Romans were obsessed with record keeping. Their military bases kept detailed accounts on everything from how much grain was in their stores to how many nails were in their workshops.
St Matthew the Evangelist, author of the first of the Gospels, is the patron saint of accountants. He is also the patron saint of tax collectors, bookkeepers, stock brokers and bankers. Matthew was a tax collector for the King of Judea (Herod) when Jesus called him to be one of his first Disciples.
Cost accounting is mentioned in the Bible Luke 14 v 28 says “Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it?"
The word "accountant" comes from the French word “compter,” which means to count or score. Over time, the “p” was dropped in both spelling and pronunciation.
During the 13th century bankers from north Italy, collectively known as Lombards, gradually replaced the Jews in their traditional role as money-lenders to the rich and powerful. Creative accountancy enhanced by the recent invention of double-entry book-keeping enabling them to avoid the Christian sin of usury interest on a loan was presented in the accounts either as a voluntary gift from the borrower or as a reward for the risk taken.
In 13th century western Europe, businessmen commonly opened on their books an account for “Messer le Bon Dieu” or “God Esquire”. When a contract was signed, God was called in as a witness and received a penny.
The first manual on a double-entry bookkeeping system was written by Benedikt Kotruljević in 1458.
The Summa de arithmetica, thought to be the first printed work on algebra, contains a description of double-entry accounting. Written by Luca Pacioli and first published in 1494, it describes the accounting methods then in use among northern-Italian merchants, including double-entry bookkeeping, trial balances, balance sheets and various other tools still employed by professional accountants.
The phrase "to square accounts with someone" means to get even with a person or take revenge on him or her. The expression derives from "squaring accounts" in bookkeeping, so that the debit balances the credit.
Italian mathematician and Franciscan friar Luca Bartolomeo de Pacioli wrote a book on double-entry accounting in 1494. Although double-entry bookkeeping had been around for centuries, Pacioli’s 27-page treatise on the subject has earned him the title “The Father of Modern Accounting.”
Bubble gum was invented in 1928 by accountant Walter Dimer.
The state of New York gave its first certified public accountant (CPA) exam in 1896.
St Matthew the Evangelist, author of the first of the Gospels, is the patron saint of accountants. He is also the patron saint of tax collectors, bookkeepers, stock brokers and bankers. Matthew was a tax collector for the King of Judea (Herod) when Jesus called him to be one of his first Disciples.
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| Saint Matthew and the Angel (1661) by Rembrandt. |
Cost accounting is mentioned in the Bible Luke 14 v 28 says “Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it?"
The word "accountant" comes from the French word “compter,” which means to count or score. Over time, the “p” was dropped in both spelling and pronunciation.
During the 13th century bankers from north Italy, collectively known as Lombards, gradually replaced the Jews in their traditional role as money-lenders to the rich and powerful. Creative accountancy enhanced by the recent invention of double-entry book-keeping enabling them to avoid the Christian sin of usury interest on a loan was presented in the accounts either as a voluntary gift from the borrower or as a reward for the risk taken.
In 13th century western Europe, businessmen commonly opened on their books an account for “Messer le Bon Dieu” or “God Esquire”. When a contract was signed, God was called in as a witness and received a penny.
The first manual on a double-entry bookkeeping system was written by Benedikt Kotruljević in 1458.
The Summa de arithmetica, thought to be the first printed work on algebra, contains a description of double-entry accounting. Written by Luca Pacioli and first published in 1494, it describes the accounting methods then in use among northern-Italian merchants, including double-entry bookkeeping, trial balances, balance sheets and various other tools still employed by professional accountants.
The phrase "to square accounts with someone" means to get even with a person or take revenge on him or her. The expression derives from "squaring accounts" in bookkeeping, so that the debit balances the credit.
Italian mathematician and Franciscan friar Luca Bartolomeo de Pacioli wrote a book on double-entry accounting in 1494. Although double-entry bookkeeping had been around for centuries, Pacioli’s 27-page treatise on the subject has earned him the title “The Father of Modern Accounting.”
Bubble gum was invented in 1928 by accountant Walter Dimer.
The state of New York gave its first certified public accountant (CPA) exam in 1896.
Times Square Tower and 5 Times Square, across the street from each other, were built for rival accounting firms during a redevelopment of New York City's Times Square.
"Bookkeeping" is the only word in the English language with three consecutive sets of double letters.
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