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Mon 03 Mar 2003

Luca - The Romance of Double-Entry Bookkeeping

Category : Commentary/luca.txt

I had been thinking about a name for an accounting system we had developed. While reading "Jamming" by John Kao, I came across Luca Pacioli, a lesser-known Renaissance figure who used the newly-invented printing press to popularise double-entry bookkeeping.

A quick search through Google turned up fascinating pieces about the man himself, The Romance of Double-Entry Bookkeeping, and a very interesting article called Accounting for Knowledge Management, from which I quote :

The task of the accounting profession, in relation to intangible assets and knowledge-based enterprise, is less about counting than it is about giving an account - telling the story of both tangible and intangible assets in meaningful ways, for both managers and markets.

"Telling the story of the figures in meaningful ways". So, Luca is it.

Posted at 9:04AM UTC | permalink


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