Fra Luca Pacioli

Fra Luca Pacioli was a 15th-century Italian mathematician and Franciscan friar, credited as the "father of accounting." He authored "Summa de Arithmetica," which included the first detailed description of double-entry bookkeeping—a system still used today to track financial transactions. Pacioli's contributions helped standardize accounting methods, enabling businesses to manage their finances more accurately and transparently. His work bridged mathematics and commerce, influencing the development of modern accounting and financial reporting practices.