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Business
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Number of pages / Number of words: |
4 / 989 |
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The SEC controls the PCAOBâs budget and has authority over the board.
The basic accounting theories were first noted around the time frame of 1494 in Italy by Luca Pacioli. âIt was during this year that the forty-nine-year-old Pacioli published his famous book Summa de arithmetica, geometria, proportioni et proportionalita (The Collected Knowledge of Arithmetic, Geometry, Proportion and Proportionality)...
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Pacioli wrote the Summa in an attempt to redress the poor state of mathematics teaching in his time. One section in the book made Pacioli famous. The section was Particularis de Computis et Scripturis, a treatise on accounting.â (Flesher,F.) As we have mention many times within the discussion questions, accounting is a process of evaluating and recording the financial value of the assets and liabilities of an entity...
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