Today’s episode gives a view at the number of pages in Pacioli’s 1494 work, Summary of Arithmetic, which documented bookkeeping. His book is most famous for the bookkeeping section, but it is a very small portion of his book, which was an accumulation of math knowledge to that time. It was written in Italian to be accessible to business people, rather than the academic Latin … Continue reading A Look at Luca Pacioli’s “Summa de Arithemtica”
This week I begin a series of episodes that highlight the earliest documentation of bookkeeping, and what we can learn from it. Bookkeeping was first documented by Luca Pacioli, a Franciscan Friar in Venice, Italy in the late 15th century. A major point I hope one learns from these videos is that there are patterns of data access which are important to the business functions … Continue reading What can one learn from Historical Bookkeeping?
Today marks the two year anniversary of Conversations with Kip. Financial systems are not all that entertaining to most people. I thought I’d make it a bit more humorous by showing a few bloopers in the production of the videos over the last two years. I appreciate Thomas Torf for giving me the idea, Maurcio Magaldi’s encouragement in putting this out there, those who have … Continue reading Bloopers: Two Year’s of Conversations with Kip
As I approach two years of my vlog, I thought reflecting on its purpose might be helpful. I’ve been working on how to improve financial reporting for 30 years this fall, when I took Eric Denna’s first college course at BYU introducing me to the idea of Resources, Events and Agents, REA by Bill McCarthy. I’ve written a textbook about what I’ve learned, “Balancing Act: … Continue reading Improved Financial Reporting: A 30 Year Problem for me
This week’s episode of Conversations with Kip is a conversation with Alex Hume, a controller at a large regional bank, discussing data and three simple ideas: (1) Choose a language. Data is about communication. Communication in a common language is much more efficient than translation processes. (2) Keep the detail of what one records. Don’t throw away the data you capture. The granular data answers … Continue reading A Conversation with Alex Hume