Luca Pacioli, a close friend of Leonardo da Vinci, wrote down the double-entry accounting system used by Venetian merchants in the 15th century in his book, though he did not invent the system himself. The document discusses the importance of accounting skills for individuals, couples, businesses and teaches that maintaining healthy financial habits through practices like reviewing bank statements can help build a strong financial future. It provides references used in the writing of the document.

1. Exploring AccountingBy Mary Fenby

2. The Father of AccountingFra Luca Bartolomeo de Pacioli (1445 - 1517) – In 1509, Italian mathematician Luca Pacioli, a close friend of Leonardo da VinciWhile he did not create the double-entry accounting system used by the Venetian merchants of the time, he took the time to write down the system, describing in detail the use of ledgers and journals. (The Trusted Professionals)

3. We all practice accounting skill in our everyday lives. From writing a check to paying our bills. Sometimes a professional needs to be hired to help with more complex accounting such as, income taxes to operating a business.

4. TeensThe website Financial IQ Guide states “With the problems with consumer debt in this country, teaching teens to be smart with their personal finances is one of the best lessons a parent can teach them.” Teaching our children young will help them to be responsible adults.

5. Financial Counseling for Pre-Marital Couples Teaching new couples the importance of sound accounting practice they will then have an understanding of sharing financial burden and sharing control. This will allow the marriage to start with honesty and with open communication skills when individual saving and spending habits are addressed.

6. The most basic and important thing to know about maintain a healthy checking and saving account is to ensure there is enough money in your account to cover your transactions. Reviewing your statement every month and knowing the fees associated with your financial institution.

7. Credit cards are a must in our society now daysCredit card companies offer rewards, rebates and no or low interest rates. Paying your credit cards on time you will avoid late fees and improve your credit rating. There are many credit card management and consolidation companies for consumers that need assistanceOver a period of time, you will improve your credit score because you will make consistent monthly payments to your creditors”

8. Business Accounting” Whether you want to create fine oil paintings or sell pork bellies on the street, your business will require some form of accounting.” (how stuff works)

9. Business EthicsThe definition for Business Ethics according to Bnet “a system of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations.” Running a business with good business ethics is good for business because it is a code of conduct that guides employees in dealing with customers.

10. ReferencesBnet Dictionary, September 21, 2009, Retrieved from http://dictionary.bnet.com/definition/Business+Ethics.htmlCrown Financial, September 21, 2009, Retrieved from http://www.crown.org/Tools/Marriage.aspxDebt consultation, September 21,2009, Retrieved from http://www.consolidatedcredit.org/DebtConsultation/cccsShort.aspx?partnerID=1035How Stuff Works, September 21, 2009, Retrieved from http://money.howstuffworks.com/accounting.htmPersonal Finance for Teens, September 21, 2009, Retrieved fromhttp://www.easypersonalfinance.com/Personal_Finance_for_Teens.htmlMoney by Pink FloydSpecial thank you to my family and my son Christian Fenby for his help in tec support and music