Abstract

The development of modern technologies in accounting models has got a great foundation for growth. Defining accounting as a system, it is obvious that the data of such a system will be based on quite familiar to us principles - mathematics. The earliest reference to the fact that the basis of accounting is just a mathematical component contained the work of an Italian monk L.Pacioli in "Treatise on the accounts and records" and till this day all the manual and computerized accounting systems in their logical construction are based on the principles and processes, that Pacioli described.