International Accounting Day 2023: Date, History, 5 Things That Accountants Skilled

International Accounting Day 2023: The 10th of November is observed as International Accounting Day. Does the mere mention of a ledger book cause you to feel dizzy? For this reason, accountants are employed to devise solutions. The government, school, bank, and place of employment would not be able to function without those devoted number crunchers. Particularly for this reason, one day of the year is “designated” for their celebration.

International Accounting Day 2023: History

Accounting as a recognized profession has a history spanning millennia. The utilization of accounting systems to monitor the movement of products among temples is evident in records and documents dating back to the Mesopotamian region, which date back to 5,000 B.C. Additional evidence regarding the widespread use of accounting would be uncovered in Babylonia and ancient Egypt, but the most exhaustive discoveries would initially be derived from artifacts dating back to the Roman Empire. Extensive documentation found in countless archives from this time period reveals precise measurements maintained in various domains, including public revenues, private expenditures, commodity distribution, and more.

Undoubtedly, accounting has undergone substantial development since its inception in the pre-modern era. During the Middle Ages and the Renaissance, significant progress was made in the field of accounting. International Accounting Day is observed on the 15th anniversary of the publication of a seminal work by an Italian mathematician.

The field experienced significant growth in importance and demand within the domains of business and finance commencing in the mid-19th century. The Industrial Revolution significantly proliferated and enlarged the global business landscape, necessitating corporations to establish and maintain robust accounting divisions that could participate in every facet of business operations. Presently, this is one of the most lucrative business majors, encompassing both multinational corporations and small enterprises. Presently, an undeniably substantial workforce is engaged in the field on a global scale; in 2018, the United States alone employed approximately 1.5 million accountants and auditors, according to the Bureau of Labor.

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5 Things That Accountants Skilled

Al Capone was brought down by accountants.

Big Al was incarcerated for tax evasion under the watchful eye of diligent FBI accountants, after evading a multitude of other charges. ​

An accountant penned the first words of history.​

The oldest extant written language specimen discovered in any location dates back to approximately 5,000 years ago. The inscription, which is in Sumerian cuneiform, states: “During the course of thirty-seven months, a total of 29,086 measures of barley were received. “Attested by Kushim.” ​

Accountants contributed to the Bible’s pen

Prior to composing the Gospel that bears his name, Saint Matthew held the position of a tax collector. Saul, who converted to Christianity and adopted the name Paul, was an additional tax collector who authored multiple volumes of the New Testament. ​

One of his clients developed bubble gum.

In his leisure time, accountant Walter Diemer, who was employed by the Fleer chewing gum factory, experimented with gum recipes. In 1926, he developed the modern bubble gum formula and was the first to commercialize it. The gum was pink due to the fact that the factory had no other food coloring in stock.

Trustees administer the yearly Oscar ballot.

Certified public accountants are employed by the Academy of Motion Picture Arts and Sciences to tabulate all Oscar ballots and declare victors. Accountants, according to the Academy, are ideally adapted for this responsibility due to their renowned objectivity and meticulousness. ​

International Accounting Day 2023: Date