National Accountants Day: A Professional Event To Celebrate!
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Where is International Accounting Day celebrated?
International Accounting Day, of course, is celebrated all around the world. Regardless of if you're in your office or not, this day can be celebrated anywhere and by anyone.
Who is International Accounting Day celebrated by?
This day is celebrated by companies and business owners to acknowledge the members of the accountancy team. Even if you do not own businesses, you, too, can show your gratitude towards accountants.
When did International Accounting Day first start?
Accounting Day is believed to have been first celebrated on May 12, 1972, in San Diego. This day was organized by the San Diego Chapter of California Society of CPA. It was intended to help people gain knowledge regarding the opportunities in pursuing their career in accounting.
Who started International Accounting Day?
Although it is said that the CalCPA was the first organizer, it is also believed that the Accounting Day event was first organized by the Institute of Management Accountants. This day was earlier called 'Accounting Career Days.'
History And Timeline
The earliest pieces of accounting can be traced back to ancient civilizations. Accountancy originated in ancient Mesopotamia and was also related to the development of writing, money, counting, and early auditing systems of ancient civilizations, including the Egyptians and Babylonians.
During the Mauryan Empire, Chanakya wrote a book that resembled a financial management manual. 'Arthashasthra', written by Chanakya, gives us in-depth knowledge about maintaining and auditing books of accounts for a Sovereign State.
Let's check out how the profession has evolved throughout the years!
Luca Pacioli Publishes His Famous Book
Luca Pacioli, also known as the Father of Accounting, published his book 'Summa de Arithmetica, Geometria, Proportioni et Proportionalita' which would soon be known to be the first book that talks about double-entry bookkeeping.
1494World's First Calculator Was Invented
Charles Xavier Thomas de Colmar invented the arithmometer, the first commercially successful digital mechanical calculator in the world.
1851First-ever Accountants' Organization
First official organization representing and regulating the accounts profession was formed in Glasgow by the Institution of Accountants.
1854American Institute Of CPAs Was Founded
The American Institute of Certified Public Accountants was founded this year, and anyone who passes the certification exams earns titles like Chartered Accountant, Certified Public Accountant, and Certified Accountant. This certification opens up many doors of opportunities and can even make you qualified to certify financial statements.
1887FASB Was Established
Financial Accounting Standards Board (FASB) was established in 1973 in the United States.
1973Traditions And Customs
This day can be observed in companies where employees from the finance departments are showered with love and gratitude. Companies can also be seen acknowledging these finance geniuses by organizing an Accounting Day special event.
Ways To Observe Or Celebrate International Accounting Day
Wish to celebrate Accounting Day but are not sure how? Here are a few ideas to help you out!
You can take part in any local Accounting Day event and show how grateful you are for their existence. You can also celebrate by gifting your favorite accountant a gift card as a gesture of appreciation.
Facts And Stats
- The US Bureau of Labor Statistics states that among accountants: 27% work for firms as Public Accountants, and 73% work in the business sector as Management Accountants. This gives plenty of people a chance to celebrate National Accountants Day.
- Accounting Day in San Diego has been celebrated since 1972 under the leadership of the California Society of CPA.
- The patron saint of accountants is St. Matthew the Evangelist. He is also the patron saint of tax collectors, bookkeepers, bankers, and stockbrokers. He is also celebrated on this day.
How much does an accountant work a day?
An accountant typically works for an average of a 40-hour workweek.
When is International Accounting Day?
International Accounting Day is celebrated annually on November 10.
What is the role of committees of the National Association of State Boards of Accountancy?
NASBA assists each state board in determining educational requirements for CPA, evaluating CPA candidates, and managing the CPA exam process.
What organization certifies management accountants on National accounting day?
The glorious designation of Certified Management Accountant is certified by the Institute of Management Accountants (IMA).
What are some advantages of International Accountants Day?
This day honors accountants all around the world. A person planning to pursue an accounting career can also benefit from some professional advice on this day.
What are some types of accountants on International Accountants Day?
Different types of accountants include Staff Accountants, CPAs, Investment Accountants, Project Accountants, Management Accountants, Cost Accountants, Forensic Accountants, and Auditors.
When Is This Day Celebrated
- Tuesday, May 19, 2020
- Wednesday, May 19, 2021
- Thursday, May 19, 2022
- Friday, May 19, 2023
- Sunday, May 19, 2024
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Sources
https://www.checkiday.com/704a16a5be9a819261a76155c434b0ec/international-accounting-day
https://seaver.pepperdine.edu/blog/posts/types-of-accountants.htm
https://www.daysoftheyear.com/days/accounting-day/
https://nationaltoday.com/international-accounting-day/#how-to
https://en.wikipedia.org/wiki/History_of_accounting#:~:text=The history of accounting orthe ancient Egyptians and Babylonians.
https://fairygodboss.com/career-topics/international-accounting-day#
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