National Accountants Day: A Professional Event To Celebrate!

Moumita Dutta
Mar 21, 2023 By Moumita Dutta
Originally Published on Mar 21, 2023
Edited by Archita Chaplot
Fact-checked by Sonali Rawat
National Accounting Day facts are interesting.

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.'

This day is celebrated to help young people who are interested in this profession

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.


World's First Calculator Was Invented

Charles Xavier Thomas de Colmar invented the arithmometer, the first commercially successful digital mechanical calculator in the world.


First-ever Accountants' Organization

First official organization representing and regulating the accounts profession was formed in Glasgow by the Institution of Accountants. ​  


American 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.


FASB Was Established

Financial Accounting Standards Board (FASB) was established in 1973 in the United States.


Traditions 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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Written by Moumita Dutta

Bachelor of Arts specializing in Journalism and Mass Communication, Postgraduate Diploma in Sports Management

Moumita Dutta picture

Moumita DuttaBachelor of Arts specializing in Journalism and Mass Communication, Postgraduate Diploma in Sports Management

A content writer and editor with a passion for sports, Moumita has honed her skills in producing compelling match reports and stories about sporting heroes. She holds a degree in Journalism and Mass Communication from the Indian Institute of Social Welfare and Business Management, Calcutta University, alongside a postgraduate diploma in Sports Management.

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Fact-checked by Sonali Rawat

Bachelor of Arts specializing in English Literature, Masters of Art specializing in English and Communication Skills

Sonali Rawat picture

Sonali RawatBachelor of Arts specializing in English Literature, Masters of Art specializing in English and Communication Skills

Sonali has a Bachelor's degree in English literature from Guru Gobind Singh Indraprastha University and is currently pursuing a Master's in English and Communication from Christ University. With considerable experience in writing about lifestyle topics, including travel and health, she has a passion for Japanese culture, especially fashion, and anime, and has written on the subject before. Sonali has event managed a creative-writing festival and coordinated a student magazine at her university. Her favorite authors are Toni Morrison and Anita Desai.

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