What is International Accounting Day?
November 10th is designated as International Accounting Day. Does the sight of a ledger book make your head spin? That’s why we have accountants to figure it all out. Your job, school, bank, religious institution, and government wouldn’t survive without those dedicated number crunchers. That’s why we have a day out of the year “earmarked” just to celebrate them!
History of International Accounting Day
The history of accounting as an established practice dates back several millennia. Records and documents originating from the Mesopotamian region traced back as far as 5,000 B.C. reveal the employment of accounting systems in the service of tracking the exchange of goods between temples. Further evidence of the prevalence of accounting would appear from discoveries in ancient Egypt and Babylonia, but the most comprehensive findings would first originate from materials belonging to the period of the Roman empire. Information notated across innumerable archives during this era show detailed quantifications kept across areas, spanning public revenues, private expenditures, the distribution of commodities, and more.
The field of accounting has undeniably developed significantly since its introduction in pre-modern times. It would experience especially robust advancements throughout the Middle Ages and the Renaissance period; International Accounting Day is celebrated on the anniversary of the publication of a critical work in the 15th century by an Italian mathematician.
The discipline would go on to see a sharp rise in necessity and demand in the fields of business and finance starting in the mid-19th century. The Industrial Revolution would prove to increase the number and size of companies across the world to an unprecedented degree, and it became imperative for corporations to maintain strong accounting departments to have a part in all aspects of business’ operations. Today, there is an indisputably great number of people working in the profession all over the world – the Bureau of Labor reported in 2018 that there were nearly 1.5 million accountants and auditors working in the United States alone!
International Accounting Day Related Holidays
It’s more important than you think. Consider that great feeling you get when you don’t have the looming specter of debt hanging over you. Because money is important to our overall peace of mind, Financial Awareness Day is a great time to review where you are now and where you’re going financially. Don’t let bad financial decisions ruin the best years of your life!
World Maths Day is celebrated on October 15th each year. Since its founding in 2007 by 3P Learning, the popularity of World Maths Day has multiplied fast. The day encourages students globally to take a break from standard day-to-day math lessons and instead participate in competitive math-themed games. In some places, there are even events that provide the opportunity to win prizes and scholarships!
National Savings Day on October 12th gives you the time to think about your saving (and spending) habits and what you can do to improve if you’re not saving quite enough. Saving doesn’t have to be painful. Use this day as a motivation to deposit a little bit extra in that savings account!