International Day

International Accounting Day-Date, History, Accounting as a Profession

International Accounting Day-Date, History, Accounting as a Profession

counting or keeping records is an age-old process. Its trace has been found in the primitive age and came developing till date through many evolution and revolution.  Today’s accounting is an inevitable process for businesses to families.

International Accounting Day is celebrated to pay a tribute to accountants across the world. Every year in November, account ting day is celebrated.

International Accounting Day-Date

International Accounting Day is celebrated on the 10th of November every year. Recognize the hard labor of the accountants who work diligently to save your firm from any kind of financial crisis with their knowledge and strategies.

History

The history of accounting is as old as the history of human civilization. In the primitive era, people used to hunt and keep records of them by inscribing lines on the wall. With time the process of keeping records has been developed thoroughly. From the primitive age to today’s accounting, has been a great journey with radical evolution.

The process of recording has been found in the roman, Egyptian and Babylonian civilizations. Traces have been found that 5000 B.C in the Roman empire individuals used to be officially appointed for keeping records of things.

The root of today’s accounting is the literature work of an Italian mathematician published in the pre-modern age or the medieval. It was 1494, the mathematician Luca Pacioli, published his literature consisting of 36 mathematical chapters of which one was about the basics of accounting. It is still the basis of accounting.

This book was published on the 10th of November, 1494. since then the day has been celebrated as International Accounting Day.

But with the ever-changing time; improvements, revolutions, and new findings were added on the way to its form to date. After the invention of counting machines in the 1800s, the process was got pushed to advancements. In that very year, the first-ever organization of the world in Glasgow was established in 1854. In the 19th century, the industrial revolution took place. This event made the number of business organizations go very high around the world and it increased the necessity and demands of the accounting profession. This ever-increasing necessity made this profession come in a more organized way as degrees. later in the late 1900s, different bodies and organizations introduced new standards and principles. FASB (Financial Accounting Standards Board) was founded in 1973 that provides and maintains accounting standards and principles on an international basis.

How To Become a Professional

Accountants are the basic requirements of any organization nowadays. The highest degree one can have in this field is a degree of a Chartered Accountant. Acquiring a CA degree needs a very strong resolution. Becoming a CA is not a piece of cake neither something impossible. One needs to first determine that he wants to be a CA. The choice is not an easy one but if you can enroll, this field offers one of the best career choices.

A CA provides financial services for any organizations he is assigned to. He manages financial matters, gives financial advice, provides business strategies, helps make budgets, audits the records, and takes care of taxation.

For becoming a  CA, one needs to go through some professionals exams and practices of different courses. there are many CA firms that provide those courses.

One can enroll themselves in this program both after their graduation or after 12th. If anyone desires to enroll into this program just after their 12th , they have to take the foundation courses. And those who want take under the program after after their graduation, they can enroll themselves direct to the intermediate CA course.

  • acquire necessary education in chartered accounancy
  • gathering professional practices and experiences
  • sit for the qualifying exams
  • get into the marketplace

Observing the Day

The International Accounting Day has been remarked to recognize the hard work and efforts of the accountants. Their work is very time consuming and sometimes stressful. They have to sometimes give up their personal life. It takes a lot of effort and mental work  to carry out the roles an accountant supposed to do.

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