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Accounting and business are synonyms of each other. We can say that it is two sides of the same coin. Almost every aspect rotates and revolves around accounting deals that include calculations, decision-making, and estimation. If you love accounting, we bet you would be fascinated by the facts below. Accountant in Clifton Park, NY, have listed down 10 facts about accountants that will amaze you.
10 Facts about Accountants We bet you didn’t know
1. Derivation of the Term
The term accounting was extracted from the French word ‘Computer.’ The term stands for counting or scoring. Furthermore, various other accounting terms are derived from Latin. The term, ‘debt’ means he owns, and ‘credit’ means he trusts.
2, Luca Pacioli, is the Father of Accounting
An Italian Mathematician, Luca Pacioli, is regarded as the father of accounting. The first book on double-entry accounting was published in the year 1494. But here comes the interesting fact. Do you know Leonardo Da Vinci was one of his students?
3. Accounting has played a very vital role in the Oscars
From the year 1935, a group of accountants has depleted around 1700 hours prior to Oscar nights preparing and manually counting Academy Award ballots by hand.
4. Bubble gum was discovered by the Accountant
The discovery of bubblegum was made In 1928. It was invented by Walter Diemer, an accountant. Bubble Gums are always pink, why? Because Mr. Walter had that only dye in hand.
5. Chicago Crime boss Al Capone was brought down by an Accountant
Yes. It was an accountant who brought down Chicago crime boss Al Capone. From unlawful incidents to murder, he was believed to be guilty of everything. But was arrested and sentenced to tax evasion.
6. Some Famous Accountants
Robert Plant, Mick Jagger, and Eddie Izzard are some of the few names who worked as an accountant before trying out their hands in the world of showbiz.
7. Accounting has been around for Ages
Clay tokens were discovered in ancient Mesopotamia. The accountants were responsible for keeping count of animals and grains. These were the earliest documented records symbolizing goods received and traded.
8. FBI Engages Accountant Specialist
FBI recruits over 2000 accountant experts to help them solve the cases. It is amazing to know that accountants help to resolve the cases. They are special agents.
9. Patron Saints of Accountants
St. Matthew the Evangelist is known to be the patron saint of accountants. A tax collector, bookkeeper, banker, and stockbroker. He is all.
10. Nike, Created as Part of the MBA Project
The world-famous brand, Nike, was developed as a part of an MBA project. Its founder, Phil Knight, is a CPA.
Conclusion
We believe that people in the accounting profession are boring. But it is not so. Think again, accounting is a wonderful profession.
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