It’s easy to assume that accountants
do nothing but count all day. But there’s more than meets the eye to this
ancient profession – here are a few random facts you may not know…
The word ‘accountancy’ doesn’t
exactly grasp the imagination, and it’s easy to assume that working as an
accountant entails a life of boredom and bean-counting. But is it a more
interesting profession than you think? Here are some interesting facts about
the profession that you may not already know…
1. It is older than you think
Luca Bartolomeo de Pacioli was a
Franciscan friar, but he was also a great mathematician and is often referred
to as ‘the father of modern accounting’. He wrote the first ever book on
double-entry accounting as early as 1494, but the practice had already been in
use for hundreds of years. In fact, tokens believed to be meant for accounting
purposes have been found in Iran which could date back as far as 4000-3000 BC.
2. It is a very old word
‘Accountant’ comes from the French
word ‘compter’, which means ‘to count’ and originated from a similar Latin
term. Over the years as language has changed the ‘p’ has been dropped.
Incidentally, the same word is also the root of the word “computer”.
3. It has a Hall of Fame
Yes, really. Ohio State University
is home to the Accounting Hall of Fame, which honours professionals who made an
exceptional contribution to accountancy as a whole. More than 90 eminent
accountants have now been inducted to the Hall of Fame, from the US as well as
a number of other countries.
4. Romans loved it
Conquering most of the known world
was a bit of a nightmare from an administrative point of view. So many
kingdoms, so many supplies… The Romans figured out that the only way to keep
track of everything they owned was to keep meticulous records, and the army in
particular kept detailed accounts of everything from food stocks to the number
of nails they kept in their workshops.
5. They make the Oscars happen
Wondering how Cate Blanchett won that
Oscar? The Academy Awards is by far the
biggest night in the Hollywood calendar, but there would be no winners or
losers without accountants. Before the show, a team of accountants count the
votes manually to make sure that the right people go home with the famous
statuettes.
6. They fight crime
Unfortunately, Accountant Man
doesn’t have quite the same ring to it as Batman or Spider-Man. But accountants
really do help to catch criminals – the FBI employs more than 1,000 of them.
They have brought plenty of felons to justice over the years, too: Al Capone
was famously imprisoned for tax evasion on the back of FBI accountants’ work.
7. John Cleese was nearly an accountant
Ever wondered why Monty Python
mocked accountants so often, as they did in The Meaning of Life? Possibly
because John Cleese narrowly avoided becoming an accountant himself – his
father wanted him to pursue the profession at a chartered accountancy firm in
Bristol.
8. It has a patron saint
St Matthew was one of Jesus’ first
disciples, recruited after he had been working as a tax collector for King
Herod for a while. He’s now considered the patron saint of tax collectors, accountants
and bankers, strengthening the case for his feast day on September 21st to
become a national holiday for all accountants. Well, maybe.
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