Date
Sunday
Nov
10

November 10

International Accounting Day

Celebrate International Accounting Day with us! Learn the latest trends and practices in accounting, plus gain access to exclusive discounts and offers.

Yearly Date
November 10
Type
Day

Introduction

Celebrate International Accounting Day on Nov. 10 with us! This day, created in 2000 by the International Federation of Accountants (IFAC), is a great opportunity to recognize and appreciate the contributions that accounting professionals make to society. Accounting helps individuals, businesses and governments make informed decisions about their finances. So get ready to celebrate all the hard work that goes into keeping our books balanced!

International Accounting Day Timeline

1494
Modern Accounting Origin
Luca Pacioli, known as the father of accounting, published "Summa de Arithmetica", describing double-entry bookkeeping, forming the basis for modern accounting.
1854
First Professional Body
The Institute of Chartered Accountants in England and Wales (ICAEW) is formed, becoming the world's first professional accountancy body.
1887
American Institute Established
The American Association of Public Accountants, now known as the American Institute of Certified Public Accountants (AICPA) is established.
1973
Formation of FASB
The Financial Accounting Standards Board (FASB) is established to develop and promote standards for financial accounting and reporting in the United States.
2000
International Accounting Day
The International Federation of Accountants (IFAC) establishes November 10 as International Accounting Day to honor accountants worldwide.

How to Celebrate International Accounting Day

1

Read up on accounting

Take some time to read up on the history of accounting and the latest trends in the industry. Not only will this help you stay current, but it can also be a great way to celebrate International Accounting Day.

2

Attend an accounting conference

Look for events that are being held near you or online where you can learn more about the profession and network with other professionals. You'll be able to pick up new skills and make valuable connections while celebrating the importance of the accounting profession.

3

Treat yourself to a new accounting app

There are plenty of apps out there designed to simplify your work life and keep your finances organized. Invest in one of these apps and get ready to reap the rewards!

4

Take a course in accounting fundamentals

Whether you're a seasoned professional or just starting out, honing your skills is always beneficial. Look into taking an online course or attending a local seminar that covers some of the basics of accounting.

5

Connect with other accountants

Reach out to other accountants in your area or on social media platforms like LinkedIn and Twitter and start building relationships. Sharing best practices, discussing challenges, and learning from each other is invaluable.

Why International Accounting Day is Important

A

Accounting is necessary for businesses

Businesses need accurate financial statements in order to effectively manage and grow. Without proper accounting, it’s nearly impossible to determine whether a business is actually making or losing money. Inaccurate records can lead to costly mistakes, so it’s important that all businesses have an effective way of tracking their finances.

B

Accounting increases transparency & accountability

Well-maintained financial records allow businesses to track spending more accurately and easily. This increased transparency helps ensure that all stakeholders are held accountable for their decisions and actions, which encourages responsible policies and practices that benefit everyone.

C

Accounting provides important insights into business performance

Financial data serves as a valuable tool for assessing a business’s overall performance, as well as potential areas for improvement or growth. By analyzing key metrics like sales, profits, expenses, cash flow and return on investment (ROI), businesses are able to make informed decisions that help maximize long-term success.

International Accounting Day Dates

Year
Date
Day
2023
Nov 9
Thursday
2024
Nov 9
Saturday
2025
Nov 9
Sunday
2026
Nov 9
Monday
2027
Nov 9
Tuesday