10 Fun Fact About Accounting
1. The word “accountant” comes from a French word, “compter” or “computare” which means to count or score.
3. November 10 is recognized as International Accounting Day.
5. Accounting dates back to ancient civilizations. There is evidence of early auditing systems by Egyptians and double-entry bookkeeping in medieval Europe.
7. The first CPA Exam was administered in New York in 1896.
​2. Over 2,000 accounting specialists are employed by the FBI
4. Walter Diemer, an accountant who invented Bubblegum in 1928.
6. Celebrities such as Mick Jagger, Eddie Izzard, John Grisham, and Kenny G studies to be accountants.
8. The employment of accountants is projected to grow 11% from 2014-2024, faster than the average for all occupations.
9. Staff accountants with 1-3 years experience are expected to have compensation that increases by 4.1%, with an average starting salary of $50,000-$64,250.
10. Contrary to popular belief, accountants use basic arithmetic and simple equations while computers do most of the math. Accountants analyze and interpret results.