Bean There, Done That

Sift Media
Share this content

Prof. Dave Albrecht of Concordia College reports in his blog, The Summa, that today (November 10) is that most raucous of commemorations, Accounting Day. (Actually, I added the raucous part.)

Curious? See Albrecht's recent post on this subject, Accounting Day 2010, (in which he notes Nov. 10 has been recognized as Accounting Day because "On November 10, 1494, volume 2 of Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything About Arithmetic, Geometry and Proportion) was published... [authored by] Luca Pacioli [the book] included a description of the bookkeeping/accounting system of Venice. In honor of this contribution, Pacioli has carried for centuries the title of Father of Accounting." More curious? See wikipedia's writeup on Pacioli.

Alas, Albrecht also points out in his post Accountant's Day Honors Pacioli, citing New Mexico State Univ. accounting professor Ed Scribner, “Recent DNA evidence reveals that Pacioli is not actually the Father of Accounting …”.

Albrecht writes in his blog some of his plans to celebrate this day. Ready to join the fun? (And its not even busy season!) You can still enter Prof. Albrecht's Annual Bean Counter's Contest (online of course) if you post your entry by 11:59 pm CT tonight.

Would you like to know how FASB and the IASB spent Accounting Day? Read more here.

About admin


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.