Accounting is a fundamental part of a business and not as dull as one thinks it is. And accountants are required in every company’s department. The work is tedious and serious; one little mistake, and you can mess it all up. That’s why accountants in Moonee Ponds and others have an extra responsibility to be very patient and calculating. However, there are fun sides to accountants and accounting, and today we will be discussing some of the most bizarre yet exciting accountant facts. So, without making this article anymore boring, let’s dig in!
1. An accountant’s name was first kept in the record
To the people who called the accounting profession boring, did you know that the first recorded name in history was an accountant’s? Shocked right? In a book by Dr. Yuval Noah Harari called Sapiens, he described that the first ever recorded name was of an accountant. When the authorities came up with the idea to keep records of mathematical data like taxes and findings, keeping a list of bookkeepers and accountants thus became a necessity.
2. Bubble-gum was invented by an accountant
This is a fun fact for bubble gum lovers. The inventor of bubble-gum was called Walter E Dimer, who coincidentally was an accountant as well. He was born in Pennsylvania and worked as an accountant Fleer. You don’t need to be a scientist to invent something.
3. Luca Pacioli was the father of accounting
The Italian accountant and mathematician Luca Pacioli taught Leonardo da Vinci. Luca developed the field of accounting and is referred to as the father of accounting. He also collaborated with da Vinci and taught him mathematics. Now you know why accounting and mathematics go hand in hand!
4. Accountants control ballots for the Oscars
We watch the Oscars every year and have fun while watching it. But how many of us know what happens to the votes that decide if a person or a movie is Oscar-worthy? The answer is plain and simple, the accountants! That’s true; accountants from PricewaterhouseCoopers Company are responsible for tallying those votes. They hold the control for the ballots for a fair and systematic vote counting and recording.
5. England introduced the income tax to finance a war
England originally suggested income tax as a method of funding the war against France. On January 9th, 1799, British Prime Minister William Pitt the Younger suggested and established income tax to cover the cost of his country’s wars with France. This fact is not about accountants, but they are related to the field, so we thought of including it.
6. An accountant was responsible for breaking Al Capone’s case
Accountant Frank J Wilson when he joined the US State Treasury Department Intelligence Unit in 1920, earned a reputation when he and his team brought down the American mobster and crime boss, Al Capone. After reviewing approximately almost two million documents, he finally cracked the necessary information needed to break the mobster’s case.
These are some of the weirdly fascinating facts about accountants and accounting. Which one did you find most interesting? Looking for an accountant in Pascoe Vale? A quick Google search will search show nearby accounting firms.