Description: Friday, November 10, was International Accounting Day. For a discipline that is used to operating out of the limelight, this is one day of the year that focuses on what exactly it is that accountants do. Accounting can be traced back thousands of years to the ancient civilization of Mesopotamia. International Accounting Day comes from the anniversary of the publication of a 15th century seminal work on accounting.

Date:  November 10, 2023

Source:  livemint.com

 Link: https://www.livemint.com/news/international-accounting-day-know-history-significance-and-relevance-of-accountants-contribution-to-business-economy-11699579735402.html

Discussion points:

1) Are you interested in a career in accounting?

2) The article tells us a bit about the history of accounting. Do you think accounting courses should have more of a historical dimension?

3) Page 2-21 of Wiley’s Financial Accounting: Tools for Business Decision-Making discusses the work of the International Accounting Standards Board (IASB). What is the job of the IASB?