Did you know an accountant invented bubble gum? In 1928, Walter Diemer invented the sweet and chewy stuff that keeps our mouths busy and our breath fresh. Pretty cool! Want to know more? Here are four more facts about accounting you might not already know.
Before they rocked Hollywood, they rocked accounting
Stars like Kenny G, Janet Jackson and Mick Jagger initially studied accounting and were trained to go into that industry. Also, there is a team of CPAs that spends an average of 1,7000 hours before the Oscar night counting the Academy Awards ballots by hand.
Bringing down the house
Field agents might get most of the glory, but it was FBI accountants who brought down famous Chicago crime boss Al Capone. Capone was wanted for everything from bootlegging to murder, but he was actually arrested and convicted for tax evasion. The FBI currently employs more than 2,000 accounting special agents.
In high demand
Besides the fact that 60 percent of taxpayers must hire a professional to wade their tax returns, the job market looks bright for accounting professionals. The U.S. Department of Labor projects 1,275,400 new jobs for accountants and auditors and 1,799,800 new jobs for bookkeepers, accounting and auditing clerks between 2012 and 2022.
Auditors, analyzers, compliance professionals, controllers and accountants are high-demand accounting professionals – and they make good money. A staff accountant at a small company makes between $45,500-$59,000 a year, and a corporate controller at a large company can make up to $224,500.
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