Shri Kalyan Subramani Aiyar (K.S. Aiyar) -Father of Accountancy in India

1. SHRI KALYANSUBRAMANI AIYAR (K.S. AIYAR)
-FATHER OF ACCOUNTANCY IN INDIA.

2. INTRODUCTION
 Luca Pacioli (c. 1447 - 1517) is called the 'father of accounting’ in all
over the world because he was the first to publish detailed material on the
double-entry system of accounting.
 In India, Shri Kalyana Subramani Iyer is regarded as ‘the father of
accountancy’.

3. K. S. AIYAR – FATHER OF ACCOUNTANCY IN INDIA
 Shri Kalyana Subramani Iyer (1859–1940), known as K.S. Aiyer, was a pioneer of
business and accountancy education in India.
 He started and established educational courses and institutes dedicated to commerce
and accountancy.
 He believed in integrity of profession and principle-based services.
 Kalyan Subramani Aiyar (born 6th June 1859) founded the firm K. S. Aiyar & Co.,
one of the oldest firms and started professional practice in Calicut in 1897.
 He and the firm shift-ed to Bombay in 1900, where it is head-quartered till this day.

4. K. S. AIYAR – A Dedicated Educationist.
 History of the Accountancy Profession in India acknowledges that K S. Aiyar a pioneer
of Indian Accountancy and of the Accountancy profession, was first dedicated
educationist.
 He served as the headmaster of the first commercial School in India started by
the Pachaiyappa College Charities at Madras from 1886-89.
 Shri Aiyar started a College of Commerce in 1900 preparing students for the
London Chamber of Commerce Examinations.
 He also started the first Night School of Commerce in Bombay.

5. K. S. AIYAR – A Dedicated Educationist.
 In 1912, Shri Aiyar instituted the first Bachelor of Commerce degree in
the Bombay University.
 He established an important education Centre of commerce,
Sydenham College of Commerce in Bombay in 1913 and acted as its first
honorary principal too.
 He considered his firm K. S. Aiyar & Co., as an educational institution and
a medium for furthering professional education and shaping the youth and
their bright minds.

6. K. S. AIYAR – ACHIEVEMENT.
 K. S. Aiyar got elected as an Associate of the Society of Incorporated
Accountants & Auditors (SIAA) of the UK without article-ship or
examinations in 1890.
 He also Authored Standard text-book in book-keeping in the same year
i.e. 1890.
 In 1901, he was Elected Fellow & Senate Member of University of
Bombay and continued as such for thirty-years.

7. K. S. AIYAR – ACHIEVEMENT.
 Shri Aiyar procured the permission in 1905 from the London council of the
SIAA, to train apprentices of the incorporated accountant’s education in India
for their London examinations.
 Shri Sorab S. Engineer was the first Incorporated Accountant to
serve his apprenticeship in India under Shri Aiyar in his firm from 1905
to 1908, and then served the same firm for another five years.
 Shri Engineer has been proclaimed guru of the first President of The
Institute of Charted Accountants of India, Shri G. P. Kapadia.

8. K. S. AIYAR – ACHIEVEMENT.
 Shri Aiyar wrote the scheme of the Government Diploma in
Accountancy (GDA) for the Government of Bombay on the
recommendations of the Accountancy Diploma Board.
 This Diploma empowered the accountants with Unrestricted Certificate to
practice accountancy in India.
 This diploma required a three-year articleship under an approved accountant
in practice.