Billboard announced today (Aug. 25) that Beyoncé will be accepting its Woman Of The Year Award at the 2009 Billboard Women In Music Event, taking place on Oct. 2 in New York City.

The honor, given to a female recording artist that has inspired the music business with her success, leadership and new ideas, will be awarded to the singer for her accomplishments over the past 12 months.

In the last year, Beyoncé kicked off her world tour "I Am..." in support of her third solo album "I Am...Sasha Fierce," which debuted at No. 1 on the Billboard 200 chart in November and features the hit singles "If I Were A Boy," "Single Ladies," "Halo," "Ego" and "Sweet Dreams."

The tour also showcased Beyoncé's philanthropic side as she gave 2,500 tickets to families affected by the auto industry crisis in Detroit and joined forces with General Mills Hamburger Helper and Feeding America to deliver 3.5 million meals to local food banks.

"Beyoncé is a multi-platinum artist and a multi-talented woman who clearly embodies the qualities of excellence and achievement that the Billboard Woman Of The Year Award was created to honor," said Bill Werde, Billboard's Editorial Director, about Beyoncé, who is the only performer in the 51-year history of the Billboard Hot 100 to top the chart for 10 weeks or more with a group and as a solo artist. "She has not only influenced pop culture with her hit songs and signature dance moves, but has inspired women everywhere with her unique style, business savvy and dedication to charitable causes."

The Billboard Women in Music Event celebrates the most powerful and talented women in the music business and is also held in conjunction with the Women In Music Power Players List issue, which recognizes the top female music executives who are leading the industry with their artistic and business vision.