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HISTORY AND PHILOSOPHY OF ACCOUNTING THOUGHT: A NIGERIAN ACCOUNTING HISTORICAL REFLECTION
INTERNATIONAL JOURNAL OF SOCIAL AND POLICY (2004)
  • Chukwumah Lawyer Obara, Dr
Abstract

This study presents the maj or historical development that has been resp onsible for the development oj current accou nting thoughl and philosophy. While accounting thought andphilosophy have developed over time in response to many changes in the economic and sociological environment, it has also de veloped along geographical lines to meet the different needs of many national cultures. economic and political systems. Many nations hav e fo llowed the lead of the more advanced countries oj the world. but there is increasing evidence that no single nation or group of nations has a monopoly on the development of accounting thought and accounting research. This p laces a g reater emphasis than previously on an international exchange a/ideas and an understanding a/ the basic reasons for diffe rences in accounting thought and practice througho ut the world. Double-ent ry 'was created in response to challenge of the / 5th century commercial enterprise. The accountancy prof ession gre'H'out of the economic demands of the Industrial Revolution. The greater the complexity oj the stru cture of production and exchange, the more important it is thatfin ancial information and advice should be given with competence and honesty. It is for this purpose that accounting profess ion today exists, and upon its ability 10 respond to the demands ofthe future will its continued progress depend. This is true in all the economy ojthe world, even Nigeria

Keywords
  • HISTORY,
  • PHILOSOPHY OF ACCOUNTING,
  • NIGERIAN,
  • ACCOUNTING,
  • ORICAL REFLECTION
Disciplines
Publication Date
2004
Citation Information
Chukwumah Lawyer Obara. "HISTORY AND PHILOSOPHY OF ACCOUNTING THOUGHT: A NIGERIAN ACCOUNTING HISTORICAL REFLECTION" INTERNATIONAL JOURNAL OF SOCIAL AND POLICY Vol. 2 Iss. 2 (2004)
Available at: http://works.bepress.com/chukwumah_obara/20/