Development of Principles and Formulation of Accounting Theory Onuche, Sarah-Joy Eleojo¹ Correspondence Author: firstname.lastname@example.org
Okezie, Stella O.2 Nwawuru, Clifford3
Department of Accounting, Michael Okpara University of Agriculture, Umudike, Abia State
While accounting appears to have been practiced at least since the beginning of recorded history, accounting theory is of comparatively recent origin. This may be due to the difficult, abstract nature of accounting thought, or perhaps to a gradual change in the scope and methods of
accounting, which was thereby rendered more amenable to the formalized type of explanation which we call theory. Possibly there is some other cause; it is a matter for conjecture.