Does Accounting History relevant for our study nowadays?

Indeed Accounting history is important for our study. Yet it supports an importance to accounting pedagogy, policy and practice. It makes it possible to “better… Understand our present and to forecast or control our future”

Definition of Accounting Theory
It is a study of a heritage of accounting and its contribution to accounting pedagogy, policy and perspective.


With regards to Pedagogy

Accounting history can be very helpful to a better understanding and appreciation of the field of accounting and its evolution as a social science

• Profession build over many centuries should educate its members to appreciate their intellectual heritage.
• The import of advances in thought, of major contributors to the literature, and of crucial positive studies may be lost, fragmented, or inadequately recognized in the longer term unless they are documented and incorporated by scholars who have historical skills.
• Without access to analyses & interpretations of historical developments in accounting thought and practice, today's empiricists risk basing their investigations upon incomplete or unjustified claims about the past. 

With regards to Policy Perspective

Accounting history is instrumental to a better understanding of the accounting problems and their institutional contexts as well as the formulation of the public policy

With regards to Accounting Practice

Accounting history could provide a better assessment of the existing practices by a comparison with the methods used in the past.