TY - JOUR ID - 117754 TI - Conceptual Development of Accounting: A Historical Perspective JO - International Journal of Management, Accounting and Economics JA - IJMAE LA - en SN - AU - Omagbon, Patrick AD - Department of Accounting, Faculty of Management Sciences, University of Benin P.M.B. 1154, Benin City, Edo State, Nigeria Y1 - 2015 PY - 2015 VL - 2 IS - 11 SP - 1393 EP - 1402 KW - Accounting KW - Account KW - Accounting Profession KW - Development KW - History DO - N2 - This paper attempts to analyze the conceptual development of accounting vis-à-vis the evolution of cost accounting and management accounting from the general accounting system.  It also looked into the evolution and promotion of international accounting bodies. The investigation so far revealed that the historical evolution of modern day accounting, from all evidence date to 1211 A.D. when Italian bank was said to have kept a complete double-entry books of accounts. In the light of this therefore, we concluded that the invention of double-entry bookkeeping cannot be ascribed to any individual. UR - https://www.ijmae.com/article_117754.html L1 - https://www.ijmae.com/article_117754_4a4a2a258bea293f0910fb93834830cc.pdf ER -