Geri Anasayfa


Accounting’s Development Cycle: Theoretical and Institutional Perspective

The accounting area has evolved historically. It is fair to say that accounting has self-updating institutions in the frame of the development process. This study defines the accounting development process in a theoretical and institutional dimension. First, elements of the accounting development cycle are specified. In this context, accounting development has been described as a cycle that moves from a positive approach to a normative approach. Secondly, the relationship between the developmental cycle and institutionalization in accounting is discussed. In conclusion, it is stated that the positive approach plays a primary role in the establishment of accounting institutions. However, it is not possible to ignore the normative approach in terms of ensuring institutional quality.

Institutional Quality, Accounting Development Process, Institutionalism in Accounting