The Role Of Accounting In Societal Development (in The Nigerian Context)

1.0INTRODUCTION This project is aimed at looking into the accounting profession in details and examining its role in societal development. A study of the evolution of accounting suggests that accounting processes are reactive because they have developed primarily in response to business needs.  Also the development of accounting process has been related to economic progress and societal development of a country. History shows that the higher the level of Civilization or development, this more elaborate and wider the accounting method becomes. Since Picoli’s days to this present day, accounting…