On the Significance of Accounting Knowledge

Abstract

Th e questions about the necessity and signifi cance of understanding accounting theory for practicing accountants now arise with enviable constancy. Th e author of the article, arguing the paramount role of the scientifi c approach, in the course of carrying out accounting activities, turns to historical experience. Covering the problems of the past, the author reveals the permanence of the urgency of the indicated issue and draws appropriate parallels with the present.