Title: A Historical Investigation in Accounting Information Disclosure and Corporate Governance—Rising Role of Managerial Accounting Information
Abstract: This article detailedly reviews the history of accounting development and its role in corporate governance.Accounting is marked off two branches as financial accounting and accounting,with their respective principal parts and scopes defined.The historical investigation shows that accounting is highly marked by managerial characteristic since its birth and plays an important role in corporate governance system under the condition of high stock concentration.In 20~(th) century,financial accounting enjoyed a golden development era.While the information disposal cost got higher and higher,managerial accounting was being gradually reduced to an attachment to financial accounting.It reveals that under the circumstance of lower information disposal cost,managerial accounting could materialize the relevance specialty over again and play a more important role in corporate governance system.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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