Open AccessA review of accounting developments in Africa
Author(s) -
I.L. Wise
Publication year - 2021
Publication title -
the business and management review
Language(s) - English
Resource type - Journals
eISSN - 2047-2862
pISSN - 2047-2854
DOI - 10.24052/bmr/v12nu01/art-04
Subject(s) - accounting , fund accounting , stewardship (theology) , management accounting , accounting information system , currency , order (exchange) , financial accounting , accounting standard , business , positive accounting , control (management) , mark to market accounting , economics , political science , finance , management , politics , monetary economics , law
Entities in the developing nations of Africa, just like other entities in the developed world need to demonstrate good stewardship in order to attract and retain investment. This means that African countries need a robust accounting infrastructure to deliver reliable and comparable financial information. This paper reviews the current status of accounting in Africa, by looking at the structure of the accounting profession, oversight of accounting entities, currency and monetary control, the status of adoption of International Financial Accounting Standards, the level of accounting research in Africa, and developments in accounting pedagogy at African institutions of higher education. This overview is intended to provide a baseline from which future researchers can develop further investigations into the accounting profession across the continent or a region of Africa.