ABSTRACT
This chapter reviews the major literary contributions to each of the theoretical perspectives. The rise of managerial capitalism and the associated development of accounting techniques are considered. As a result there are four possible approaches in two mainstream approaches such as accounting history managerialist and positivist are the mainstream approaches, and structuralist and post-modernist are the radical approaches such as structuralist and post-modernist. Emphasis is placed on the empirical relationship between the emergence of managerial capitalism and the development of modern accounting. Accounting and managerial accounting techniques were important components of managerial capitalism. Accordingly, accounting history has become a dynamic and polemical discipline, which has also begun to address debates among accounting researchers and future directions for accounting research as a whole. A common focus of accounting historians is the relative power of social groups especially managers and shareholders. Even so there are a larger number of interpretations of the relationships implied by differential power and the consequences for accounting.
