ABSTRACT
Often “why study history?” is asked. Such a question is always inappropriate for every study of events is, “pro facto”, a study of history. Only the deliberate style of analysis undertaken and the particular insights sought differentiate history as a discipline, per se. It is reasonable to expect that when inflation recurs, probably early in the 1990s there will be calls for some form of CCA again, and the accounting profession will be faced once more with the task of evaluating that system of accounting. An understanding of the contextual frameworks in which its underlying ideas emerged lessens the possibility of CCA being attributed unwarranted authority and refinement.
