BKAR3053 FINANCIAL ACCOUNTING AND REPORTING IV

SEMESTER A221

MINI CASE 1

QUESTION 1
Discuss FOUR (4) definitions of accounting theory based on the article title: “Theories of
accounting: evolution & developments, income-determination and diversities in use”

QUESTION 2
The presence of bookkeeping system in the ancient world has been attributed to various
factors. In fact, an American accounting scholar named Ananias Charles (A. C.) Littleton lists
seven pre-conditions for the emergence of systematic double-entry bookkeeping (Source:
Littleton, A. C. Accounting evolution to 1900, American Institute Publishing Company, New
York, reprinted by Russell and Russel, New York, 1966). Briefly describe the SEVEN (7)
pre-conditions outlined by A. C. Littleton that were necessary for the development of double
entry bookkeeping.

Note: This mini case should be submitted before or on 26/10/2022 (Wednesday) before
12.00 am through UUM Online Learning, and it prepares individually. The formats of
the assignment are Microsoft word, font Times New Roman 12, single spacing and
maximum 4 pages.