RELEVANCE OF ACCOUNTING PRACTICE IN ADMINISTRATIVE LEADERSHIP: LESSONS FROM E. O. NWADIALOR
Accounting is as old as man on earth and it originates out of the desire of man to keep records of his inventories and transactions in order to be able to account for money owed to third parties as well as those owed by third parties. The development and growth of accounting in Nigeria can be traced to the 1960's with the emergence of professional accounting bodies in Nigeria. This is not to say that the starting point of practice of accounting in Nigeria was in the 1960's precisely, because the practice of accounting emanated from economic events and the attendant keeping of records which had long existed in Nigeria before the emergence of professional accounting bodies in Nigeria. However, one can trace the origin of accounting in Nigeria to the period of the professional accounting bodies to indicate the contributions of the professional accounting bodies toward the growth of accounting in the country.
Keywords: