Iranian Financial Engineering Association(IFEA) International Journal of Finance & Managerial Accounting 2588-4379 10 36 2000 01 01 Financial Accounting Development and Modernity 209 222 23383 10.30495/ijfma.2022.50603.1392 EN Hamed Arad PhD Candidate, Department of Accounting, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran 0000-0002-4396-7698 Fereydon Rahnamay Roodposhti Professor, Department of Accounting, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran Bahman Banimahd Associate Professor, Department of Accounting, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran 0000-0001-9554-4091 Hashem Nikoomaram Professor, Department of Accounting, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran Journal Article 2020 01 26 Much of the current change has been influenced by the concept of Modernity. Factors such as Capitalism have considered the development of professions such as accounting and auditing to achieve their goals. More than any other phenomenon in new world, modernism has influenced the transformation of human societies. Modernity is the product of social change and has been influenced by social change too. In the present study, the development of accounting has been considered from the standpoint of modernism.<br />The study collected data from a survey of 391 Iranian accounting faculty member and researchers in 2018. The results of our study show that modernism has influenced the development of accounting through the development of theoretical frameworks, structural concepts in financial reporting, and the political process of financial reporting. Also, components such as rationalism, professionalism, progressivism, anti-Semitism, unity, materialism, objectivity are important components of modernity that have influenced the development of accounting.<br />Keywords: Modernity, Accounting Theory, Capitalism, Conceptual Framework, Political Accounting http://www.ijfma.ir/article_23383_c0f3a9cc8c0672341632498cdfb3fff9.pdf