(Department of Public Administration, 2005-03-05) Iyoha, Francis O.
There is a nexus between Accounting and economic well-being The nexus flows from
the role, which Accounting information traditionally plays, on the one hand in securing
accountability, and on the other, in improving and facilitating optimal decision making in
any situation where choice amongst alternatives is involved. It means therefore that the
accounting function is inseparable from the task of managing the National economy. The
Accountants as professionals and as practical Economists have vital roles to play in
shaping the tune of National development. But the nature of the roles the Accountants
can play has always been a closed book. This is one of the reasons why the services of
professional Accountants have not been employed on a large scale in the task of
National Development. This paper has therefore discussed the nature of the roles of
professional Accountants in national development and the gains that could accrue from
performing such roles.