The noteworthy early efforts in teaching of accounting at the Dar-alfonoon school in 1921 led to creation of the field of accounting. After that, researchers & instructors gave it momentum during later decades. The first direct publication to accounting & auditing in Iran was in circular No.1935.4.13, which for the first time addressed reforms such as Balance sheet of debtor and creditor, which was itself a pace maker for tax laws of subsequent years. Also, "The income tax law" was passed in 1951 - though this law never went into effect - number of reforms was devised in it, such as cost & income. History of accounting in Iran can be studied from following periods: 1) Iran prior Islam, 2) Iran after Islam till Qajar period, 3) From Qajar period till Constitutional revolution, 4) From Constitutional revolution till beginning of 1960's, 5) From 1960's till present. This study also provides interesting information on the following subject: formation of the committee of public accounting standards codification in Iran, the formation of audit institute, the society of certified accountants of Iran, and formation of Iran stock market. The operating period of the Stock Market can be divided to four periods: the first period (1967 - 1977), second period (1977 - 1988), third period (1988 - 2004), and the fourth period (from 2004 - present) etc.

The noteworthy early efforts in teaching of accounting at the Dar-alfonoon school in 1921 led to creation of the field of accounting. After that, researchers & instructors gave it momentum during later decades. The first direct publication to accounting & auditing in Iran was in circular No.1935.4...