Accounting has grown significantly in the transition from ancient history and the Renaissance to the Industrial Revolution and then postmodernism. The purpose of this research is to examine how modernism and postmodernism have affected accounting and its growth and development. The present research is of a descriptive-qualitative type and its method is data regression (historical). The results of the research show that accounting is indebted to modernism and postmodernism. These two have provided a historical opportunity for accounting to increase the power of the accounting profession, in addition to expanding conceptual frameworks, and to think about harmonizing rules and standards in the light of globalization. Accounting in the context of history has been on the path of growth since the past, has reached maturity in modernity, and will continue its gradual evolution in postmodernism.