Accounting is not only primarily a tool for measuring and estimating values, but also it is a potential information source. Fort his reason, its diffusion has very long history. Italian accounting (double entry bookkeeping) dominated the fifteenth and sixteenth centuries but lost its leadership during the eighteenth century. At the beginning of the nineteenth century the Italian accounting was starting to decline through the eighteenth century, and literature from France, England, Germany, America and other countries took centre-stage (Mattessich, 2003). These developments provided the construction of accounting schools in these countries which were effective on accounting thought and moreover accounting schools contributed to the development of the accounting literature and accounting researchs. In this respect, this study aimed to clarify the accounting schools between 19 and 21 centuries, which make direct contrubitions to the accounting thought and accounting literature.