As a finance professional I have always paid a lot of attention to practical knowledge. Even during my student phase, I used to spend a lot of time understanding and applying the principles of the accounting standards in problems or real life scenarios. However, I never once stopped to understand the need for such standards and how they had evolved over time. This I believe is the bed rock to appreciate the form and being of such principles. I came upon a short free course on udemy that brought these ponderings of mine under perspective. Sharing it here for the benefit of all.
https://www.udemy.com/course/accounting-standards-need-and-evolution/?src=sac&kw=accounting+standards
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