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Theory development as a conceptual framework of social inquiry is adaptable to many fields of graduate business education. This paper outlines a pedagogical of Social Inquiry Model, based on historical concepts of theory development. The Model demonstrates the steps graduate accounting students can use in course discussions about social issue. It helps students arrive at conclusions that assist societies with practical solutions. The overarching goal of this theoretical model is to develop critical thinking and substantive thought processes in graduate managerial accounting students. Accounting education is a social construct of knowledge creation; therefore, it is necessary for students who are potential career professionals to gain insights into responding to critical issues and events affecting our societies. Moreover, the practical implication is this model supports methods of analyses and reasoning which are applicable to management decision-making activities.