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Management Accounting Practice And Price Calculation: Soho Foundry, R. Williams
Management Accounting Practice And Price Calculation: Soho Foundry, R. Williams
Faculty of Business - Accounting & Finance Working Papers
When deciding upon the price to charge for one of their products the managers of the Soho Foundry in Birmingham placed great reliance upon the data stored in their accounting system. By the last decade of the eighteenth century the nature of the steam engine business was changing rapidly and reputation alone was insufficient to attract customers. Also as more industrialists decided upon steam as a source of power and competition to supply their needs more attention had to be paid to price structures. As well, increasing standardisation of product meant that a price list could be determined. This paper …
A Cultural Analysis Of Management Accounting Practices: An Introductory Work, E. R. Rasyid, M. J. Gaffikin
A Cultural Analysis Of Management Accounting Practices: An Introductory Work, E. R. Rasyid, M. J. Gaffikin
Faculty of Business - Accounting & Finance Working Papers
As an introductory work of a PhD research project, this paper is about methodological choice. It is argued that hermeneutics or interpretive philosophy is proper for studying how accounting is practiced in its cultural contexts. This paper then introduces Geertz's conception of interpretive culture. It is argued that Geertz' s interpretive cultural thought suggests an alternative perspective for an attempt to understand how management accounting is implicated in its organisational cultural context. Thereafter a research agenda for the research project is determined.