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Accounting For Steam: The Accounts Of The Soho Factory, R. Williams
Accounting For Steam: The Accounts Of The Soho Factory, R. Williams
Faculty of Business - Accounting & Finance Working Papers
The accounting records of the Soho Foundry, an organisation set up in the late eighteenth century display a close similarity to modem accounting processes. This paper discusses the organisation of the foundry and its ledger, as a reflection of that organisation, during the early years of operation. The Soho Foundry was unique in as much as it was the first factory built to solely manufacture steam engines and as may be expected the organisation of the foundry reflected the innovation of the design of its product. The accounting system employed also reflected a high degree of sophistication.
Accountancy As An Autopoietic System: An Explanation Of Recurring Regulatory Failure, K. Cooper
Accountancy As An Autopoietic System: An Explanation Of Recurring Regulatory Failure, K. Cooper
Faculty of Business - Accounting & Finance Working Papers
A recurring feature of the Australian corporate scene has been a cycle of booms and collapses. This, in turn, has been accompanied by a recurring cycle of regulatory failure, regulatory reform. In the wake of regulatory failure, it has not been uncommon for criticism to be directed towards accounting and the accountancy profession for the unexpectedness of some corporate failures. This criticism, in general, arises because the audited financial statements of the companies concerned have indicated the companies were profitable and well-managed. Subsequent investigation invariably has shown that the companies were, in fact, incurring losses and often faced severe liquidity …
Some Professionalisation Strategies Of Australian Accountancy, K. Cooper
Some Professionalisation Strategies Of Australian Accountancy, K. Cooper
Faculty of Business - Accounting & Finance Working Papers
It is one thing for an occupational group to designate itself a profession but quite another to attain public recognition of this status. Accomplishing publicly recognised professional status was a prime task of Australian accountancy during the course of this century. This task was, perhaps, more difficult for Australian accountancy than, for example, their United Kingdom counterparts. One factor contributing to the difficulty of the task was that many of the unexpected corporate failures in the wake of the Victorian land boom of the late eighteenth century cast many members of the early Australian accountancy associations in the role of …
The Cost Of Power: Costing Procedures At The Soho Foundry, R. Williams
The Cost Of Power: Costing Procedures At The Soho Foundry, R. Williams
Faculty of Business - Accounting & Finance Working Papers
The Soho Foundry, managed by James Watt jnr was an innovative manufacturer of steam engines, in the late eighteenth and early nineteenth centuries. This paper discusses the establishment of the foundry and the costs accumulated and recorded to assist in the management of the organisation. The costing records were very comprehensive and served to set prices as well as to determine profit on each order.