Cost accounting in early regulated markets: The case of the Royal Soap Factory of Seville (1525-1692)
Article Abstract:
The role of cost systems in early regulated markets by focusing on the case of the soap production and distribution monopoly in the City of Seville, Spain is examined. Detail of the disputes between the Duke of Alcala and the local government about the fair price of pound of soap negotiations after the development of tests that replicated the soap production process and determined its costs through complex calculations is presented.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2004
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How should banks account for loan losses
Article Abstract:
Most of the banks adopt conservative way of accounting loan losses. GAAP too treats loans and losses there from like any other contingency. Suggestions are offered to record these losses in a manner that would be realistic and closer to fair value rather than book value.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2005
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Du Pont's early policy on the rotation of audit firms
Article Abstract:
E.I. du Pont de Nemours and Co. rotated auditors every year from 1910 until the 1950's, when it appointed a permanent auditor. The article explores reasons for the change.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2003
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