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.

Soap and Other Detergent Manufacturing, Soap, Cleaners, and Toilet Goods, Soaps & Detergents, Cost Accounting, Analysis, Soap and cleaning agents industry, Cleaning agents industry, Royal Soap Co.

---

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.

Commercial Banks, Personal credit institutions, Nondepository Credit Intermediation, Lending Services, Banking industry, Valuation, Loans, Bad debts

---

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.

History, Auditing, Chemical industry, E.I. du Pont de Nemours and Co.

Similar abstracts:

• Abstracts: The supply of and demand for accounting information in an unregulated market: examples from the Lancashire cotton mills, 1855-1914
• Abstracts: Changing the face of marketing: the new wave of technological change promises tools for faster, flexible decision making
• Abstracts: An international relations perspective on the consequences of SETI. Interpreting and reporting on a SETI discovery: we should be prepared
• Abstracts: Efficiency in financial services firms. The importance of relationships to the availability of credit. Repeated acquirers in FDIC assisted acquisitions
• Abstracts: Disclosure in Japanese corporate annual reports. The information content of defence documents in UK hostile take-over bids

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.