The formation and use of a profit reserve at the end of the fourteenth century

Kuter, Mikhail; Sangster, Alan; Gurskaya, Marina

doi:10.1177/1032373219870316

Cited by 16 publications

(7 citation statements)

References 13 publications

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“…8. Among the most recent studies in the history of accounting that have used documentation from Datini's companies, we mention Kuter et al (2017Kuter et al ( , 2018Kuter et al ( , 2020. 9.…”

Section: Discussionmentioning

confidence: 99%

The emergence of double-entry bookkeeping in Tuscan firms of the thirteenth and fourteenth centuries

Orlandi

2021

Accounting History

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This study considers developments that led to the introduction and diffusion of double-entry bookkeeping in Tuscany in the late-thirteenth and fourteenth centuries. We examine the evolution of the four basic account books (debtors and creditors, cash, merchandise and moveable property), which, together with the capital account, established the basis of the accounting method. We reconstruct the social context of Tuscany to highlight how specific cultural factors, such as risk appetite and entrepreneurial spirit, fostered the creation of companies attentive to organisational modes of work and the valorisation of human capital. These elements, combined with an innate pragmatism of economic operators, produced innovation in the field of accounting as well. Accountants and firm managers were able to establish the double-entry bookkeeping method, which was not the result of abstract rules but rather of gradual evolution. Accounting systems can thus be considered as reflections of the society and the organisations in which they developed and spread.

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Section: Discussionmentioning

confidence: 99%

The emergence of double-entry bookkeeping in Tuscan firms of the thirteenth and fourteenth centuries

Orlandi

2021

Accounting History

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“…Many articles contained biographical details of a person involved in the professionalisation of accounting including their death (e.g. Bisman, 2012; Carnegie, 2005) or some figure that has presided over the keeping of accounts, such as Tsar of Russia Peter I (see Sokolov, 2019) or the international trader Francesco di Marco Datini (see Kuter et al, 2020). In these articles there were no accounts for or account of death.…”

Section: Methodsmentioning

confidence: 99%

Accounting for and accounts of death: Past, present and future possibilities

Moerman

Laan

2021

Accounting History

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Despite being an inevitable consequence of living, accounting for and accounts of death are under-researched in the accounting history literature. In this article, we review this literature and find that only a few studies engage beyond a mere reference to death; and even fewer that attempt to account for or provide accounts of death. Those studies that attempt to provide an account fall into two broad categories. First, those that treat death as a transactional phenomenon; and second, those that call for some form of accountability for death, a phenomenon we term necroaccountability. Further, we highlight a third space where accounting and death coalesce in the business of death. Through this process, we identify opportunities to increase our knowledge of accounting and death by understanding the ways in which it has been conceptualised and mobilised in the past.

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“…As a result, the Datini archives show a transition from single entry bookkeeping to double entry bookkeeping around 1383. Kuter, et al (2019) found that the account books of partnerships were closed, and the profit distributed among the partners at various points prior to the final dissolution of the companies. However, there is no evidence that the accounting records of the Datini companies were closed and profits determined on regular basis, such as annually.…”

Section: The Use Of Time In the Datini Enterprises In Northern Italy mentioning

confidence: 99%

Time and Temporality in Accounting.

Baker¹

2020

Preprint

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The purpose of this paper is to examine how concepts of time and temporality have been used in accounting in different historical periods. The primary argument of the paper is that while concepts of time and temporality are important to accounting, the categorization of events and transactions in organizational life into distinct time periods is not of recent origin, nor is time a commodity as has been argued by some historians. Instead, time and temporality have been present in organizations throughout recorded history. Moreover, accounting periods tend to repeat through time, with each period having a distinct nature, but nevertheless recurrent. Thus, periodicity in accounting is not progressive, such as that implied by the linear understanding of time in western philosophy. Time is accounting is more like a cyclical process which moves in a precise rhythm for the ultimate purpose of making sense out of organizational life. Methodologically we rely on archives and secondary sources pertaining to several historical periods discussed. The originality of the paper is that it reveals how time measurements are socially constructed and not an aspect of material reality.

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The formation and use of a profit reserve at the end of the fourteenth century

Cited by 16 publications

References 13 publications

The emergence of double-entry bookkeeping in Tuscan firms of the thirteenth and fourteenth centuries

The emergence of double-entry bookkeeping in Tuscan firms of the thirteenth and fourteenth centuries

Accounting for and accounts of death: Past, present and future possibilities

Time and Temporality in Accounting.

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