The advent of double entry based costing practices in the British engineering industry: Ransomes of Ipswich, 1856-1863

Boyns, Trevor ORCID: https://orcid.org/0000-0001-8056-8832 and Edwards, John ORCID: https://orcid.org/0000-0002-1526-8523 2016. The advent of double entry based costing practices in the British engineering industry: Ransomes of Ipswich, 1856-1863. Accounting History Review 26 (3) , pp. 171-190. 10.1080/21552851.2016.1218958

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Abstract

The history of accounting in all countries is punctuated by significant gaps in our knowledge. For Britain, where topics such as cost accounting have been the subject of a substantive research effort, there is still much we do not know. It has been suggested that engineers played an important role in the development of costing during the nineteenth century (Wells 1977, 50), but that such activity occurred outside the double entry bookkeeping system. The lack of relevant contemporary literature and surviving business records has made it difficult to examine the validity of such claims. This paper reviews the surviving evidence from the agricultural implement manufacturer, Ransomes of Ipswich, in an attempt to provide a better understanding of the emergence of costing within the engineering sector during the 1850s and 1860s.

Item Type:	Article
Date Type:	Published Online
Status:	Published
Schools:	Business (Including Economics)
Subjects:	D History General and Old World > DA Great Britain H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce > HF5601 Accounting
Uncontrolled Keywords:	Costing theory, costing practice, double-entry bookkeeping (DEB), engineering industry
Publisher:	Taylor and Francis
ISSN:	2155-2851
Related URLs:	http://www.tandfonline.com/loi/rabf21
Date of First Compliant Deposit:	8 November 2016
Date of Acceptance:	11 March 2016
Last Modified:	19 Nov 2024 04:00
URI:	https://orca.cardiff.ac.uk/id/eprint/95893

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