Management accounting at the Hudson's Bay Company : from quill pen to digitization / Gary Spraakman.

Format:

Book

Author/Creator:

Spraakman, Gary, author.

Contributor:

University of Sydney. Accounting Foundation, sponsoring body.

Series:

Studies in the development of accounting thought ; Volume 17.

Studies in the Development of Accounting Thought, 1479-3504 ; Volume 17

Language:

English

Subjects (All):

Managerial accounting.

Hudson's Bay Company.

Physical Description:

1 online resource (302 pages).

Edition:

First edition.

Place of Publication:

Bingley, England : Emerald, 2015.

Language Note:

English

Summary:

In examining a company for 335 years, Management Accounting at the Hudson's Bay Company: From Quill Pen to Digitization finds five significant management accounting changes. Each difficult to make change was made for significant strategic and survival reasons. Thus, the focus is on the making and remaking of management accounting.

Contents:

Front Cover

Management Accounting at the Hudson's Bay Company: From Quill Pen to Digitization

Copyright page

Contents

Preface

Acknowledgements

List of Exhibits

Chapter 1 Introduction: Beginning the Adventure in Management Accounting

1.1. Changes to Management Accounting

1.2. About Economics

1.3. Survival, the Ultimate Test

1.4. Amazing Archives

1.5. Chapter Plan

Notes

Part I: Double-Entry Fur Trading, 1670 to 1810

Chapter 2 The First Accounts

2.1 Beaver Hats

2.2 Groseilliers and Radisson

2.3 Judging Management Accounting

2.4 Bookkeeping

2.5 Concluding Comments

Chapter 3 Barter Accounts

3.1 Getting Serious about Business

3.2 The First Management Accounting Programme

3.2.1 Outfits and Indents

3.2.2 Standard of Trade

3.2.3 Inventory Records

3.2.4 Balance Sheet

3.3 Concluding Comments

Part II: Coordinating with Management Accounting, 1810 to 1870

Chapter 4 Problems with Barter Accounting

4.1 A Strategic Change

4.2 More Uncertainty

4.3 A Reticent Management Accounting Programme

4.3.1 Outfits and Indents

4.3.2 Standard of Trade

4.3.3 Inventory Records

4.3.4 Balance Sheet

4.4 Concluding Comments

Chapter 5 The Radical Change

5.1 A 36-Year Delay

5.2 Organisational Changes

5.3 Management Accounting Changes

5.4 Other Changes

5.5 Concluding Comments

Chapter 6 The Merger with the North West Company

6.1 Predatory Competition

6.2 Comparison of Management Accounting Practices

6.3 The Merger

6.4 The New Inland Governor

6.5 Concluding Comments

Chapter 7 London Counting House Practices

7.1 The Wedderburn Influence

7.2 London Counting Houses

7.3 Business Trends at the Time

7.4 State and Practice of Accounting

7.5 Direct Sources of the Transferred Practices.

7.6 Evidence of the Transfers

7.7 Concluding Comments

Chapter 8 Simpson and the Best Years

8.1 Background

8.2 Counting House Experience

8.3 Wedderburn's Guidance

8.4 Simpson's Management Accounting Techniques

8.5 Profit and Loss Statement

8.6 Multi-Year Indenting

8.7 Standards

8.8 Concluding Comments

Chapter 9 Comparison to 20th Century U.S. Management Accounting

9.1 Relevance Lost

9.2 Inventory Records, Indents and Outfits

9.3 Standards

9.4 Operating Statements

9.5 Concluding Comments

Part III: Beginning to Manage with Financial Numbers, 1870 to 1930

Chapter 10 Infrastructure Modernisation

10.1 More Certainty with Operations

10.2 Changing Trade Conditions

10.3 No Need for 'Living Off the Land'

10.4 Special Assets Lose Value

10.5 Organisational Structure Changes

10.6 Indents Cease to Exist

10.7 Outfits Disappear

10.8 Councils Terminated

10.9 Trade and Other Standards Deemphasised

10.10 Inventory Records Continue in Modified Form

10.11 Balance Sheet Replaced with the Trading Account

10.12 Other Changes

10.13 Concluding Comments

Chapter 11 Entering the Retail Business

11.1 Expanding Beyond the Fur Trade

11.2 Preparing for the Future

11.3 Concluding Comments

Chapter 12 Inspectors Assist Managers

12.1 Internal Audit Innovation

12.2 Line versus Staff Inspections

12.3 Comparisons to Modern Internal Audit

12.4 Concluding Comments

Chapter 13 External Auditor Induced Changes

13.1 The First External Auditors

13.2 The Evolution of the Company's External Auditor

13.3 Management Advisors

13.4 Concluding Comments

Chapter 14 Management Accounting Causes Structural Changes

14.1 Inherent Resistance

14.2 Organisational Changes

14.3 More Accountability at Posts

14.4 Concluding Comments.

Chapter 15 Difficulties with Closing Fur Trade Accounts

15.1 The Problem

15.2 Some Improvements

15.3 The Mechanics of Multiple Year Endings

15.4 Concluding Comments

Chapter 16 Clarifying Reporting to Shareholders

16.1 New Demands on Management Accounting

16.2 Shareholder Requests for Segmented Reporting

16.3 Other Changes to Shareholder Reporting

16.4 Concluding Comments

Chapter 17 Managing with the Chart of Accounts

17.1 Entering the Department Store Business

17.2 'Departmental' Reporting

17.3 General Ledgers

17.4 Transaction Processing

17.5 Concluding Comments

Part IV: Managing with Financial Numbers, 1930 to 2000

Chapter 18 Chester's Contributions to Managing with Financial Numbers

18.1 Management Accounting Changes

18.2 Chester versus Simpson

18.3 Structural Changes

18.4 Budgeting

18.5 Standardising Management Accounting

18.6 Concluding Comments

Chapter 19 Commoditisation of Management Accounting

19.1 New Techniques

19.2 Internal Audit

19.3 Capital Budgeting

19.4 Planning

19.5 Concluding Comments

Chapter 20 Two Heads

20.1 Earlier Success Not Repeated

20.2 Structural Adjustments

20.3 Conflict between the London Governor and the Canadian Committee

20.4 Growing the London Office

20.5 Conflict with Governor and Canadian Committee Grows

20.6 Finally a Resolution

20.7 Some Adjustments to the Structure

20.8 Concluding Comments

Part V: Managing with Real Numbers, 2000 to 2005

Chapter 21 Stable Management Accounting Techniques

21.1 Strategic Changes

21.2 Planning

21.3 Capital Budgeting

21.4 Budgeting

21.5 Internal Reporting

21.6 Internal Audit

21.7 Concluding Comments

Chapter 22 Information Technology Invasion

22.1 An Intruder in Management Accounting.

22.2 Loose-Leaf System and Mechanisation

22.3 HBC's Reaction to the IT Evolution: Gradual Changes

22.4 HBC's Reaction to the Evolution: Retek

22.5 Product-Line Accounting

22.6 The Wal-Mart Factor

22.7 Concluding Comments

Chapter 23 Conclusion: Lessons from the Adventure

23.1 Lessons Learned

23.2 Institutionalisation

23.3 Managing the Real

23.4 Concluding Comments

Appendices

Appendix A: Dividends

Appendix B: Various Balance Sheet Formats

Balance Sheet, 1866

Balance Sheet, 1872

Balance Sheet, 1932

Consolidated Balance Sheet, 1948

Consolidated Balance Sheet, 1964

Consolidated Balance Sheets, 2005

Appendix C: Various Profit and Loss Statement Formats

Profit and Loss, 1866

Profit and Loss, 1872

Profit and Loss, 1891

Profit and Loss Account, 1895

Profit and Loss Account, 1914

Profit and Loss Account, 1924

Profit and Loss Account, 1932

Profit and Loss Account, 1948

Consolidated Profit and Loss Account, 1951

Consolidated Profit and Loss Account, 1964

Consolidated Statement of Earnings, 1972

Consolidated Statement of Earnings, 1975

Consolidated Statement of Earnings, 2005

References

Index.

Notes:

"Published with the support of The University of Sydney."

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed February 18, 2015).

ISBN:

9781784415853

1784415855

OCLC:

903014420