e-journal

Influence of fundraising infeasibility on accounting changes

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Purpose – This paper aims to analyze early financial reporting practices and discuss the influence of
fundraising infeasibility on accounting changes, focusing primarily on depreciation accounting
practices.
Design/methodology/approach – London and Birmingham Railway Company (L&BR) is a
representative railway company whose practices laid the foundation for nineteenth century British
railway accounting. All reports prepared by L&BR after each annual general meeting were analyzed
using text mining. Keywords were extracted and the changes were observed, thus facilitating the
prediction of accounting issues. Furthermore, the keyword contexts were confirmed using a search engine.
Findings – This paper suggests that fundraising infeasibility might have influenced changes to the
depreciation accounting practices at L&BR.
Research limitations/implications – Being a historical study, it necessitates investigations into
practices of other companies.
Practical implications – The findings suggest that not only the negative operating results that
previous studies claim but also the infeasibility of raising funds by issuing new shares might have
influenced changes to the accounting concepts and accounting practices in the early-nineteenth
century British railway companies.
Originality/value – The accounting changes at L&BR could be important because they indicate that
the management had reached the point at which it did not need to depend on fundraising via the
issuance of new shares. This was an early sign of the development of self-financing.

Keywords Accounting history, Depreciation accounting, Text mining

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Ketersediaan

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Informasi Detail

Judul Seri

Journal of Accounting & Organizational Change

No. Panggil

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Penerbit

: Emerald Group., 2013

Deskripsi Fisik

Journal of Accounting & Organizational Change Vol. 9 No. 4, 2013 pp. 471-489

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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