ADOPTION OF ACCOUNTING SYSTEM AMONG THE BRITISH COLONIAL TRADING COMPANIES (BY THE EXAMPLE OF HUDSON’S BAY COMPANY, THE XVII-XIX CENTURIES)
Sapuntsov Andrei Leonidovich
Institute for African Studies of the Russian Academy of Sciences
Submitted: 11.11.2019
Abstract. The article examines accounting in colonial trading companies. For the first time the author describes the principles of accounting in Hudson’s Bay Company focusing on such issues as accounting of beaver fur purchase, preparing the colonies’ budget (on supplies from Europe and fur delivery), scheduling records in the accounts and their consolidation, stock accounting at the factories. It is shown that adoption of monetary relations among the Indians stimulated trade. Practices of budgeting, stock accounting and cost accounting adopted in Hudson’s Bay Company stimulated colonial expansion.
Key words and phrases: бухгалтерский учёт, индейцы Канады, колонии Великобритании, Компания Гудзонова залива (КГЗ), мех бобра, Ост-Индская компания (ОИК), транснациональная корпорация (ТНК), accounting, Canadian Indians, British colonies, Hudson’s Bay Company, beaver fur, East India Company, transnational corporation
Open the whole article in PDF format. Free PDF-files viewer can be downloaded .
References:
Volodin D. A. Kak Kanada stala Arkticheskoi derzhavoi // SShA i Kanada: ekonomika, politika, ideologiya. 2018. № 11. S. 85-98. DOI: 10.31857/S032120680001913-8.
Kokotov S. A. Stanovlenie Kanady kak suverennogo gosudarstva: ot dominiona k korolevstvu // Servis v Rossii i za rubezhom. 2015. T. 9. № 1. S. 134-147. DOI: 10.12737/11716.
Binnema T. Enlightened Zeal: The Hudson’s Bay Company and Scientific Networks, 1670-1870. Toronto: University of Toronto Press, 2014. XVI+458 p.
Carlos A. M., Lewis F. D. Indians, the Beaver, and the Bay: The Economics of Depletion in the Lands of the Hudson’s Bay Company, 1700-1763 // The Journal of Economic History. 1993. Vol. 53. Iss. 3. P. 465-494.
Ray A. J., Freeman D. B. ‘Give Us Good Measure’: An Economic Analysis of Relations between the Indians and the Hudson’s Bay Company before 1763. Toronto: University of Toronto Press, 1978. XVI+298 p.
Roy S. P., Spraakman G. Transaction Cost Economics and Nineteenth-Century Fur Trade Accounting: Relevance of a Contemporary Theory // Accounting History. 1996. Vol. 1. Iss. 2. P. 55-78. DOI: 10.1177/103237329600100204.
Smith A., Simeone D. Learning to Use the Past: The Development of a Rhetorical History Strategy by the London Headquarters of the Hudson’s Bay Company // Management & Organizational History. 2017. Vol. 12. Iss. 4. P. 334-356. DOI: 10.1080/17449359.2017.1394199.
Spraakman G. Management Accounting at the Hudson’s Bay Company: From Quill Pen to Digitization. Bingler, UK: Emerald, 2015. XV+285 p.
Spraakman G., Davidson R. Transaction Cost Economics as a Predictor of Management Accounting Practices at the Hudson’s Bay Company, 1860 to 1914 // Accounting History. 1998. Vol. 3. Iss. 2. P. 69-101. DOI: 10.1177/ 103237329800300204.
Spraakman G., Margret J. The Transfer of Management Accounting Practices from London Counting Houses to the British North American Fur Trade // Accounting, Business & Financial History. 2005. Vol. 15. Iss. 2. P. 101-119. DOI: 10.1080/ 09585200500121108.
Spraakman G., Wilkie A. The Development of Management Accounting at the Hudson’s Bay Company, 1670-1820 // Accounting History. 2000. Vol. 5. Iss. 1. P. 59-84. DOI: 10.1177/103237320000500104.
Wiseman M. S. Ted Binnema, Enlightened Zeal: The Hudson’s Bay Company and Scientific Networks, 1670-1870 // American Review of Canadian Studies. 2016. Vol. 46. Iss. 1. P. 122-123. DOI: 10.1080/02722011.2016.1165545.
Русский
