The perseverance of Pacioli's goods inventory accounting system

Stoner, G. (2011) The perseverance of Pacioli's goods inventory accounting system. Accounting History, 16(3), pp. 313-329. (doi: 10.1177/1032373211405479)




This paper details sources of the 'undoubtedly strange' (Yamey, 1994a, p.119) system of goods inventory records described in Pacioli’s 1494 bookkeeping treatise and traces the longevity and widespread use of this early perpetual inventory recording (EPIR) system in English language texts. By doing so and contrasting this system with the bookkeeping treatment of modern texts, it is shown that the EPIR system persisted as the dominant form of goods inventory accounting for between 400 and 500 years and that the reasons for its demise are worthy of further consideration and research.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Stoner, Professor Greg
Authors: Stoner, G.
Subjects:H Social Sciences > HF Commerce > HF5601 Accounting
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:Accounting History
Publisher:Sage Publications
ISSN (Online):1749-3374
Copyright Holders:Copyright © 2011 Sage Publications
First Published:First published in Accounting History 16(3):313-329
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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