The paper begins with brief review of some key issues in the development of Accounting in Italy in the first decades of XX century, in order to set the background of the research. Then, some space is given to the biographical issue, because it offers several explanations of the conditions that eased the relationships with Fischer’s and other economists’ ideas and explains some causes of the lack of relevance of the Neapolitan scholar. The main part of this paper is devoted to the presentation of the Economic Value of Capital model and the related “functional interpretation” of Economia Aziendale, that are de Minico’ main contributions to Accounting. The picture is completed by presentation of two other outputs of his thought. The framework for depreciation, provisions and reserves, that stands still unquestioned as part of Italian theories of accounts, and the Economic causes system, that addressed some of the weaknesses of Zappa’s Accounting system, opening a road to the further developments made Amaduzzi and other scholars.
The Early Years of The Neapolitan School of Accounting: The "Economic Value of Capital" Model
FIUME, Raffaele
2005-01-01
Abstract
The paper begins with brief review of some key issues in the development of Accounting in Italy in the first decades of XX century, in order to set the background of the research. Then, some space is given to the biographical issue, because it offers several explanations of the conditions that eased the relationships with Fischer’s and other economists’ ideas and explains some causes of the lack of relevance of the Neapolitan scholar. The main part of this paper is devoted to the presentation of the Economic Value of Capital model and the related “functional interpretation” of Economia Aziendale, that are de Minico’ main contributions to Accounting. The picture is completed by presentation of two other outputs of his thought. The framework for depreciation, provisions and reserves, that stands still unquestioned as part of Italian theories of accounts, and the Economic causes system, that addressed some of the weaknesses of Zappa’s Accounting system, opening a road to the further developments made Amaduzzi and other scholars.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
