Advanced Search
MyIDEAS: Login

Las disputas contables en el Banco de España en 1859: valoración a precios de mercado vs valoración a precio de adquisición, el devengo y otras cuestiones. (Discussions on accounting criteria at the Bank of Spain in 1859: market price vs purchase price value, accrual basis accounting and other items)

Contents:

Author Info

  • Moreno Fernández, Rafael
Registered author(s):

    Abstract

    En el presente artículo se abordan los antecedentes cercanos a la constitución del Banco de España -1856-, partiendo de su antecesor el Banco Español de San Fernando, si bien su origen realmente se encuentra en 1782 con la fundación del Banco de San Carlos. Asimismo se analizan los cambios bancarios iniciados en esa época como consecuencia de un nuevo marco normativo. Esa configuración determinaría la base de donde arranca la banca española actual. This paper deals with the discussions on accounting criteria taken place at the Board of Directors of the Bank of Spain short after its establishment. Shareholders pretended that Public Debt and real property should appear on the Balance sheet at market price values and some members of the Board of Directors shared this opinion. This was against the accounting principle of purchase price, which was the generally accepted at that time. Another burning matter discussed was the convenience of a wider disclosure of financial issues. The way to implement an accrual basis accounting was also a discussion subject as well as even the model that the published Balance sheet had to adopt. These discussions were so harsh that even the Governor, that is, the highest responsible of the institution, began to think to resign, although his appointment was made by the Government and not by the shareholders.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.decomputis.org/dc/articulos_doctrinales/moreno_fernandez6.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Asociación Española de Contabilidad y Administración de Empresas (AECA). Spanish Accounting and Business Administration Association. in its journal De Computis.

    Volume (Year): (2007)
    Issue (Month): 6 (June)
    Pages: 118-182

    as in new window
    Handle: RePEc:dec:articl:2004-09:118-182

    Contact details of provider:
    Web page: http://www.aeca.es/
    More information through EDIRC

    Related research

    Keywords: Historia contabilidad bancaria; Banco de España; Balances y principios contables; siglo XIX. Banking accounting history; Bank of Spain; Balances and accounting principles; 19th century.;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:dec:articl:2004-09:118-182. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Izaga García, Juan).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.