This chapter discusses the traveling and communication through the means of railroads. Railroad firms harness technologies to create the big, capital intensive businesses. Straight, level rails require ditches to be filled, passages cut, rivers bridged, and mountains tunneled, each mile, using 2,250 ties and 9,000 spikes, crossed land often devoid of natural resources. Rail networks absorbed armies of surveyors, graders, and track layers. The Union Pacific supervised thousands of Civil War veterans using a paramilitary management model, and Directors of the Union Pacific formed a separate company called Credit Mobilier to oversee construction activity. Mobilier allowed directors to siphon money granted by the federal government. Financial scandal aside, the railway represented an engineering triumph where Railroads needed outside long‐term financing. Depreciation, the consumption of long‐term assets used in production, represents a financial reporting problem because it is never clear when the wear and tear takes place. Such growth sparked the need for accounting's best‐known dialect, financial accounting.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Railroads


    Beteiligte:
    King, Thomas A. (Herausgeber:in)

    Erschienen in:

    Erscheinungsdatum :

    02.01.2012


    Format / Umfang :

    9 pages




    Medientyp :

    Aufsatz/Kapitel (Buch)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch




    Railroads

    Fiske, R.A. | Engineering Index Backfile | 1937


    Railroads

    Engineering Index Backfile | 1892


    Railroads

    Robinson, S.W. | Engineering Index Backfile | 1882


    Railroads

    James, J.C. | Engineering Index Backfile


    Railroads

    Engineering Index Backfile | 1894