Author(s)

Changqing Liu, Haili Yuan

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Studies on Italian Double-entry Bookkeeping Thought (IDBT) evolution are seldom found in such aspects as accounts with persons (AP), accounts with goods (AG), and accounts equilibria (AE), etc., so we studied IDBT evolution in the aspects stated above and the principal factors for IDBT evolution, including their selection, contribution and sequence in this thesis. By our analysis, IDBT evolved in such aspects as accounts with persons (AP), accounts with goods (AG), loss and net income accounts (LNIA), capital accounts (AC) and accounts equilibria (AE), etc., and ripened in the period of 1430-1482. Principal factors affecting IDBT evolution can be ordered by contribution as follows: social conditions (SCS3) and relationships between supply and demand of accounting thought (RBSDAT2). And our related advice is as follows: governments should adopt appropriate policy, and help to build proper social conditions and strengthen the relationships between supply and demand of accounting thought to promote the evolution of accounting thought. Especially as to social conditions, IDBT evolution is mainly owing to external causes from the outside of Italy. Once the outside motive disappeared, IDBT would lose the strong power of evolution and slow down its pace. So governments should place more emphases on building proper social conditions by encouraging internal powers from the inside of Italy.

IDBT Evolution, Principal Factors, Contribution, Sequence

C. Liu and H. Yuan, "Principal Factors Affecting IDBT Evolution," Journal of Service Science and Management, Vol. 4 No. 4, 2011, pp. 445-452. doi: 10.4236/jssm.2011.44050.