From a capital budget, an operating budget and a partnership agreement prepared almost 250 years ago in New France, a cash Budget and balance sheets are prepared to help in an analysis of the viability of the company. This investigation into the feasibility of the project discloses a quite sophisticated use of managerial accounting. The original partnership failed, but eventually the company became a successful venture.
Mann (1924-), Harvey
"Accounting for Les Forges de Saint-Maurice 1730-1736,"
Accounting Historians Journal: Vol. 6
, Article 6.
Available at: https://egrove.olemiss.edu/aah_journal/vol6/iss1/6