This study of the original accounting records of a pioneering American industrial enterprise narrows by one half the time lag between the earliest known English and American applications of industrial cost accounting. The research indicates that the precursors of the costing systems now considered essential tools of management were in use virtually from the beginning of large scale industry in America.
Porter, David M.
"Waltham system and early American textile cost accounting 1813-1848,"
Accounting Historians Journal: Vol. 7
, Article 1.
Available at: https://egrove.olemiss.edu/aah_journal/vol7/iss1/1