Spirited accountants: The rise of the Distillers Company

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Little has been written about the role of accounting in the development of the Scotch whisky industry to the ubiquitous presence it has today. This chapter shows how the oversight of the tax authorities contributed to the industry becoming a highly calculative environment. It also shows how accounting was used ruthlessly by the industry players, sometimes fraudulently, to gain advantage in a heated business environment. The tensions created by alternate accounting treatments then repeatedly prevented formation of an industry monopoly, until the head of DCL broke the deadlock and allowed the formation of the world’s largest alcoholic drinks company.

Original languageEnglish
Title of host publicationAccounting for Alcohol
Subtitle of host publicationAn Accounting History of Brewing, Distilling and Viniculture
EditorsMartin Quinn, Joao Oliveira
PublisherRoutledge
Pages174-186
Number of pages13
ISBN (Electronic)9781351734226
ISBN (Print)9781138737334
DOIs
Publication statusPublished - 2018

Keywords

  • raw materials
  • Scotch whisky industry
  • double entry accounting system
  • cooperative wineries
  • ERP system

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  • Cite this

    Jackson, W. J., Paterson, A. S., & Jubb, D. (2018). Spirited accountants: The rise of the Distillers Company. In M. Quinn, & J. Oliveira (Eds.), Accounting for Alcohol: An Accounting History of Brewing, Distilling and Viniculture (pp. 174-186). Routledge. https://doi.org/10.4324/9781315185477