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Based mostly in 1083, Durham Cathedral Priory was heir to the seventh century group of St Cuthbert and a most important and wealthy ecclesiastical institution all via the the relaxation of the medieval interval until the dissolution of the monasteries beneath Henry VIII.
This detailed analysis analyses the use of accounting in the administration of the house and the exploitation of its in depth belongings. Durham Cathedral Priory's existence spanned nearly 460 years between the late eleventh century and the dissolution of the monasteries in the reign of Henry VIII. A wealthy institution endowed with in depth estates, it expert a amount of exterior shocks along with the outcomes of battle, plague and local climate change.
This analysis makes use of the rich archives which survive at Durham Cathedral to look at the technique in which accounting methods and methods have been adopted and tailor-made to deal with income and payments, belongings and liabilities in altering monetary environments. Accounting pervaded the actions of the house: the bursars accounted for lots of of kilos of annual income and payments; totally different officers accounted for specific individual loaves of bread from the a entire lot of lots of produced and consumed yearly. Accounting was important to defend the rights of St Cuthbert, Durham Cathedral's Priory's patron saint, and to justify the technique in which the monks carried out the good selection of actions undertaken by a important Benedictine house in the later Middle Ages.
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