Hopedale community and CoCoA

There have been numerous publications providing historical support for Professor Ray Chambers\u27 proposed means of asset valuation : CoCoA (Continuously Contemporary Accounting). Wells and Dean [1982] compiled an anthology of writings from the Twentieth Century and some earlier works, which advocate the adoption of selling price valuations. Chambers and Wolnizer {1991} provide evidence that during the early Nineteenth Century in the United Kingdom, selling prices were considered paramount to providing a true and correct view of financial affairs. In addition, several publications have provided a historical view of accounting methods utilized by religious communes. Faircloth\u27s article about the importance of accounting to the Shakers {1988} and the expose by Flesher and Flesher on the managerial accounting of the Rappites {1979} are examples. This note shall attempt to connect these two areas of research by directing attention to the valuation methods adopted by the Hopedale Community