Large-scale Organizations
Large organizations began to grow during the industrial revolution and the railway industry was a significant part of this growth. The railway construction between 1830 and 1875 produced more than 70% of England's final route mileage (Parker, 1986 p.5). This industry had great economic benefits for accounting. With these larger organizations growing, accountants were needed even more to keep track of the financial situation of these businesses. Clients had more investments and assets to maintain, which made the accountants have higher quality standards. "The big railway companies were pioneers in corporate management at a time when most manufacturing companies were still family firms" (Parker, 1986 p.6). This move from family business to corporate business was a great way for businesses to increase their investment and growth potential by acquiring more cash into the business. The corporate world has always needed accountants to evaluate and manage the business on its activities. Corporations have continually been a huge employer to the accounting profession. Large organizations and corporations must have accountants to survive in the competitive world of business.