Continuing with the TPP equation, we now direct our attention to the SI-EF Account, which governs the financial activities coexisting alongside the economic activities of the LER Account. Compared to what was described previously in The Work-Standard (2nd Ed.), some important revisions were made to eliminate the instances in which a well-known accounting error, “Double Counting,” occurred for this account. That was an unavoidable consequence of trying to create a mock draft of what would later be described in this Section of Work-Standard Accounting Practices as the “Worksheet of Sociable Accounts (WSA).”
Now, the SI-EF Account records the creations of Arbeit and Geld from NSFIs and Interest-free Work-Tenures owned by authorized personnel and economic organizations upon meeting the prerequisite Social Ranks. The SI-EF Account may be split into an “SI Account” for domestic transactions and an “EF Account” for foreign transactions. The former includes all known State Investments and State Taxes, the latter featuring the People’s Surcharges included in all transactional sales for foreign goods and services.
The most notable difference is that there are now two “NSB” variables to denote the Geld allocated to domestic and foreign Work-Tenures. This is because accountants need to know how many units of currency from the Central Bank was allocated to Reciprocal-Reserve Banking transactions. The Arbeit that is to be gained from Work-Tenures remains with the rest of the NSFIs.
Compared to the TPP Account, the SI-EF Account only requires accountants to find the sum values of all NSFIs, Work-Tenures, State Investments and Taxes, and People’s Surcharges. The standard rules of Arbeit-into-Geld and Geld-into-Arbeit in the LER Process still apply here, of course.
At this point, we have discovered the first set of accounts for the Worksheet of Sociable Accounts. If there are any Schuld, Costs, Expenditures, Expenses from the TPP, LER, and SI-EF Accounts, they are to be added to corresponding accounts for the State, Totality, and Self.
WSA, in addition to relaying information about the creations of Actual Arbeit and Actual Geld, features the following financial data:
- The Revenues gained from the conversions of Arbeit-into-Geld, transactional sales, NSFIs, Work-Tenures, People’s Surcharges, and State Investments and State Taxes. Drawings from lower-ranking economic organizations and additional Stipends to specific Professions are included.
- The Spending of the State, Totality, and the Self. It signifies the overall spending of Geld on anything not related to conversions of Arbeit-into-Geld.
- The Expenses of the State, Totality, and the Self. This one covers the expenditures of Geld that are required to create Arbeit.
- The sum values of all sources of Digital Arbeit and Digital Geld, Military Arbeit and Military Geld, and “Official State Functions (OSF).” OSF is the Arbeit and Geld that the Council State receives from running and operating special governmental facilities such as the penitentiary system, embassies, railways, highways, mass transportation, the rendering of basic essentials (like water, sanitation, electricity, energy), construction and infrastructure, land conservation, and the operational and administrative functions of the National Intranet. Arbeit and Geld conversions rules also apply here.
- The Arbeit and Geld acquired from transactional sales, distribution and delivery of Equipmentalities and finished products within production processes. Known costs incurred on all production processes will also be included.
- Transactional sales of items related to the Totality’s National Culture and National Technologies, issuances of assorted Licenses, and RTAs. Any Arbeit that comes from contributing to the National Culture is related to the VCS Economy’s Information Sector, whereas the Arbeit from contributing to National Technologies falls under the Council State.
- National spending on Foreign Culture, Foreign Technologies, scientific research, maintaining the Mechanization Rate (MR), and RTAs (any Arbeit and Geld allocated to Foreigners and Foreign Enterprises). Anything received from other nations as Foreign Aid or given to them as Development Aid.
- Net Foreignization as the sum of Arbeit and Geld created by Foreigners and Foreign Enterprises and Arbeit and Geld that belongs to Foreigners and Foreign Enterprises.
- Sociable Foreign Currency Reserves (SFR) and Non-Sociable Currencies from Socialist (KDM) and non-Socialist nations (KBM).
I will explore the WSA later in this Section to discuss about the Work-Standard’s Economic and Financial Indicators. For now, it is necessary to account for Digital Arbeit and Digital Geld, as they can only be created in the LERE Process. Unlike Military Arbeit and Military Geld, which only the Council State is capable of creating, the rest of the Totality is capable of creating Digital Arbeit and Digital Geld on top of their concurring creations of Actual Arbeit and Actual Geld.
The LERE Process was also tweaked to address past accounting errors in their original conception from The Work-Standard (2nd Ed.). The LERE Process is very similar to the LER Process. If one knows how the LER Process operates, one should be able to intuit how the LERE Process works.
Categories: Work-Standard Accounting Practices
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