As demonstrated back in Part II and originally established in Part I, the Accountants and Economic Planners will only be applying COAB and either the LEBM or NSBM Techniques to complete their Enterprises’ WSAs within the conduct of MTEP. Financial Reporting in MTEP involves accounting for the various sources of Arbeit and Geld that any given Enterprise can be expected to gain over the course of an entire workweek. The Economic Planner will compile everything in their financial ledgers, deposit them at the State Banks and let the State Banks send them directly to the Central Bank. Alternatively, the Economic Planners of Digital Enterprises shall deposit their financial ledgers to the LERE Refineries by means of the Blockcycle Technology, the LERE Refineries relaying the required information to the Central Bank over the National Intranet. Whichever one happens to be the chosen method of depositing the financial ledger, the result will always be the same: Arbeit and Geld will be added toward the Life-Energy Reserve no later than the end of a workweek. Assuming the nation conducts its economic life on a forty-hour workweek, the financial ledgers are to be deposited before the end of Saturday.

With regard to the State Investments and NSFIs for the SI-EF Account, applying them in the National Intranet should be identical to how they would be conducted back in the Real World. The same is also true for any Work-Tenures that Digital Enterprises may have borrowed from the NSBs. The Kontore are expected to record the financial information and convey them to the State, Totality, and Self as they became available to report the overall financial well-being of the Investors and the Enterprises that are relying on them for Arbeit and Geld. When Digital Enterprises receive investments from Investors, they are essentially receiving Actual Arbeit and Actual Geld as opposed to Digital Arbeit and Digital Geld. The Explicit Intent of this is that the investments are occurring in the Real World as opposed to the Digital Realm and because the LERE Process affects direct human interactions with machinery not impacted by the Mechanization Rate (MR).

The real challenge for Accountants and Economic Planners is how to apply COAB and WSA on the National Intranet as part of a Real Trade Agreement (RTA). Under the terms of an RTA, a signatory nation is eligible to receive Actual Arbeit and Actual Geld, Digital Arbeit and Digital Geld, or Military Arbeit and Military Geld. The Council State could set arrangements for one of those three pairs of Arbeit and Geld, in addition to making reservations on how much Arbeit and Geld its nation could receive from the RTA.  

In an RTA, the Council State could focus more on gaining Geld or on gaining Arbeit. Here, the Quality of Arbeit (QW) does play a role in how much the Council State could expect to receive from exporting or exporting from other nations. A superior QW could allow the Council State to import more at a lower Price at the cost of making exports more expensive. Conversely, an inferior QW will enable the Council State to export more cheaply at the cost of spending more Geld to import anything that is needed by the Totality.

It has been implied in earlier Treatises that the Quality of Arbeit within the context of an RTA corresponds to the production processes associated with the RTA as opposed to the VCS Economy. This means that the production processes responsible for exporting or importing products, services, currency and media will be impacted by the costs of exportation or importation. As noted in the above diagram, there are about four different sources of Arbeit from RTAs:

• The production processes of the exporting or importing Enterprise.
• The transportation and delivery of the exports or imports.
• The distribution of the exports and imports.
• The successful sale to a Tournament.

Apart from the conversion of Arbeit into Geld, the only other source of Geld in an RTA is from transactional sales to a Tournament or any taxes that the Council State may have levied on international trade. Tariffs will no doubt continue to exist under the Work-Standard, but it will also be accompanied by more appropriate alternatives that take full advantage of what the Work-Standard has to offer for Protectionist or Autarkic policies. Since the Council State is the highest authority on matters of international trade, any Arbeit and Geld from RTAs go straight to the Life-Energy Reserve and immediately toward the State Budget.

How would the Accountants and Economic Planners account for the Arbeit and Geld from the RTAs? In Work-Standard Accounting Practices (1st Ed.), international trade was shown as being very straightforward to the extent that the Qualities of Arbeit and Geld for RTAs are equal to how much Arbeit and Geld was gained from production processes, transportation and deliveries, distribution and sale to the Tournaments, the transactional sales themselves, and any taxes on international trade. These sources of Arbeit and Geld should also account for the amounts of Expenses, Schuld and Service Fees that will no doubt be accrued from an RTA.

With Digital Arbeit and Digital Geld, because they are created in the LERE Process, they would not be accounted here as part of the State Foreignization Investments (SFIs). The idea is that Qualities of Arbeit and Geld for the SSE, VCS Economy, Reciprocal-Reserve Banking System, Council State and International Trade would all be accounted for at the macro level as the Real Total Economic Potential (RTEP) and the Real Total Financial Potential (RTFP). The Digital Arbeit and Digital Geld, as EDW and EDM, would then be added toward the RTEP and RTFP values respectively. This in turn deters any potential accounting errors that may arise from accidentally adding Digital Arbeit and Digital Geld toward the SI-EF Account, when they should be found in the LER Account.

To ensure that there would be no discrepancies, Economic Planners and their Accountants at Digital Enterprises are expected to record the values of Digital Arbeit and Digital Geld in the Communion Account before adding them toward the RTEP and RTFP values under the LER Account of the State Account. Anyone who knows the values of EDW and EDM should be able to immediately subtract them from RTEP and RTFP values. They should also be able to add the WAF and MAF toward the OSF (Official State Functions) under the SI-EF Account of the State Account insofar as the Military-Industrial Complex is technically governed by the Council State as opposed to the SSE or the VCS Economy.

That being said, the Domestic and Foreign Accounts of the WSA are to only be filled by the Council State as the information covered therein fall under the auspices of the Council State. The Council State must provide the information in those two Accounts at the behest of the Central Bank. Once the State, Communion, Social, and Household Accounts have been accounted for, the Central Bank can then find the TPP value and set the RPF value based on that information.

Categories: Digital Realm

Tags: Accounting, Digital Realm, Economics, Finance, National Intranet, Philosophy, Politics, Psychology, Socialist Finance, Third Place, Work-Standard, Work-Standard Accounting Practices