The Life-Energization Basis Method (LEBM) Technique can perform two tasks under Command-Obedience Account Bookkeeping that are done in conjunction with Mission-Type Economic Planning (MTEP). The first and most obvious pertains to the Life-Energization Reciprocity (LER) Process, which is to record… Read More ›
Month: April 2024
Update (30 April 2024)
Going to try and get as much done for one of the Entries in Section Three. At the moment, I am thinking the Conclusion should be the next priority. If I need to reduce the number of Entries due to… Read More ›
Update (29 April 2024)
As I expected, I can probably finish the Second Edition by finishing three Entries each week. Out of the remaining Entries, I think elaborating further on LEBM, NSBM and Trial Balancing should be the next priority. The rest will fall… Read More ›
Work-Standard Accounting Practices: Primer on WSA Accounting Techniques
In “The Cash and Accrual Methods” and “The Modified Accrual Method” Entries from Section One, I discussed about the most prominent accounting techniques employed under Neoliberalism in both Production for Profit and Production for Utility. The Cash-Basis Method only provides information about how many Quantities… Read More ›
Work-Standard Accounting Practices: Receipts and Invoices in Command-Obedience Account Bookkeeping
Back in Section One, we discussed how Receipts and Invoices operate under Double-Entry Account Bookkeeping. In their simplest forms, Receipts and Invoices are documented recordings of Kapital moving across different accounts and Schuld accumulating in others. Receipts are created by… Read More ›
Update (28 April 2024)
I was able to complete Preface to the Second Edition of Work-Standard Accounting Practices and set up the new webpage for its Entries. There will be ten additional Entries for Section Three as well as a new Conclusion Entry exclusive… Read More ›
Work-Standard Accounting Practices: Preface to the Second Edition
“‘The history of Bookkeeping is the history of Civilizations.’” The political life of any Nation can also be discerned from the economic life or social life of that Nation. Political Science relies on mathematics to make quantitative analysis and to… Read More ›
Revision (27 April 2024)
Currently away from my PC at the moment for some important assignment outside of the Blog. Anyway, I have taken the time to make a mock draft of the webpage for the Second Edition of Work-Standard Accounting Practices. It’s far… Read More ›
Update (27 April 2024)
Now that I have completed the first of the Entries for Section of Work-Standard Accounting Practices (2nd Ed.), I should address the proposed that I jotted down on loose leaf paper over the course of the week. I am including… Read More ›
Work-Standard Accounting Practices: Key Accounting Assumptions and Principles of NSAP
A lot of what happens in Accounting and Bookkeeping is based on preconceived sets of “Assumptions” and “Principles.” These Assumptions and Principles merely inform the Accounting Profession on how to observe, record, process, and convey critical financial information to others… Read More ›
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