After completing the first week of a four-week certification program, I am confident in saying that Work-Standard Accounting Practices (1st Ed.) could use a Second Edition sometime this year. Although a lot of the information covered in the Treatise is also featured in the certification program, I realized that a great emphasis on mathematics is needed to improve the value of its content. This brings me to an important conclusion: which of the Treatise’s three Sections need improvements?
It is obvious to me that Section Three, which delves into the Work-Standard’s accounting methodology, does not need the improvements as much as Section One. Meanwhile, Section Two was meant to be written in the manner that it was because I was simply unimpressed with the sheer absence of any genuine opposition to Neoliberalism from within the Accounting Profession. I mean, the Soviet Union decided to adopt Liberal Capitalist accounting methods as part of Perestroika, whereas the German Reich did little to innovate. And the Marxist-Leninist, Environmentalist, and Feminist critiques of Double-Entry Account Bookkeeping are just critiques. Again, it has to be Section One which requires the improvements to its Entries.
Section One covered the Liberal Capitalist conception accounting, beginning with a basic rundown on Double-Entry Account Bookkeeping. I am certain that some of its Entries could use some expanded information and mathematical equations to demonstrate how and why Double-Entry Account Bookkeeping functions in the manner that it does.
Consider the example of the following diagram:
In Double-Entry Account Bookkeeping, the Assets and Expenses have increasing Debits and decreasing Credits. It is the inverse for Liabilities, Revenues, and Equity. The purpose is to record the movements of Kapital and Schuld between different persons, groups, economic organizations, and so forth.
The Work-Standard version, Command-Obedience Account Bookkeeping, involves finding the combined values of all Arbeit and Geld created by a Nation’s State, Totality and Self. The Totality and Self create Arbeit to be converted into Geld, which is then allocated back to them by the State. The distinctions are always made self-evidence because, unlike Kapital and Schuld, we actually do need to know where and how somebody created Arbeit and how much they should receive in Geld. It accounts for why, in The Third Place (1st Ed.), there is an emphasis on the need to organize economic life according to specified Domains. One of the purposes of the Domains was to provide reliable means of finding and recognizing authentic sources of Actual Arbeit for Actual Geld and vice versa.
This is not to say that the certification course has invalidated my conclusions from the First Edition of Work-Standard Accounting Practices. On the contrary, it actually set a precedent for me to consider writing a Second Edition that would further flesh out the Entries of that Treatise’s Section One. With the expanded information, it would help immensely in demonstrating mathematically concepts and ideas that could not otherwise have been done in The Work-Standard (3rd Ed.), The Third Place (1st Ed.), or The Digital Realm (1st Ed.). If I do plan on writing the Second Edition, I will need to make an announcement in a future post. Given that the certification course runs the entirety of April, I am thinking about working on the Second Edition once everything is finished, which should be the beginning of May.
Categories: Work-Standard Accounting Practices
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