Author Archives

• Work-Standard Accounting Practices: Economic Indicators of Profit and Utility Maximization

  By Duty and Honor on February 4, 2023 • ( 0 )

  

  All of the information obtained from a country’s System of National Accounts (SNA) is then used for three economic indicators of Profit and Utility maximization. Each of the three economic indicators relies on their own formulas and equations. One provides… Read More ›

• Update (4 February 2023)

  By Duty and Honor on February 4, 2023 • ( 0 )

  There is another post scheduled to go live in the thirty minutes after this Update is posted. I am planning to see if I get at least one, two, or three additional Entries done over the weekend. If it appears… Read More ›

• Fundamentals of Double-Entry Account Bookkeeping (Pt. III of III)

  By Duty and Honor on February 3, 2023 • ( 0 )

  

  The System of National Accounts (SNA) may seem overwhelming for anyone who is just beginning to comprehend how the Double-Entry Account Bookkeeping System. It is already a daunting task on its own to determine the Quantities of Kapital and Schuld… Read More ›

• Work-Standard Accounting Practices: The True Meaning of True Value

  By Duty and Honor on February 3, 2023 • ( 1 )

  

  The accounting practices employed by the Work-Standard are designed solely for the Work-Standard. They cannot be reapplied to Kapital and Schuld or any other known conception of Currency. Such accounting practices need to be readily adopted by trained accountants to… Read More ›

• Update (3 February 2023)

  By Duty and Honor on February 3, 2023 • ( 0 )

  I am currently halfway through Section One of Work-Standard Accounting Practices (1st Ed.). The sooner I finish Section One, the sooner I can get started for the real bulk of the Treatise in Section Three. Apart from cleaning up the… Read More ›

• Work-Standard Accounting Practices: “Parliament Fund”

  By Duty and Honor on February 2, 2023 • ( 0 )

  

  The “Parliament Fund” refers to the Kapital earned from Revenues and are required by Parliament to function and govern Civil Society, hence its name. The Parliament Fund is where the rest of the Kapital in the Parliamentary Budget goes if… Read More ›

• Work-Standard Accounting Practices: “Fiduciary Fund”

  By Duty and Honor on February 2, 2023 • ( 0 )

  

  The “Fiduciary Fund” is comprised of Kapital earned from Revenues and intended for the personnel of government organizations acting on behalf of Parliament. If the Proprietary Fund is intended for the economic activities of government organization and any privatized commercial… Read More ›

• Work-Standard Accounting Practices: “Proprietary Fund”

  By Duty and Honor on February 2, 2023 • ( 0 )

  

  The “Proprietary Fund” is considered one among the various examples in which Production for Profit and Production for Utility are closely intertwined. On paper, it resembles a Fund related to the so-called “Public Sector” (Read: Production for Utility). In actual… Read More ›

• Work-Standard Accounting Practices: The Parliamentary Budget

  By Duty and Honor on February 2, 2023 • ( 0 )

  

  The Parliamentary Budget (not to be mistaken by the Work-Standard “State Budget”) operates within the shared Neoliberal paradigm of Production for Profit and Production for Utility. The Parliamentary Budget not only refers to the Quantity of Kapital that a Parliament… Read More ›

• Work-Standard Accounting Practices: The Modified Accrual Method

  By Duty and Honor on February 2, 2023 • ( 1 )

  

  Economic organizations operating in Production for Utility may record their economic activities with the “Modified Accrual Method.” The Modified Accrual Method is a combination of the two aforementioned accounting techniques discussed in the previous Entry, the Cash-Basis Method and the… Read More ›