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 ›
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 ›
Economic organizations and Parliaments in Production for Profit or Production for Utility tend to rely on one of two accounting techniques. Those are the “Cash-Basis Accounting Method” and the “Full Accrual Accounting Method.” Both techniques are employed to determine the… Read More ›
Accountants familiar with Double-Entry Account Bookkeeping record the everyday transactions and activities of their assigned economic organization in a “Chart of Account (CoA).” In the financial ledger of an economic organization affiliated with Production for Profit and Production for Utility,… Read More ›
In Double-Entry Account Bookkeeping, the most fundamental equation used to form the basis of all accounting and econometrics under Neoliberalism involves basic addition and subtraction. Practically anyone with a basic primary school education should be able to comprehend the following:… Read More ›
Some might be surprised to discover that there is no real Science behind Accounting. It is in final analysis an Artform comparable to painting and sculpting. Unlike Political Science, the Social Sciences, or even the Natural Sciences like Physics, Chemistry… Read More ›
It’s official: I am now preparing to write the next major Treatise of The Fourth Estate. This is one given the apt title of Work-Standard Accounting Practices (1st Ed.), whose Entries have yet to be written. As of late, I… Read More ›
Technology is not the only way in which ideologies can manifest themselves. Even mathematics can serve as a convenient vehicle to convey an ideology. In Economics, one employs mathematics to study economic performance, create statistics modelling past and future prospects… Read More ›
Continuing with my review of the various formulas and equations I provided for the Work-Standard, I decided that some important improvements needed to be made in order to ensure greater accuracy and reliability of the accountant’s handiwork. I felt that… Read More ›
After spending what has now been a full year not devoting any new posts to the equations and accounting practices of the Work-Standard, I am convinced that a proper revisiting of its formulas and equations is in proper order. With… Read More ›
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