As established in the preceding Entries, the Kapital and Schuld tracked by Accountants and Bookkeepers in Double-Entry Account Bookkeeping have substantiated existences. There is Kapital being earned and spent as well as Schuld being incurred and reduced over the course… Read More ›
The transactional sales that occur under Double-Entry Account Bookkeeping will always include documentation for those affected by the movement of Kapital and Schuld. Returning to the example established in the preceding Entry, suppose there was a contextual event that prompted… Read More ›
The simple mathematical equation associated with Double-Entry Account Bookkeeping is designed to allow an Accountant and their assistant, a “Bookkeeper,” to create documents describing the movements of Kapital and Schuld between different entities. The Bookkeeper compiles the documentation for the… Read More ›
After making some serious progress in the coursework of the Bookkeeping certification program, I was able to record and process my past observations based on what I had learned. It has already been established in Work-Standard Accounting Practices (1st Ed.)… Read More ›
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… Read More ›
Thanks to those revamped and improved accounting practices for the Work-Standard, I am now able to make more well-informed economic decisions. The streamlined methods, not to mention rectifying some pesky accounting errors, enable any qualitative analysis of Arbeit and Geld… Read More ›
Who Audits Auditors, if not Accountants? Everyone in the Western world and elsewhere knows that the Liberal Capitalist have been espousing their versions of “freedom” and their “democracy” since 1945. What everyone should realize is that there is no single… Read More ›
Since Production for Dasein relies on Command-Obedience Account Bookkeeping and the Reciprocal-Reserve Banking System, it should not be too unusual to expect Financial Reporting practices specifically catering to the Work-Standard. Accountants familiarized with the Worksheet of Sociable Accounts need to… Read More ›
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… Read More ›
Typically, when Arbeit is contributed to the Life-Energy Reserve, they are instantly converted to Geld by the Central Bank. This Geld goes straight to the “State Budget” of the Council State. From there, the Council State will then be able… Read More ›
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