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 ›
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 ›
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 ›
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 ›
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