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 ›
I had enough spare time in my schedule to finish two Entries for Work-Standard Accounting Practices. All that remains at the moment is the Final Entry from Section Three and the Conclusion Entry. I am just beginning to figure out… 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 ›
Is it tenable to envisage the adoption of alternative accounting practices in non-Liberal Capitalist conceptions of world order? If one has already entertained a world order where nations adhering to Scientific and Artistic Socialism (Marxist and non-Marxist respectively) coexist, is… Read More ›
Much like the concept of a national educational system, contemporary understandings of the Accounting Profession are a byproduct of the two World Wars and the Great Depression. The Accounting Profession found itself pressed to assist in the allocations of their… Read More ›
It would be very interesting to encounter a Marxist-Leninist accountant somewhere who could prepare tax statements and financial reports, them use them to provide a financial analysis of the Class Struggle for Marxist Theory. But then again, I still am… Read More ›
The Council State relies on two sets of financial indicators based on data in the Worksheet of Sociable Accounts (WSA). Both sets of financial indicators are governed by WSA’s Domestic Accounts and Foreign Accounts. It pertains to areas of economic… Read More ›
The financial data intended for the Chart of Accounts (CoA) is oftentimes drawn from the financial reports compiled by accountants and vetted by the auditors. The concept of financial reporting becomes dependent on whether the Accounting Profession is focusing on… Read More ›
The conduct of Mission-Type Economic Planning (MTEP) requires economic and financial indicators that Central Planners will need from Economic Planners and their retinue of Accountants. While the Council State will be able to compile its own data for the State… Read More ›
Continuing with the TPP equation, we now direct our attention to the SI-EF Account, which governs the financial activities coexisting alongside the economic activities of the LER Account. Compared to what was described previously in The Work-Standard (2nd Ed.), some… Read More ›
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