With the TPP Account uncovered, the next step is to find the LER Account, which is represented by the sum of RTEP (Real Total Economic Potential) and RTFP (Real Total Financial Potential). RTEP is TEP (Total Economic Potential) and RTEP… Read More ›
ARPLAN
Postmodernity and Rise of Social Communions
Yesterday’s latest Entry of Work-Standard Accounting Practices, “Managerial Cost Accounting,” showcased two accounting methods associated with Eugen Schmalenbach. Schmalenbach was a well-known German economist within German academia who is unknown nowadays, even though his contributions to accounting had gone on… Read More ›
Work-Standard Accounting Practices: Managerial Cost Accounting
Many of the economic and financial indicators that Neoliberalism still employs in the early 21st century were developed throughout the early 20th century. The Great Depression and two World Wars, of which the Cold War was the extension of the… Read More ›
Work-Standard Account Practices: Marxist Critiques of Double-Entry Account Bookkeeping
Compared to the previous two Entries that focused on Environmentalism and Feminism, Marxist Theory posited its own criticisms of Double-Entry Account Bookkeeping that differed from the other two ideologies. While Environmentalism is divided over Kapital and Feminism has somewhat conformed… Read More ›
Work-Standard Accounting Practices: Material Product System (MPS)
The Soviets were already employing their own accounting system to measure economic performance well before the Liberal Capitalists adopted theirs at the United Nations during the 1950s. The Material Product System (MPS) was designed to provide an accounting system catering… Read More ›
Work-Standard Accounting Practices: The True Meaning of True Value
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 ›
Fundamentals of Double-Entry Account Bookkeeping (Pt. III of III)
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: Fundamentals of Double-Entry Account Bookkeeping (Pt. II of III)
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 ›
Work-Standard Accounting Practices: Is Accounting an Artform?
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 ›
New Additions to the Digital Library
onsider this post a website-related notification. As of this writing, I finished the latest addition to the Digital Library and rearranged the website menu bar to accommodate a few changes. Clicking on “Digital Library” will access the “Digital Library I”… Read More ›
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