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 ›
I am currently halfway through Section One of Work-Standard Accounting Practices (1st Ed.). The sooner I finish Section One, the sooner I can get started for the real bulk of the Treatise in Section Three. Apart from cleaning up the… Read More ›
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 ›
There is a new post scheduled to go live thirty minutes after this one is published on the Blog. I chose an easier Entry just so I can get it out of the way. I am hoping to complete nearly… Read More ›
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