Finance
Revision (5 May 2024)
Last year, back in October 2023, my old PC hard drive died on me. That PC has been with me for the past thirteen years. Now that I am writing on a replacement PC, it pains me to know that… Read More ›
Update (5 May 2024)
Completion of the new Entries for Work-Standard Accounting Practices (2nd Ed.) is proceeding ahead of schedule. All that remains is for me to consolidate everything that conveyed in the original Entries from Section Three of the First Edition and the… Read More ›
Work-Standard Accounting Practices: Inventories and Accounts Receivable/Payable Revisited
Even in Production for Dasein, where the Work-Standard is employed and its performance documented under Command-Obedience Account Bookkeeping, the concepts of Inventories and Accounts Receivable/Payable will continue to exist in name only. Rather than recording the movements of Kapital and… Read More ›
Work-Standard Accounting Practices: Accounts Reconcilable/Transvaluable
Practical applications of Mission-Type Economic Planning (MTEP) will include the possibility for the economic activities of Enterprises to experience a Transvaluation of All Arbeit (TIA). The TIA must be issued as a majority consensus within the affected Enterprises. The Self… Read More ›
Update (4 May 2024)
Given the two Entries I finished yesterday, it is only inevitable that the next two Entries should be about the other Accounts employed in Command-Obedience Account Bookkeeping. Doing so will allow me to spend the two Entries demonstrating how to… Read More ›
Work-Standard Accounting Practices: Trial Balances in Command-Obedience Account Bookkeeping
In a functioning Council Democracy, periodic changes to the Quality of Arbeit (QW) and the Quality of Geld (QM), which we had discussed previously as the “Arbeit Contributable” and “Geld Convertible” are to be expected. It is possible for the… Read More ›
Work-Standard Accounting Practices: Statement of Self-Reciprocation and X-Chart
The “Accounting Cycle,” as stipulated in The Work-Standard (3rd Ed.) and The Third Place (1st Ed.), is assumed to correspond to a predetermined Fiscal Year. In those Treatises, the general idea is that, at end of a given workweek, an… Read More ›
Work-Standard Accounting Practices: Conclusion: The Democratization and Digitalization of Bookkeeping
The Accounting Profession will no doubt continue to exist under the Work-Standard, albeit under a different set of circumstances. That was the original conclusion presented at the end of the First Edition of Work-Standard Accounting Practices. It continues to remain… Read More ›
Update (2 May 2024)
Alright, now that I got the two Accounting Techniques taken care of, the next two Entries at the moment are the Trial Balances (which are tied to the illusive Convertibility Rate that never got used enough up until recently). Discussions… Read More ›
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