All of the information obtained from a country’s System of National Accounts (SNA) is then used for three economic indicators of Profit and Utility maximization. Each of the three economic indicators relies on their own formulas and equations. One provides… Read More ›
Fractional-Reserve Banking
Work-Standard Accounting Practices: Feminist Critiques of Double-Entry Account Bookkeeping
Compared to the various ideologies studied here and the two preceding Treatises, Feminism has undergone rapid transformations throughout its history. The State of Total Mobilization itself has given women more opportunities to exercise Legal Duties and Legal Rights than that… Read More ›
Work-Standard Accounting Practices: Environmentalist Critiques of Double-Entry Account Bookkeeping
Environmentalism as an ideology is concerned about humanity’s relationship with nature in the State of Total Mobilization. The State of Total Mobilization itself may have concurred with the development of large cities and manufacturing zones, but it has not completely… 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 ›
Work-Standard Accounting Practices: “Fiduciary Fund”
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 ›
Work-Standard Accounting Practices: The Modified Accrual Method
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 ›
Work-Standard Account Practices: The Cash and Accrual Methods
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 ›
Update (2 February 2023)
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 ›
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 ›
Finalizing the Table of Contents
The Table of Contents for Work-Standard Accounting Practices (1st Ed.) is completed, at least in the areas that matter most. I had to reduce the number of Sections in the Treatise further to three due to the apparent lack of… Read More ›
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