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 ›
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 ›
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 ›
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 ›
In Double-Entry Account Bookkeeping, the most fundamental equation used to form the basis of all accounting and econometrics under Neoliberalism involves basic addition and subtraction. Practically anyone with a basic primary school education should be able to comprehend the following:… Read More ›
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 ›
“But this again is a fundamental importance. It is one thing to draw out fantastic plans for building Socialism through all sorts of workers associations, and quite another to learn to build Socialism in practice in such a way that… Read More ›
Those who have read The Work-Standard (2nd Ed.) and The Third Place (1st Ed.) will recall my discussions of the birthrate, which I referred to as a simple ratio between “cradles and coffins.” There is an entirely different way of… Read More ›
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