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 ›
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 ›
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 ›
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 ›
The National-Socialized Basis Method (NSBM) Technique represents the more sophisticated, comprehensive way of conducting Command-Obedience Account Bookkeeping in conjunction with applications of Mission-Type Economic Planning (MTEP). Unlike the Life-Energization Basis Method (LEBM) Technique discussed in the previous Entry, there is… Read More ›
Yesterday, I was able to articulate the LEBM Technique in much greater detail and clarity for the Second Edition of Work-Standard Accounting Practices than I did previously in the First Edition. Going by what I had written in that Entry,… Read More ›
The Life-Energization Basis Method (LEBM) Technique can perform two tasks under Command-Obedience Account Bookkeeping that are done in conjunction with Mission-Type Economic Planning (MTEP). The first and most obvious pertains to the Life-Energization Reciprocity (LER) Process, which is to record… Read More ›
As I expected, I can probably finish the Second Edition by finishing three Entries each week. Out of the remaining Entries, I think elaborating further on LEBM, NSBM and Trial Balancing should be the next priority. The rest will fall… Read More ›
In “The Cash and Accrual Methods” and “The Modified Accrual Method” Entries from Section One, I discussed about the most prominent accounting techniques employed under Neoliberalism in both Production for Profit and Production for Utility. The Cash-Basis Method only provides information about how many Quantities… Read More ›
Back in Section One, we discussed how Receipts and Invoices operate under Double-Entry Account Bookkeeping. In their simplest forms, Receipts and Invoices are documented recordings of Kapital moving across different accounts and Schuld accumulating in others. Receipts are created by… Read More ›
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