Who Audits Auditors, if not Accountants? Everyone in the Western world and elsewhere knows that the Liberal Capitalist have been espousing their versions of “freedom” and their “democracy” since 1945. What everyone should realize is that there is no single… Read More ›
Since Production for Dasein relies on Command-Obedience Account Bookkeeping and the Reciprocal-Reserve Banking System, it should not be too unusual to expect Financial Reporting practices specifically catering to the Work-Standard. Accountants familiarized with the Worksheet of Sociable Accounts need to… 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… Read More ›
I had enough spare time in my schedule to finish two Entries for Work-Standard Accounting Practices. All that remains at the moment is the Final Entry from Section Three and the Conclusion Entry. I am just beginning to figure out… Read More ›
The financial data intended for the Chart of Accounts (CoA) is oftentimes drawn from the financial reports compiled by accountants and vetted by the auditors. The concept of financial reporting becomes dependent on whether the Accounting Profession is focusing on… Read More ›
The conduct of Mission-Type Economic Planning (MTEP) requires economic and financial indicators that Central Planners will need from Economic Planners and their retinue of Accountants. While the Council State will be able to compile its own data for the State… Read More ›
Continuing with the TPP equation, we now direct our attention to the SI-EF Account, which governs the financial activities coexisting alongside the economic activities of the LER Account. Compared to what was described previously in The Work-Standard (2nd Ed.), some… Read More ›
Two years ago, the last Section of The Work-Standard (2nd Ed.) included an accounting table that could serve as the Work-Standard’s equivalent to the System of National Accounts (SNA). That accounting table proved to be too disorganized and ill-suited for… Read More ›
With the TPP Account uncovered, the next step is to find the LER Account, which is represented by the sum of RTEP (Real Total Economic Potential) and RTFP (Real Total Financial Potential). RTEP is TEP (Total Economic Potential) and RTEP… Read More ›
“Command-Obedience Account Bookkeeping” refers to the reapplication of the Work-Standard’s Intents of Command and Obedience to the Accounting Profession. Its purpose is to develop a reliable alternative to the Double-Entry Account Bookkeeping System, capable of acquiring financial data on the… Read More ›
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