Typically, when Arbeit is contributed to the Life-Energy Reserve, they are instantly converted to Geld by the Central Bank. This Geld goes straight to the “State Budget” of the Council State. From there, the Council State will then be able… Read More ›
Is it tenable to envisage the adoption of alternative accounting practices in non-Liberal Capitalist conceptions of world order? If one has already entertained a world order where nations adhering to Scientific and Artistic Socialism (Marxist and non-Marxist respectively) coexist, is… Read More ›
The Council State relies on two sets of financial indicators based on data in the Worksheet of Sociable Accounts (WSA). Both sets of financial indicators are governed by WSA’s Domestic Accounts and Foreign Accounts. It pertains to areas of economic… 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 ›
The Soviets were already employing their own accounting system to measure economic performance well before the Liberal Capitalists adopted theirs at the United Nations during the 1950s. The Material Product System (MPS) was designed to provide an accounting system catering… 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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