I am intrigued by the modifications that Chinese Accountants made to the Soviet accounting system under Chairman Zedong as part of the “Cultural Revolution.” The modifications they had made included recording the revenues sources of different Economic Organizations and where… Read More ›
Embark on a thrilling treasure hunt for financial freedom in the investment world. Explore the Wild West of cryptocurrency’s high risk and reward, and the steady ship of traditional stocks. Diversify for safety, embrace smart strategies, and look to the… Read More ›
Plans are already afoot on compiling as much information as possible from the Bookkeeping Certification courses. I was able to figure out how Kapital is used to create actual goods and services and how they were gained from transactional sales…. Read More ›
After writing those three new Entries for Section One of Work-Standard Accounting Practices, I decided to take a break and start reading through the academic literature I found while researching for both the Second Edition and my Bookkeeping Certificate coursework…. Read More ›
As established in the preceding Entries, the Kapital and Schuld tracked by Accountants and Bookkeepers in Double-Entry Account Bookkeeping have substantiated existences. There is Kapital being earned and spent as well as Schuld being incurred and reduced over the course… Read More ›
There should no longer be any doubts about plans for the Second Edition of Work-Standard Accounting Practices. I just finished two Entries yesterday. For today and tomorrow, I am going to work on a few more Entries in hopes of… Read More ›
The transactional sales that occur under Double-Entry Account Bookkeeping will always include documentation for those affected by the movement of Kapital and Schuld. Returning to the example established in the preceding Entry, suppose there was a contextual event that prompted… Read More ›
The simple mathematical equation associated with Double-Entry Account Bookkeeping is designed to allow an Accountant and their assistant, a “Bookkeeper,” to create documents describing the movements of Kapital and Schuld between different entities. The Bookkeeper compiles the documentation for the… Read More ›
For the purposes of the proposed plans to write the Second Edition of Work-Standard Accounting Practices, I will be writing a few Entries today and over the weekend. I am thinking about relaying the information from the certification course first… Read More ›
After making some serious progress in the coursework of the Bookkeeping certification program, I was able to record and process my past observations based on what I had learned. It has already been established in Work-Standard Accounting Practices (1st Ed.)… Read More ›
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