Last night, I decided to go over the financial statements I designed for Section Three of Work-Standard Accounting Practices. I ran a few tests to lay the preliminary foundations on how to track the movements of existing Actual Geld whilst… Read More ›
Work-Standard
Work-Standard Accounting Practices: Maoist Funds Balance Sheet
As established earlier in a preceding Entry, the Soviet Union’s accounting system was designed to accommodate the Economic Planners. The methodology enabled Enterprises to maintain and create records in support of Soviet-Type Economic Planning (STEP). It came into being between… Read More ›
Update (17 April 2024)
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 ›
IMF: “Russia to grow faster than all advanced economies” | BBC News
The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany. Oil exports have “held steady” and government spending has “remained high” contributing to growth, the IMF said. Overall, it said… Read More ›
Smart Investments: Cryptocurrency vs. Traditional Stocks!
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 ›
AI’s Answers to Politics
Aldous Huxley: “The propagandist’s purpose is to make one set of people forget that certain other sets of people are human.” This quote shows the power words have to divide societies and breed prejudice. Think politics, religion, racism, sexism, war…… Read More ›
Identity Politics In Italy
Observations from Italy, 2018. Here in Italy’s South Tirol, there are no great political convictions, only the constant complaint against whoever is in power. I often image that if Mussolini’s ghost won the next election, the attitude would be the… Read More ›
Update (15 April 2024)
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 ›
Update (14 April 2024)
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 ›
Work-Standard Accounting Practices: Accounts Uncollectible and Contra Accounts
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 ›
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