transactionworld.blogspot.com
Transactions: 1. The Transaction
http://transactionworld.blogspot.com/2008/07/1-transaction.html
Monday, July 14, 2008. But without the disposition to truck, barter, and exchange, every man must have. Procured to himself every necessary and conveniency of life which he. The Wealth of Nations. This study of the transaction will follow two very parallel paths:. The transaction isn’t something about commerce; it is commerce, and this blog will explore the power and promise of the transaction as the foundation of our civilized world. The wealth of nations. Subscribe to: Post Comments (Atom).
accounting-equation.blogspot.com
The Accounting Equation: 7. The Account
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Thursday, August 28, 2008. Most introductory accounting textbooks provide an incorrect expression of the Accounting Equation and then attempt to make this expression correct by obfuscating the very meaning of debit and credit. The obfuscation is accomplished with a set of instructions that are typically worded something like the following:. 8220;The signs reverse on opposite sides of the equal sign [of the Accounting Equation].”. More explicitly, the folly is expressed:. The Accounting Equation is typica...
accounting-equation.blogspot.com
The Accounting Equation: 8. Debit and Credit
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Monday, September 15, 2008. 8 Debit and Credit. To fully understand the accounting equation and financial data in general, we need to have an accurate definition of the terms “debit” and “credit.” These two terms are historical and their origins are of semantic significance. What a bookkeeper does when he records a transaction with debit and credit entries goes to the very essence of financial information. The problem is that the polar opposition between debit and credit is often obscured by the inaccura...
accounting-equation.blogspot.com
The Accounting Equation: Computational Finance
http://accounting-equation.blogspot.com/2008/08/computational-finance.html
Monday, August 25, 2008. The following post was written and contributed by Cornelis ("Kees") A. Los, PhD, Professor of Finance. Faculty of Management, The University of Lethbridge (Alberta, Canada). An equation is what it is: it equates. in other words, what is at the left side of the equal (=) sign equals what is at the right side of that sign and it does not matter what is left or what is right, as long as they are equated. Therefore it is also called a balance equation. The mathematician Pacioli earne...
accounting-equation.blogspot.com
The Accounting Equation: August 2008
http://accounting-equation.blogspot.com/2008_08_01_archive.html
Thursday, August 28, 2008. Most introductory accounting textbooks provide an incorrect expression of the Accounting Equation and then attempt to make this expression correct by obfuscating the very meaning of debit and credit. The obfuscation is accomplished with a set of instructions that are typically worded something like the following:. 8220;The signs reverse on opposite sides of the equal sign [of the Accounting Equation].”. More explicitly, the folly is expressed:. The Accounting Equation is typica...
accounting-equation.blogspot.com
The Accounting Equation: 6. General Ledger
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Wednesday, August 20, 2008. To fully understand the meaning of the Accounting Equation, we need to reduce it to its most abstract level, determine its essence, and then reconstruct it to its most commonly recognizable form. As part of the “reduction to the abstract” process, let us begin by giving it an alternative form that will, perhaps, stimulate some critical thought. Let’s express the Accounting Equation as follows:. The meaning of this unorthodox expression of the Accounting Equation is simply this:.
accounting-equation.blogspot.com
The Accounting Equation: The Accounting Equation and Risk
http://accounting-equation.blogspot.com/2008/09/accounting-equation-and-risk.html
Tuesday, August 26, 2008. The Accounting Equation and Risk. The following post was written and contributed by Cornelis ("Kees") A. Los, PhD, Professor of Finance. Faculty of Management, The University of Lethbridge (Alberta, Canada). My picture of ING Bank's ledger-portfolio frontier "saved" the Treasury of ING Bank in New York (true story! Subscribe to: Post Comments (Atom). The Semantics of Double-Entry Bookkeeping. The Accounting Equation and Risk. 4 Owners’ Equity. 2 What is Double-Entry Bookkeeping?
transactionworld.blogspot.com
Transactions: 2. The Wealth of Transactions
http://transactionworld.blogspot.com/2008/07/2-wealth-of-transactions.html
Wednesday, July 16, 2008. 2 The Wealth of Transactions. Classical economics begins with Adam Smith’s “inquiry” into why some nations are wealthier than others. The result of his inquiry was that nations become wealthy through trade and the richest nations are those that trade most freely. The commercial transaction, or trade, is what generates the wealth of nations. The Wealth of Nations. The commercial transaction is necessary to produce what we call civilization. The wealth of nations.
xmlbi.blogspot.com
XML and Business Intelligence: July 2008
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XML and Business Intelligence. Monday, July 14, 2008. 1 XML for Business Intelligence. Much sooner than later, every company will have to do business the XML way, or it won’t do business at all. Robert H. Hertz, E. Mary Keegan, and David M. H. Phillips,. The Value Reporting Revolution. The intent of this blog is to introduce the reader to the powers of XML in the world of financial information and business intelligence. This is the first post for this blog. In the following blogs we will continue...
transactionworld.blogspot.com
Transactions: July 2008
http://transactionworld.blogspot.com/2008_07_01_archive.html
Wednesday, July 16, 2008. 2 The Wealth of Transactions. Classical economics begins with Adam Smith’s “inquiry” into why some nations are wealthier than others. The result of his inquiry was that nations become wealthy through trade and the richest nations are those that trade most freely. The commercial transaction, or trade, is what generates the wealth of nations. The Wealth of Nations. The commercial transaction is necessary to produce what we call civilization. The wealth of nations. The transaction ...
