taofinancial.blogspot.com
The Tao of Financial Information: 21. Finance is all about Flow
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The Tao of Financial Information. Wednesday, May 6, 2009. 21 Finance is all about Flow. Essentially, double-entry bookkeeping is a process by which business entities track the flow of resources from one place to another. However, because accounting reports were developed when computational tools were limited or nonexistent, they do not report a measurement of this all important flow. Labels: cash flow statement. The tao of financial information. Subscribe to: Post Comments (Atom). View my complete profile.
taofinancial.blogspot.com
The Tao of Financial Information: 20. Credits are Negative Debits
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The Tao of Financial Information. Wednesday, November 12, 2008. 20 Credits are Negative Debits. This entry is a short excursion into elementary number theory, an area of mathematics that would appear to have little to do with financial data, but which, in fact, lies at the heart of very heart of the process of keeping financial records. A credit is a withdrawal and is the negative of a debit that represents a deposit. Given its proper representation as a modern number the financial balance becomes a ...
taofinancial.blogspot.com
The Tao of Financial Information: August 2008
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The Tao of Financial Information. Thursday, August 21, 2008. Double-entry bookkeeping has been the traditional way of keeping track of a company’s revenue, expenses, and other financial categories for over five-hundred years. Proven by the test of time, double-entry bookkeeping is a powerful technique for recording the dynamic activity of trading wealth. Why has double-entry bookkeeping been such an important part of our economic reasoning and why will continue to be in the future? In later posts to this...
taofinancial.blogspot.com
The Tao of Financial Information: Lean Accounting with Event Types
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The Tao of Financial Information. Wednesday, July 1, 2009. Lean Accounting with Event Types. How can advanced bookkeeping be accomplished by people who do not understand debits and credits? Hidden within each “Event Type” would be the identity of the accounts that are credited and debited. The person doing the bookkeeping could be an untrained clerk who has been given a simple introduction to the few Event Types that are affected by his role in the company. The selection of debit and ...The person enteri...
taofinancial.blogspot.com
The Tao of Financial Information: July 2009
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The Tao of Financial Information. Wednesday, July 1, 2009. Lean Accounting with Event Types. How can advanced bookkeeping be accomplished by people who do not understand debits and credits? Hidden within each “Event Type” would be the identity of the accounts that are credited and debited. The person doing the bookkeeping could be an untrained clerk who has been given a simple introduction to the few Event Types that are affected by his role in the company. The selection of debit and ...The person enteri...
taofinancial.blogspot.com
The Tao of Financial Information: 19. Inventing Double-Entry Financial Analysis
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The Tao of Financial Information. Friday, October 10, 2008. 19 Inventing Double-Entry Financial Analysis. All of the financial information in the world comes from double-entry data. Regardless if we are quantifying earnings, assets, or liquidity ratios, the underlying data that is the basis of our analysis is made up of the records of double-entry bookkeepers. The tao of financial information. Subscribe to: Post Comments (Atom). 19 Inventing Double-Entry Financial Analysis. 18 Obscuring the Obvious.
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The Tao of Financial Information: September 2008
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The Tao of Financial Information. Monday, September 29, 2008. 17 Ancient Data Warehousing. Although it only now has become a common term as the core of business intelligence, the practice of data warehousing has been with us for over five-hundred years. Since the early Italian renaissance, merchants have kept databases of their business transactions wherein each transaction was related to the critical dimensions that characterized its type and the effect that it had on the business. And because we have n...
taofinancial.blogspot.com
The Tao of Financial Information: May 2009
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The Tao of Financial Information. Wednesday, May 6, 2009. 21 Finance is all about Flow. Essentially, double-entry bookkeeping is a process by which business entities track the flow of resources from one place to another. However, because accounting reports were developed when computational tools were limited or nonexistent, they do not report a measurement of this all important flow. Labels: cash flow statement. The tao of financial information. Subscribe to: Posts (Atom). 21 Finance is all about Flow.
taofinancial.blogspot.com
The Tao of Financial Information: 18. Obscuring the Obvious
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The Tao of Financial Information. Wednesday, October 1, 2008. 18 Obscuring the Obvious. Accounting is an intuitive and easy to understand subject when it is taught from its original principles. Its underlying mechanics, double-entry bookkeeping, is simply the process of recording both the source and destination of any flow of financial resources. Each financial transaction is recorded as a withdrawal from some account and a deposit into another. These are the beginnings of serious obscurities that have k...
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...
