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Momentum Accounting And Triple-entry Bookkeeping
Momentum accounting and triple-entry bookkeeping is an accounting system developed by Japanese academic Yuji Ijiri.Yuji Ijiri, Momentum accounting, and triple-entry bookkeeping: exploring the dynamic structure of accounting measurements, Studies in Accounting Research, Vol. 31., American Accounting Association, Sarasota, 1989. It is proposed as an alternative to double-entry bookkeeping Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a ..., the standard method used in worldwide financial accounting. Referred to as momentum accounting and triple-entry bookkeeping, this system introduces changes to double-entry bookkeeping by focusing on tracking changes in balances, revenue earning, and cash collection. While double-entry records each transaction with two entries (typically a debit an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting
Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and Regulatory agency, regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers. Management accounting focuses on the measurement, analysis and reporting of information for internal use by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yuji Ijiri
Yuji Ijiri () (24 February 1935 – 18 January 2017) was a Japanese economist, accounting researcher and educator. He was the Robert M. Trueblood University Professor of Accounting and Economics at Carnegie Mellon University until his retirement on June 30, 2011. He is noted in economics and finance for his contributions to research on firm growth and the general field of mathematical economics, and in particular power laws in economics. In accounting, he is known for his proposal of triple-entry accounting. At the age of 21 he became a Certified Public Accountant in Japan, and remains the youngest person to do so. He died of natural causes on 18 January 2017. Education Ijiri attended Nara High School of Commerce, during which he took a test that allowed him to take the CPA exam without a degree. In 1953, he passed the exam while continuing schooling at Doshisha Junior College. He also attained a law degree in 1953 from Ritsumeikan University. Attended graduate school at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double-entry Bookkeeping
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and always has total debits and total credits that are equal. The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud. For example, if a business takes out a bank loan for $10,000, recording the transaction in the bank's books would require a DEBIT of $10,000 to an asset account called "Loan Receivable", as well as a CREDIT of $10,000 to an asset ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VDM Verlag Dr
VDM may refer to: * VDM Metals, a producer of nickel alloys and stainless steels ** formerly known as Vereinigte Deutsche Metallwerke, a manufacturer of aircraft propeller systems * VDM Publishing, a publishing group specializing in publishing German, French and English theses and dissertations * Van der Moolen N.V., a Dutch trading company * Verbi dei minister, an informal designation as a Christian minister * Vienna Development Method, a formal software development method * Value driven maintenance, industrial maintenance management methodology. * Virtual DOS machine * Vulnerability Discovery Model, used to estimate future vulnerability discovery process/trend {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting Systems
Accounting software is a computer program that maintains account books on computers, including recording transactions and account balances. It may depend on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and prepare financial reporting. Work to have accounting functions be implemented on computers goes back to the earliest days of electronic data processing. Over time, accounting software has revolutionized from supporting basic accounting operations to performing real-time accounting and supporting financial processing and reporting. Cloud accounting software was first introduced in 2011, and it allowed the performance of all accounting functions through the internet. Modules Accounting software is typically composed of various modules, with different sections dealing with particular areas of accounting. Among the most common are: ;Core ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
