see also http://p2pfoundation.net/Category:P2P_Accounting New metrics, evaluation and accounting methods appropriate for a collaborative, peer to peer economy. ---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Thu, Dec 22, 2011 at 7:48 PM Subject: Momentum accounting and triple-entry bookkeeping To: [email protected] http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeepin... *Momentum accounting and triple-entry bookkeeping* is an alternative accountancy <http://en.wikipedia.org/wiki/Accountancy> system developed by Yuji Ijiri <http://en.wikipedia.org/wiki/Yuji_Ijiri> and is the title of the 1989 monograph that he wrote.[1]<http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeeping#cite_note-0> It is hard to imagine alternatives to the universal system of double-entry bookkeeping <http://en.wikipedia.org/wiki/Double-entry_bookkeeping>, but this is one. In regular, double-entry bookkeeping, changes in balances such as earning revenues and collecting cash are recorded. These events are recorded with two entries, usually a debit and a credit, assigned on a given date. In momentum accounting, changes in balances are the recognized events. For example, an acceleration in revenue earning, such as a $1,000 per period increase of revenues from $10,000 per month to $11,000 per month, is a recordable event that would require three entries to implement. -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens