Thanks Michel forI d be interested to understand ifMomentum accounting / triple-entry bookkeepingdiffers, or how it differs, or how it can compatible withtriple bottom line"captures an expanded spectrum of values and criteria for measuring organizational (and societal) success: economic, ecological, and social. With the ratification of the United Nations and ICLEI TBL standard for urban and community accounting in early 2007, this became the dominant approach to public sector full cost accounting."by the way, as a zoom out,interesting prezi presentation ( may 2011 ) from Arthur Brock leading to visualize developments till "information economies" in a systems paradigmhttp://prezi.com/xmzld_-wayho/new-economy-new-wealth/On Thu, Dec 22, 2011 at 2:33 PM, Michel Bauwens <michel@p2pfoundation.net> wrote:
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 <dante.monson@gmail.com>
Date: Thu, Dec 22, 2011 at 7:48 PM
Subject: Momentum accounting and triple-entry bookkeeping
To: econowmix@googlegroups.com
http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeepingMomentum accounting and triple-entry bookkeeping is an alternative accountancy system developed by Yuji Ijiri and is the title of the 1989 monograph that he wrote.[1] It is hard to imagine alternatives to the universal system of 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.
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