[P2P-F] Fwd: Momentum accounting and triple-entry bookkeeping

[Michel Bauwens]

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 at gmail.com>
Date: Thu, Dec 22, 2011 at 7:48 PM
Subject: Momentum accounting and triple-entry bookkeeping
To: econowmix at googlegroups.com


http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeeping

*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.



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