see also <a href="http://p2pfoundation.net/Category:P2P_Accounting">http://p2pfoundation.net/Category:P2P_Accounting</a><br><br>New metrics, evaluation and accounting methods appropriate for a
collaborative, peer to peer economy.
<br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Dante-Gabryell Monson</b> <span dir="ltr"><<a href="mailto:dante.monson@gmail.com">dante.monson@gmail.com</a>></span><br>
Date: Thu, Dec 22, 2011 at 7:48 PM<br>Subject: Momentum accounting and triple-entry bookkeeping<br>To: <a href="mailto:econowmix@googlegroups.com">econowmix@googlegroups.com</a><br><br><br><a href="http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeeping" target="_blank">http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeeping</a><div>
<br></div><div><p style="margin:0.4em 0px 0.5em;line-height:19px;font-family:sans-serif;font-size:13px;background-color:rgb(255,255,255)">
<b>Momentum accounting and triple-entry bookkeeping</b>�is an alternative�<a href="http://en.wikipedia.org/wiki/Accountancy" title="Accountancy" style="text-decoration:none;color:rgb(6,69,173);background-image:none" target="_blank">accountancy</a>�system developed by�<a href="http://en.wikipedia.org/wiki/Yuji_Ijiri" title="Yuji Ijiri" style="text-decoration:none;color:rgb(6,69,173);background-image:none" target="_blank">Yuji Ijiri</a>�and is the title of the 1989 monograph that he wrote.<sup style="line-height:1em"><a href="http://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeeping#cite_note-0" style="text-decoration:none;color:rgb(6,69,173);background-image:none;white-space:nowrap" target="_blank">[1]</a></sup>�It is hard to imagine alternatives to the universal system of�<a href="http://en.wikipedia.org/wiki/Double-entry_bookkeeping" title="Double-entry bookkeeping" style="text-decoration:none;color:rgb(6,69,173);background-image:none" target="_blank">double-entry bookkeeping</a>, but this is one.</p>
<p style="margin:0.4em 0px 0.5em;line-height:19px;font-family:sans-serif;font-size:13px;background-color:rgb(255,255,255)">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.</p>
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