It is well known that economic transactions must be prepared the accounting entries before they are registered in account books. Therefore, it＇s the most important procedure in the whole accounting work to prepare th...It is well known that economic transactions must be prepared the accounting entries before they are registered in account books. Therefore, it＇s the most important procedure in the whole accounting work to prepare the accounting entries correctly. This paper puts forward how to prepare the accounting entry on the basis of capital movement because the traditional method is so complex, abstract and incomprehensible to be mastered by beginners. The research shows that the new method proposed in the paper is very direct, pictorial, and concrete. It is very easy to be mastered by a beginner of accounting.展开更多
The study adopts a single case study approach to bring into conversation,ideas,and views of several scholars on triple entry accounting(TEA).The development of blockchain technology already drives the conscious move t...The study adopts a single case study approach to bring into conversation,ideas,and views of several scholars on triple entry accounting(TEA).The development of blockchain technology already drives the conscious move towards the TEA.The TEA is currently not being used in any significant way but is in a greater debate whether it is worth adopting such alternative accounting practices as the TEA.Shifting to the TEA system is challenging and at present,it is just a fascinating mental exercise.With these backdrops,the present study discusses the likelihood cases of future accounting practice namely:(Ⅰ)Sophisticated Accounting Software based on the double entry accounting(DEA);(Ⅱ)Combination of Blockchain and TEA;and(Ⅲ)Combination of disruptive technologies in addition to Blockchain and TEA.Finally,the study concludes with describing the basic architecture of a potential system of triple-entry accounting that could support the TEA system to deliver real-time insights into business operations.Lastly,the study plotted a hype cycle for accounting technologies to help global organizations identify the relevant accounting technologies and applications.展开更多
文摘It is well known that economic transactions must be prepared the accounting entries before they are registered in account books. Therefore, it＇s the most important procedure in the whole accounting work to prepare the accounting entries correctly. This paper puts forward how to prepare the accounting entry on the basis of capital movement because the traditional method is so complex, abstract and incomprehensible to be mastered by beginners. The research shows that the new method proposed in the paper is very direct, pictorial, and concrete. It is very easy to be mastered by a beginner of accounting.
文摘The study adopts a single case study approach to bring into conversation,ideas,and views of several scholars on triple entry accounting(TEA).The development of blockchain technology already drives the conscious move towards the TEA.The TEA is currently not being used in any significant way but is in a greater debate whether it is worth adopting such alternative accounting practices as the TEA.Shifting to the TEA system is challenging and at present,it is just a fascinating mental exercise.With these backdrops,the present study discusses the likelihood cases of future accounting practice namely:(Ⅰ)Sophisticated Accounting Software based on the double entry accounting(DEA);(Ⅱ)Combination of Blockchain and TEA;and(Ⅲ)Combination of disruptive technologies in addition to Blockchain and TEA.Finally,the study concludes with describing the basic architecture of a potential system of triple-entry accounting that could support the TEA system to deliver real-time insights into business operations.Lastly,the study plotted a hype cycle for accounting technologies to help global organizations identify the relevant accounting technologies and applications.
