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http://businesschangeforum.com/archives/144 Unsolvable problems of 20th century management Thu, 20 Nov 2008 07:44:38 +0000 http://wordpress.org/?v=2.0 http://businesschangeforum.com/archives/144#comment-6298 Mon, 04 Feb 2008 10:14:46 +0000 http://businesschangeforum.com/archives/144#comment-6298 [...] The Business Change Forum says that “Accounting is one of the top ten problems of 20th century management”. Many people think that financial accounting keeps enterprise records. In some enterprises, accounting does attempt to keep records beyond the specified accounting documents. But, in general, accounting views its function in narrow terms of financial accounting and following generally-accepted accounting principles. Financial accounting does not account for the actual business, but lays a contrived chart of accounts over the business. The chart of accounts records accrued and actual cash expenditures and receipts. The actual value received for cash expended, the costs incurred and value added in the business, and the actual value provided for cash received is not accounted for. [...] […] The Business Change Forum says that “Accounting is one of the top ten problems of 20th century management”. Many people think that financial accounting keeps enterprise records. In some enterprises, accounting does attempt to keep records beyond the specified accounting documents. But, in general, accounting views its function in narrow terms of financial accounting and following generally-accepted accounting principles. Financial accounting does not account for the actual business, but lays a contrived chart of accounts over the business. The chart of accounts records accrued and actual cash expenditures and receipts. The actual value received for cash expended, the costs incurred and value added in the business, and the actual value provided for cash received is not accounted for. […]

]]> http://businesschangeforum.com/archives/144#comment-169 Sat, 04 Nov 2006 04:49:43 +0000 http://businesschangeforum.com/archives/144#comment-169 [...] Accounting and Financial Management: Historic legacies prevent professional records management and modern capital management [...] […] Accounting and Financial Management: Historic legacies prevent professional records management and modern capital management […]

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