Older accountants will, recognise this phrase as a way of assisting the completion of accounts. Every debit must have an equal and opposite entry ( credit) to acheive a 'balanced' set of accounts.
The term has moved because of change
firstly, computer systems have largely removed manual book keeping and ledger accounting
secondly we have seen the advent of the T manager and accounting functions have evolved from a purely reporting function to a more operational nature.
The 'balance' now comes from a set of operational processes in harmony with the goals of the organisation
My free download eplains this in a bit more detail
www.lenejones.com/download/Taccounting.doc
These are random thoughts from me on the subject of accounting and the different views that I see dependant on what accounting is for and why users of accounting information often don't always get the intended message. Helping people communicate better via the medium of Numbers is my small contribution to Happiness. If we understand each other , the better we will be.Although numbers tend to be absolute, their interpretation isn't
Friday, 24 September 2010
Friday, 17 September 2010
Wiki Accounting
The 'Wik'i is becoming accepted as a normal way to rationalise and further explain information and events.
How can the accountant capitalise on this approach to content managing an accounts information system. More companies want more information behind the numbers , so a 'Wiki' approach to an information system might be the answer
read my free download for more......
www.lenejones.com/download/WikiAccounting.doc
How can the accountant capitalise on this approach to content managing an accounts information system. More companies want more information behind the numbers , so a 'Wiki' approach to an information system might be the answer
read my free download for more......
www.lenejones.com/download/WikiAccounting.doc
Monday, 13 September 2010
Mission Accounting
How is it posssible to set measurable outcomes and set specific targets when Mission statements are so obtuse, what exactly is a Mission statement trying to acheive , is it a platitude or does it mean something?, read my free download
www.lenejones.com/download/MissionAccounting.doc
www.lenejones.com/download/MissionAccounting.doc
Wednesday, 8 September 2010
Time(ly) Accounting
In the present economy, CEOs are becoming more anxious about organisational performance and the demands placed on the CFO to provide figures and analyses which are accurate and timely. traditional monthly figures need to be produced on time and should be reliable, yet CEOs are demanding Flash information. Just how long should the CEO wait... to find out more see.
www.lenejones.com/download/Time(ly)Accounting.doc
www.lenejones.com/download/Time(ly)Accounting.doc
Friday, 3 September 2010
Big Accounting
In keeping with the Governments 'Big Society', and its all inlcusive approach I have set out my thoughts that Accountants have a Big Role to play in this. We are the providers of information and should be Big enough to be open and honest with our stakeholders.
We should not hide behind the veil of corportate sensitivity
see my further thoughts on
www.lenejones.com/download/BigAccounting.doc
We should not hide behind the veil of corportate sensitivity
see my further thoughts on
www.lenejones.com/download/BigAccounting.doc
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