The Accounting Review Vol. 41 No. 3 1966
Operational Axiomatic Accounting Mechanics.
Abstract
The article focuses on the development of accounting mechanics in an attitude natural to the computer environment. The task mentioned is undertaken by restructuring the accounting language. The new product is hereinafter referred to as the "notation." The most essential and conspicuous component of the notation is the root, which is a slight extension of the notion of a chart of accounts. The root establishes the hierarchies of a given accounting system but differs most strikingly from a chart of accounts in that its elements are not accounts. The concepts of an entry, journal, account, gross, net, and statement are derived within the root context and terminology; the meanings given to these words are very distinguishable from classical usage. The root and the directed tree of network analysis are equivalent; hence another body of knowledge can be brought to bear. The notation is suitable for use by engineers, mathematicians, etc., hence communication between accounting and related disciplines stands to be improved. And lastly, another view is offered of unit-value flow, aggregation, and statement generation.
- DOI
- 10.2308/tar-4515823
- Volume
- 41
- Issue
- 3
- Pages
- 426-442
- Language
- en
- Sources
- openalex crossref