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Excerpt from The Significance of the Matrix Form in Accounting
The real significance of the matrix form in accounting is analytical insight not operational use. Pictorially and conceptually we have been given a new and a different view of traditional accounting. In order to illustrate this it is necessary to emphasize certain aspects of traditional double entry bookkeeping first.
In current bookkeeping practice we start with a mass of unsorted data, the journals, and sort this data via the ledgers, into the final form we desire.
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The Significance of the Matrix Form in Accounting (Classic Reprint)
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Paperback. Condizione: New. Print on Demand. This book introduces a new perspective on double-entry bookkeeping, a traditional accounting system used to track financial transactions. The author contends that the matrix form of double entry, a visual representation of accounting data, reveals insights not apparent in the traditional ledger system. By organizing data into a matrix, the author demonstrates how to extract additional information and generate more detailed reports. This approach allows for increased customization and flexibility in financial analysis, making it easier to identify trends and patterns. The book explains the concepts of indexing, subclassification, and building blocks, which are key to understanding the matrix form. These concepts enable the creation of more informative and tailored financial statements, such as the income statement and funds flow statement. Overall, this book provides a fresh perspective on double-entry bookkeeping, highlighting its analytical potential and offering practical techniques to enhance the usefulness of financial data. By embracing the matrix form, accountants can gain a deeper understanding of their financial information and make more informed decisions. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781334408328_0
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The Significance of the Matrix Form in Accounting Classic Reprint
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781334408328
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The Significance of the Matrix Form in Accounting Classic Reprint
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781334408328
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