Accounting standard: Difference between revisions
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An '''accounting standard''' reflects assumptions about [[styles of capital]] and the [[capital depreciation]] of each (including [[goodwill]] which is kept high with [[brand management]] whether deserved or not), [[cashflow]], [[liability]] and other [[comprehensive outcome]]s that can cause liabilities. | |||
[[ISO 19011]] is the world standard for accounting now, but is not widely followed and doesn't deal with all issues. It is a first step towards real [[total cost of ownership]] and [[full cost accounting]]. | |||
However, it isn't quite real [[natural capital]] and [[ecological yield accounting, and doesn't document [[nature's services]] and [[state services]] the way it does for private enterprise to create a single [[service economy]] model. Doing that will be one of the most difficult [[Consumerium Challenges]]. | |||
[[Category:Accounting]] | |||
Latest revision as of 13:25, 12 April 2021
An accounting standard reflects assumptions about styles of capital and the capital depreciation of each (including goodwill which is kept high with brand management whether deserved or not), cashflow, liability and other comprehensive outcomes that can cause liabilities.
ISO 19011 is the world standard for accounting now, but is not widely followed and doesn't deal with all issues. It is a first step towards real total cost of ownership and full cost accounting.
However, it isn't quite real natural capital and [[ecological yield accounting, and doesn't document nature's services and state services the way it does for private enterprise to create a single service economy model. Doing that will be one of the most difficult Consumerium Challenges.