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]]. | |||