Momentum Accounting and Triple-Entry Bookkeeping
- Momentum Accounting and Triple-Entry Bookkeeping
Momentum Accounting and Triple-Entry Bookkeeping is an alternative accounting system developed by Yuji Ijiri and is the title of the 1989 monograph that he wrote. It is hard to imagine alternatives to the universal system of double-entry bookkeeping, but this is one.
In regular, double-entry bookkeeping, changes in balances such as earning revenues and collecting cash are recorded. These events are recorded with two entries, usually a debit and a credit, assigned on a given date. In momentum accounting, changes in changes are the recognized events. For example, an acceleration in revenue earning, such as a $1,000 per period increase of revenues from $10,000 per month to $11,000 per month, is a recordable event that would require three entries to implement.
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Momentum accounting and triple-entry bookkeeping — is an alternative accountancy system developed by Yuji Ijiri and is the title of the 1989 monograph that he wrote.[1] It is hard to imagine alternatives to the universal system of double entry bookkeeping, but this is one. In regular, double… … Wikipedia
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