Munich Personal RePEc Archive

Multi entry framework for financial and risk reporting

Staszkiewicz, Piotr W. (2011): Multi entry framework for financial and risk reporting.

[img]
Preview
PDF
MPRA_paper_34903.pdf

Download (251Kb) | Preview

Abstract

Author challenges one of the oldest accounting double bookkeeping rules, used since 1494, and proposes instead application of the quadruple accounting entry. He presents the concept of the multiply accounting entry for the risk financial statements and risk management. The development gap concept is described and introduces a simplified entry and reporting example. Model is illustrated with a number of financial-risk statements and attributes including the journal entries. The potential completion edge for users is weighted against costs and benefits.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.