starting from
the Fundamental Theory of Accounting
and
Modular Accounting
recording any ‘Material and its depreciation’
in Qualitative, Quantitative and Monetary units
analyzes the characteristics, in space and time, of the movements of ‘Matter ’ that occur in a defined field of observation as well as the properties of the resulting Stocks.
This extension of the accounting doctrine, which has an impact on the whole issue of bookkeeping, constitutes a major change in the accounting model.
is ‘pure accounting’ in the sense given by Doctor of Law Joseph-H Vlaemminck in his doctoral thesis in applied economics “History and Doctrines of Accounting”. A ‘pure accountancy’ is an accountancy capable of recording and restoring any fact whatever in any quantitative measure, qualitative notation and monetary units.
of an entity is the synthesis of records of social, intangible and ecological assets expressed in monetary units resulting from the analysis of the underlying assets of these assets carried out in quantitative measures and qualitative ratings.
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Water cycle : perpetual move of materials
Different view synthesis
INTEGRAL BALANCE SHEET, vision of a continuum …
“Of this art so necessary, so useful, there is no precept in writing: peremptory reason which induced me to want to write by way of doctrine of the art of the commodity, which by chance since the creation of the world until our age, no other author has done “.
“Della mercatura et del mercante…” Benedetto Cotrugli Raugeo, August 25, 1458
Adding to the company assets in the “Integral Balance Sheet”by recording and reproducing :
– intangible assets ;
– ecological assets ;
– environmental assets ;
In order to arrive at the ‘Integral Balance Sheet” of all the observed entity’s assets.
This accounting model, taking into account intangible and ecological assets, is resolutely turned looking to the future as it allows Accouting to become part of the ecological and sustainable development society in which we already live.
This accounting model, records all ‘Material and its depreciation’ in Qualitative, Quantitative and Monetary units, is the mathematics applied to the observation of any unit in motion.
This accounting model continues the ancestral evolution of bookkeeping while respecting the ‘law of usefulness’ so as to respond to the problems of today.
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In its construction this accounting model is modular. The modules relating to intangible and ecological assets are maintained independently of the company accounts. They can be opened as from today while respecting, or even increasing, the independence of company accounts.
The accountant is essential to define the modules to be opened, their forms, their contents, their ways of combination, the inter-modular relationships and checks as well as defining the various options at each stage : entries, processing and the presentation of accounting situations.
The Fundamental Theory of Accounting which supports this model opens up broad prospectives for development in all areas of Human activity. The experience of company executives, advisers and external consultants is essential to identify, describe qualitatively and quantitatively the essential assets of the company and thus better manage them, control their evolution, resulting in an increase company’s value.
They have a major role to play in bringing the modules presented which relate to the evolution of companies’ ecological assets , as far as macroecology. The Integral Balance Sheet constitutes a tool truly adapted to the needs of our sustainable development society.
