Showing papers on "Accounting period published in 2002"

Income inequality and income mobility in the Scandinavian countries compared to the United States

Abstract: This paper compares income inequality and income mobility in the Scandinavian countries and the United States during 1980–90. The results suggest that inequality is greater in the United States than in the Scandinavian countries and that this inequality ranking of countries remains unchanged when the accounting period of income is extended from one to eleven years. The pattern of mobility turns out to be remarkably similar, in the sense that the proportionate reduction in inequality from extending the accounting period of income is much the same. But we do find evidence of greater dispersion of first differences of relative earnings and income in the United States. Relative income changes are associated with changes in labor market and marital status in all four countries, but the magnitude of such changes are largest in the United States.

Innovations in Governmental Accounting Systems

Abstract: In the last years a number Belgian public sector organisations have been reformed from cameralistic/cash accounting towards business-like accrual accounting. Recently, the Belgian legislator prepared the accounting reform of provincial governments (1999, 2000) starting as of 1st January 2002. Generally, the provincial accounting reform implies a maintaining of the traditional cameralistic accounting system together with the introduction of accrual accounting in order to obtain a patrimonial view of each province. Although provinces are more extensive than local governments, they have mostly a centralised accounting system.

Chapter 6 – Intangible Accounting

Abstract: Publisher Summary Conventional bookkeepers record business transactions and conventional accountants know these recording techniques, but specialize in creating and interpreting financial statements. Accountants use their skills to forecast, report analyze, and interpret, where as bookkeepers use their skills to record financial information. Accountants use accounting systems to produce information that is relevant to making informed and high-quality business decisions, timely and current so that its value is maximized, and so on. All conventional accounting systems are based on accounting standards and accounting conventions. The various conventional accounting assumptions are: entity assumption, continuity, accounting period assumption, monetary assumption, historical cost assumption, and so on. Intangible bookkeeping and intangible accounting have their origins in the understanding that all organizations experiences two types of transactions: financial (money) transactions and intangible (time) transactions. These two transactions involve either an expenditure or receipt of money or time. Intangible bookkeeping identifies, classifies, and records an organization's time-based expenditures and receipts.

Accounting processing system and method, and recording medium recording accounting processing program

Abstract: PROBLEM TO BE SOLVED: To provide an accounting processing system or the like capable of preparation of each type of table for accounting operations applying user's desired period to an accounting period and user's desired period within the accounting period to a tabulation covered period. SOLUTION: The system is provided with a display part 2, an input part 3, an accounting master database 4 recording initial balance data or the like of each account title at beginning of operation, a virtual accounting period database preparation part 5, a tabulation covered period database preparation part 6, a virtual accounting period database 7 recording the initial balance data of each accounting title at the initial date of the virtual accounting period, a tabulation covered period database 8 recording the initial balance data or the like of each accounting title at the initial date of the tabulation covered period, a table preparation part 9, and an accounting master database preparation part 10.