[www.keralites.net] Fwd: The Holistic Accounting!

 

 

The Holistic Accounting! Accounting must cover every activity in every field or to be more exact the ramifications of an activity shall be accounted for, in the environment, in the ecology, in the biosphere, in the human society and lastly in the trading unit, in terms of the particular monetary unit. The trader-centric accounting, now brainwashed in all, is making the trading unit become an exploiter of nature, profit hungry or loot hungry, the rat's race to loot being euphemized as competition.   In the trader-centric accounting today, transactions are first entered into the Journals or Subsidiary Books, from there posted to the various ledger accounts. At the end of the financial year, the closing debit or credit balance of each ledger account is arrived at and a list of the ledger balances called the Trial Balance is prepared. This Trial Balance totally trader centric, gives  on the debit side list of expenses to the trader, the assets at the end of the year, the total Sales Returns from the customers, Reserves in anticipation of profit, Drawings or the money withdrawn or capital withdrawn from the business and on the credit side, the various incomes, the liabilities, Reserves, Provisions for suspected losses or contingencies, and the Capital with which the business started at the beginning of the year. At the end of a financial year, the result accounts or the final accounts which disclose the net profit or net loss will be prepared, by totalling the incomes on the credit side of the trial balance and deducting from the total the various expenses as arrived at on the debit side of the trial balance after taking into account various adjustments. Then a statement called the Balance Sheet, with a list of all assets and their analysis as so much to be attributed to own capital, to liabilities, reserves, funds, provisions etc will be prepared. The Balance Sheet thus gives information about the net financial position of the unit at the end of the year after a year of activity, with the trader-centric view.   This trader-centric accounting was excusable when the business units were small and when the effects on the environment, ecology, biosphere etc were not pronounced. The lord of the manor, the church, the various religious oriented guilds which standardized all trading activity based on morality, created the needed protection from various pollutions.   Today the business units are global; there is cross and confusing ownership of the corporations with many of them holding the real political power via remote control often assisted by mafias with mercenary armies which often have taken over the governments of very small but independent countries. Very often those small and independent countries, via international banking and finance control the so called big nations. Wars basically are trade wars. The result is there are big toxic time bombs that can put to an end all biospheres because of pollution.   At the stage of the Journals or the books of original entry, every transaction shall be recorded not only in the existing subsidiary books, but also in the Ecology based Journals, the environment based journals, the social accounting based journals and the holistic journals which give a picture of the holistic effect of a transaction.   The trial balance thus gives also the list of ledger balances, covering the ecosphere, biosphere, environment, society and on the human spirit. As computers are making the human beings redundant in the trader-centric societies, the method of creating livelihoods is to put to an end the ravages of the marauding trade activities. Trade and commerce have become anti-social and anti-environment. The very computers that are threatening to create mass permanent unemployment or loss of livelihoods, can be met by shifting the emphasis from the trader to the ecosphere, environment and the society, by using the computers themselves. Today the small traders themselves are facing extinction by the marauding corporations. Unfortunately the governments themselves are helping the marauders, the most important being, and the making of savings impossible and by taxing fake incomes and by creating a permanent guilt complex in every individual. Economic life is forced into underground life by the tax on fake income, the result of which is the concealment of property in illegal constructions on the destroyed rivers, lakes, forests etc.

 

 

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Posted by: Cool Kis <cooolkis@gmail.com>

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