Talk:Accounting methods

This page still needs a once-over by someone with more knowledge of accounting than I have. ô ¿ ô
 * The author has the right concept, but writing style leaves a lot to be desired. &#9774; Eclecticology 17:20, 2003 Oct 20 (UTC)


 * Yo mama!
 * "It's a genius!" she exclaimed as its slobber ran down her blouse.
 * To all who have contributed: This article is really shapping up. Way to go Wickipedians! ô ¿ ô  Mar. 08, 09:00 (UTC)

Took a shot at clean up
It may still need more, but give me some feedback.--Pmeisel 22:07, 13 Mar 2005 (UTC)


 * Technically speaking, I imagine that this, from the previous revision...:


 * Cash-basis accounting does not record credit transactions, thus its Balance Sheet does not contain payable, receivable, and prepaid expenses [sic] accounts. Because its lack of credit based transactions, it is easy to manage. Additionally, cash-basis accounting is not viable for cost accounting in manufacturing operations because expense is not associated with product cost.


 * ...is less accurate, not to mention less smooth, than this, from your revision:


 * Cash-basis accounting does not record payables, receivables, and prepaid expenses [sic] accounts. This is simpler for individuals and organizations that do not have significant amounts of these transactions.


 * My only observation would be: We've got to remember that we're writing for a general audience. I believe that 8th Grade level (or at least what was 8th-Grade level circa 1900) is the audience we should aim at.


 * Perhaps accounts payable, accounts receivable, and prepaid expense accounts cannot accurately be called "credit transactions." But I believe that the general reader, some way or another, needs to be informed that under accrual-basis accounting, these kind of transactions are counted either as assets or as debits BEFORE any actual cash has changed hands. Otherwise, I fear, the contrast between these two forms of accounting will remain obscure to most. - ô ¿ ô  23:48, Mar 13, 2005 (UTC)


 * Thanks. I'll try again tonight or tomorrow....  the original author was not so much inaccurate as hard to understand, and I only improved a little.  I'll do better next time.  I taught my little sister accounting and calculus, and I assure you she is still no brighter than an 8th grader!

Scope
This page could do with either making less American and more international, or, alternatively, its US-centric terminology, GAAP, and so on being flagged VERY early on. Matthew 20:16, 1 November 2006 (UTC)

I've had a go at this, but the article is still heavily biased towards the US, to the point that it is not that useful to people in other jurisdictions. I may attack it again when I get a bit more time. Comments are welcome. AnthonyUK 18:47, 2 November 2007 (UTC)