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Accounting
is possibly the most centrally important feature for economic data
representation for both microeconomics and macroeconomics. It is
the way in which much of the world views economic data, yet it is
often treated as a poor relation of academic economics.
6.1 A history of the evolution of economic record keeping including
bookkeeping and inventory listing leads naturally into the development
of business accounts through to the formalization of double entry
book keeping by Fra Paccioli in 1494.
6.2 A detailed display is to be provided on the professionalization
of accounting in the United States together with the development
of the structure of its institutions including the role of the FASB
and the central aspect of Generally Accepted Accounting Principles
(GAAP).
6.3 An appropriate expository display is called for to illustrate
the emergence of different basic accounting uses for financial,
cost and tax accounting.
6.4 The abstract aspects of accounting as data representation and
information processing require illustration. This leads naturally
into the relationship between accounting and formal mathematical
methods.
6.5 National income accounting forms a related but different topic.
The history of national income accounting together with its important
sociopolitical role in defining many indices on which politico-economic
decisions are based must be covered.
6.6 Not-for-profit accounting: In a world with many different levels
of public goods and not-for-profit institutions the socioeconomic
health of institutions becomes hard to measure. Especially when
considerations are given to waste disposal, pollution and many other
accounting systems where the profit or goal achievement measures
are not straightforward and cannot easily be reduced to a single
monetary benefit number. The problems and principles of not for
profit accounting become critical to explain to the public the economic
basis of public goods.
6.7 A special display on the creation and political-economy of
economic indices is projected. The politics and economics of index
creation. This provides a display on the role of one-number indices;
their use in every -day-life and their relationship to social accounting.
In particular who creates the indices.
6.8 An exhibit on accounting problems, swindles and the stock market--problems
in accrual and timing. Problems in reporting and ownership (proprietor,
partner, corporate) form.
6.9 Accounting games for your income tax ( linked to household
econ)----what sort of tax advice do you need at what income level
and when should you look for it?
6.10 Accounting and incentive systems. |