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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. ☮ 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
editIt 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
editThis 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)