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I remember in 1999 reading some tech executive (with tech education, I guess) complain, like "I'd like to make executive financial reporting, but not like this
by culebron21 2mo ago
I remember in 1999 reading some tech executive (with tech education, I guess) complain, like "I'd like to make executive financial reporting, but not like this horrendous and too complicated accounting". Then he proceeded with ideas. Well, the thing is that all our terms we use are lines from summarized accounting balance sheet, from either assets side, or liabilities. And if you detach them from the rest, the list of figures won't make any sense. I learned that studying accounting in the uni.
Also what I learned back then was that accounting was invented for the same purpose the blockchain: to make fraud in the workplace very hard.
I remember engineers reinvent geospatial technologies, avoiding such thing as map projections, and in the end still came to them.