Analize / Ekonomi / Teknologji

Accounting for Innovation

Since Luca Paciolo wrote his 27 page treatise, or even earlier during ancient times, not much has changed from bookkeeping fundaments. Change in accounting is like change in religion or religious institutions, it comes the hard way, takes time, and even when it happens doesn’t change much, because usually it is an arbitrary rule that comes as a response to an industry issue. During the late subprime crisis, or banking […]