Multi entry framework for financial and risk reporting

Piotr Staszkiewicz

MPRA Paper from University Library of Munich, Germany

Abstract: Author challenges one of the oldest accounting double bookkeeping rules, used since 1494, and proposes instead application of the quadruple accounting entry. He presents the concept of the multiply accounting entry for the risk financial statements and risk management. The development gap concept is described and introduces a simplified entry and reporting example. Model is illustrated with a number of financial-risk statements and attributes including the journal entries. The potential completion edge for users is weighted against costs and benefits.

Keywords: Audit; CRD; COREP; FINREP; IFRS; BASEL; NUK; CRD; reporting; financial accounting; double-entry; risk management; fair value; conceptual framework; accord (search for similar items in EconPapers)
JEL-codes: G32 K23 M41 (search for similar items in EconPapers)
Date: 2011-11-21
New Economics Papers: this item is included in nep-acc and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34903

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