In fact, the architect of our national accounting system, Simon Kuznets, in the 1930s, said that, " A nation's welfare can scarcely be inferred from their national income."
But we've created a national accounting system which is firmly based on production and producing stuff. And indeed, this is probably historical, and it had its time.
商业概览 The Business Book (Big Ideas Simply Explained)
Whereas traditional accounting systems estimate the overheads, perhaps by assuming that every unit produced at a factory should bear the same share of the total overhead bill, activity-based costing is much more precise.
In the UK, there was a recent large scandal when the accounting system Horizon that was used by the Post Office incorrectly accused about 900 employees of theft and fraud.
经济学百科 The Economics Book (Big Ideas Simply Explained)
There is then a huge implicit gender bias in national accounts, and the true economic value of work performed by women is systematically underestimated in our conventional accounting systems.
They also develop company accounting policies and methods, delegate tasks and assignments to accountants, and create accounting systems to collect financial data for organizations.
122.In principle, the installed software is assumed to make the accounting system more efficient but the reality is that all of us are discouraged from learning by heart so much complicated operating procedure.
And these guys, they know who are they losing to, who are they winning against, who are they having most API calls from, what would make a perfect add-on to an accounting system.