Multi Entry Framework for Financial and Risk Reporting

15 Pages Posted: 29 Nov 2011

Date Written: November 20, 2011

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

JEL Classification: M41, G32, K23

Suggested Citation

Staszkiewicz, Piotr Wojciech, Multi Entry Framework for Financial and Risk Reporting (November 20, 2011). Available at SSRN: https://ssrn.com/abstract=1965687 or http://dx.doi.org/10.2139/ssrn.1965687

Piotr Wojciech Staszkiewicz (Contact Author)

Warsaw School of Economics ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

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