An Argument for the implementation of Triple-Entry Bookkeeping
Author
Skole-Sørensen, Peter Anker
Term
4. term
Education
Publication year
2016
Pages
69
Abstract
This thesis examines triple-entry (momentum-based) accounting as a potential complement or alternative to classical double-entry bookkeeping, which has remained largely unchanged despite centuries of corporate evolution. Drawing on academic literature—primarily Yuji Ijiri’s Momentum Accounting and Triple-Entry Bookkeeping and classic work on accounting method choice—and connecting the theory to issues observed in practice, the study evaluates triple entry against attributes such as relevance, reliability, verifiability, bias, accuracy, comparability, intelligibility, timeliness, cost, and predictive power. Triple entry reframes reporting from point-based states to vector-like deviations around an underlying steady state and maintains a clear focus on cash flows, potentially making reports clearer and more quantitative. The analysis indicates that the approach is at an early stage and not ready for broad implementation, but it could address several weaknesses of double entry and improve usefulness for a wider set of external users, especially non-professional investors. The thesis concludes that further research and development, including practical trials and assessment of implementation costs, is warranted.
Denne opgave undersøger triple-entry (momentumbaseret) bogføring som et muligt supplement eller alternativ til det klassiske dobbelte bogholderi, der trods 500 års virksomhedsudvikling stort set er uændret. Med udgangspunkt i akademisk litteratur—primært Yuji Ijiris Momentum Accounting and Triple-Entry Bookkeeping samt klassisk forskning i valg af regnskabsmetoder—og med paralleller til aktuelle og historiske forhold i regnskabspraksis, vurderes triple-entry i forhold til egenskaber som relevans, pålidelighed, verificerbarhed, bias, nøjagtighed, sammenlignelighed, forståelighed, aktualitet, omkostninger og prognosekraft. Triple-entry omformer rapportering fra punktvise tilstande til vektorlignende afvigelser omkring en underliggende steady state og fastholder et tydeligt fokus på pengestrømme, hvilket kan gøre rapporteringen mere klar og kvantitativ. Analysen peger på, at metoden stadig er på et tidligt udviklingsstadie og ikke er klar til bred implementering, men at den kan afhjælpe flere svagheder ved dobbelt bogholderi og forbedre anvendeligheden for en bredere kreds af eksterne brugere, især ikke-professionelle investorer. Konklusionen er, at triple-entry fortjener yderligere forskning og udvikling, herunder praktiske afprøvninger og vurdering af implementeringsomkostninger.
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