Re: [ontolog-forum] Grand Unified Theories

["Rich Cooper" <Rich@xxxxxxxxxxxxxxxxxxxxxx>]

Hi David,  you wrote:

 

Software—accounted for as an expense since recognizing it as an asset doesn't pass muster with accountants—is far, far outside the constraints of Newtonian principles.

 

Why doesn't it pass with accountants?  Not being one, it always seems messy at this time of year while I am getting my taxes ready, and my company taxes ready, and my computer system board got fried about three weeks ago.  I am just now getting back to full automation. 

 

Accounting for software development costs in separate years from before the software produces revenue would make the most sense to me.  You are building an asset; it should be treated accordingly. 

 

-Rich

 

From: ontolog-forum-bounces@xxxxxxxxxxxxxxxx [mailto:ontolog-forum-bounces@xxxxxxxxxxxxxxxx] On Behalf Of David Eddy
Sent: Tuesday, March 03, 2015 5:47 AM
To: [ontolog-forum]
Subject: Re: [ontolog-forum] Grand Unified Theories

 

John -

 

On Mar 03, 2015, at 8:11 AM, John F Sowa <sowa@xxxxxxxxxxx> wrote:

Meanwhile, the very many practical applications use old theories that
are known to be be inadequate in the details.  Good old-fashioned
Newtonian mechanics is a prime example.

 

For your bookshelf... "Relevance Lost" by H. Thomas Johnson & Robert S. Kaplan

 

I met Johnson at a Management Accounting seminar in 1992.  He opened his closing keynote thusly: "We have come to the end of our ability to understand & describe the world around us within the confines of Newtonian physics."

 

When he delivered this talk, he was unaware he was standing within 100' of an Isaac Newton apple tree.

 

 

Double entry accounting—to which we are all beholden—was created from the same intellectual ferment that produced The Calculus.

 

Software—accounted for as an expense since recognizing it as an asset doesn't pass muster with accountants—is far, far outside the constraints of Newtonian principles.

 

 

Johnson studied under Alfred DuPont Chandler, author of "Invisible Hand."

 

____________________________
David Eddy
Babson Park, MA

deddy@xxxxxxxxxxxxx

 

_________________________________________________________________
Message Archives: http://ontolog.cim3.net/forum/ontolog-forum/  
Config Subscr: http://ontolog.cim3.net/mailman/listinfo/ontolog-forum/  
Unsubscribe: mailto:ontolog-forum-leave@xxxxxxxxxxxxxxxx
Shared Files: http://ontolog.cim3.net/file/
Community Wiki: http://ontolog.cim3.net/wiki/ 
To join: http://ontolog.cim3.net/cgi-bin/wiki.pl?WikiHomePage#nid1J    (01)