This week’s video discusses an exception to the general rule of balances vs. transactions: intra-period posting processes can accumulate new transactions against the prior posted balance to make a temporary balance for reporting and analysis. Episode 21 of Conversations with Kip, the best financial system vlog there is. Watch it here.
Metric Engine, Interim Reporting and Temporal Events
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[…] true financial systems, some times ledgers generate new business events. These might be what I term Temporal Events, which are the result of the passage of time. Currency Revaluation is an example. Or they may be […]