Re: Currencies / the accounting equation.

2000-10-03 Thread Bill Gribble
On Sun, Oct 01, 2000 at 07:22:31PM -0700, Dave Peticolas wrote: > I think this is where our understanding differs. I have never > understood the 'value' as something being exchanged. It's the value of > the 'damount' being exchanged in whatever currency you are doing your > accounting for that acc

RE: currencies

2000-10-02 Thread Leach, Chris J (Oakton)
Friday, 29 September 2000 2:52 > To: Leach, Chris J (Oakton) > Cc: [EMAIL PROTECTED] > Subject: Re: currencies > > There are also transfers between two accounts in different > currencies. > > On Thu, Sep 28, 2000 at 11:35:56AM +1100, Leach, Chris J (Oakton) wrote: >

Re: Currencies / the accounting equation.

2000-10-02 Thread Christopher Browne
On Sun, 01 Oct 2000 14:37:40 PDT, the world broke into rejoicing as Dave Peticolas <[EMAIL PROTECTED]> said: > writes: > > On Fri, Sep 29, 2000 at 04:50:18PM -0700, Dave Peticolas wrote: > > > I think there is an additional issue for transactions. Consider > > > a transfer between two accounts w

Re: Currencies / the accounting equation.

2000-10-01 Thread Dave Peticolas
Al Snell writes: > On Sun, 1 Oct 2000, Dave Peticolas wrote: > > > What if we required transactions to have a common valuation currency? > > What if the currency were associated with transactions instead of > > splits, and we always balanced with the value? > > I designed a financial system once

Re: Currencies / the accounting equation.

2000-10-01 Thread Dave Peticolas
writes: > > They are interchangeable for the purposes of balancing, IMO. A split > with both a damount and a value is a concrete statement of a financial > identity. 100 USD is equivalent to 107 EUR in that transaction (for > example), and even stronger: 100 USD was exchanged for 107 EUR in th

Re: Currencies / the accounting equation.

2000-10-01 Thread Bill Gribble
On Sun, Oct 01, 2000 at 02:37:40PM -0700, Dave Peticolas wrote: > To me, the above transaction says "I took $100 out of my bank account > and put it in my cash account. The $100 dollars coming out of my bank > account is worth 105 Euros and the $100 going into the cash account is > worth 65 Pounds

Re: Currencies / the accounting equation.

2000-10-01 Thread Al Snell
On Sun, 1 Oct 2000, Dave Peticolas wrote: > What if we required transactions to have a common valuation currency? > What if the currency were associated with transactions instead of > splits, and we always balanced with the value? I designed a financial system once - for internal cost accounting

Re: Currencies / the accounting equation.

2000-10-01 Thread Dave Peticolas
writes: > On Fri, Sep 29, 2000 at 04:50:18PM -0700, Dave Peticolas wrote: > > I think there is an additional issue for transactions. Consider > > a transfer between two accounts with the same security (USD). > > > > AcctDR CR > > bank (USD)

Re: Currencies / the accounting equation.

2000-10-01 Thread Bill Gribble
On Fri, Sep 29, 2000 at 04:50:18PM -0700, Dave Peticolas wrote: > I think there is an additional issue for transactions. Consider > a transfer between two accounts with the same security (USD). > > AcctDR CR > bank (USD) US

Re: Currencies / the accounting equation.

2000-09-29 Thread Dave Peticolas
writes: > More thoughts about the currency stuff. I think there are at least > two issues here which keep getting conflated, but it's hard to keep > them apart. Sorry about the rambly length. I'd appreciate any > thoughts. ... > Removing the Account's currency pointer. >

Re: currencies

2000-09-28 Thread Terry Boon
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 On Thu, Sep 28, 2000 at 09:20:29AM -0500, Bill Gribble wrote: >Other standards we should be aware of but I haven't tracked down >(referenced from the above software feature summary page): > >Statements of Standard Accounting Practice 2

Re: currencies

2000-09-28 Thread Charles M. Gagnon
There are also transfers between two accounts in different currencies. On Thu, Sep 28, 2000 at 11:35:56AM +1100, Leach, Chris J (Oakton) wrote: > Perhaps a better way to start is to look at the types of transactions > that involve multiple currencies and then at how to make them easier > to use.

Re: currencies

2000-09-28 Thread Bill Gribble
On Mon, Sep 25, 2000 at 01:49:17PM -0700, Dave Peticolas wrote: > This document presents some issues with respect to GnuCash and > currency handling. A few solutions are sketched, but mainly the > purpose of this document is to elicit feedback. A few things I have discovered which may or may not