Momentum accounting and triple-entry bookkeeping is an alternative accountancy

Accountancy

Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...

 system developed by Yuji Ijiri

Yuji Ijiri

Yuji Ijiri is a retired accounting researcher and educator. He was the Robert M. Trueblood University Professor of Accounting and Economics at Carnegie Mellon University until his retirement on June 30, 2011....

 and is the title of the 1989 monograph that he wrote. It is hard to imagine alternatives to the universal system of double-entry bookkeeping, but this is one.

In regular, double-entry bookkeeping, changes in balances such as earning revenues and collecting cash are recorded. These events are recorded with two entries, usually a debit and a credit, assigned on a given date.