Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 26 May 2020
Accounting Symmetries on Indonesian Entities by Applying the Edgeworth’s Box
Miguel Angel Pérez Benedito
Universidad de Valencia, Spain
Download Full-Text Pdf
10.31014/aior.1992.03.02.238
Pages: 795-810
Keywords: Symmetry Accounting, Accounting Methodology, Accounting Analysis, National Accounting
Abstract
Decisions making of entities in an economy are materialized into transactions to transform economic goods into monetary goods, maintaining a continued management of the corporate activity. The transformation of economic goods into monetary ones is a <<mutatis mutandis>> effect in which entities of the economic and financial market interfere with different impact in their respective financial statements. In accordance to the economic situation of the market, we can make a bigger/smaller association between such entities. This association is susceptible of being represented by accounting symmetries. Accounting symmetries are obtained to measure the positions taken by entities in an Edgeworth’s Box. The entities that are object of study in this manuscript are banking entities, non-financial entities, and the entity-State, which represents the position of the Indonesian economy in the Edgeworth’s Box. Later, the manuscript visually analyses the accounting symmetries between banking and non-financial entities, shorted by economic sectors.
References
Banco de España. (2019). Statistical Bulletin. December 2019. http://www.bde.es/bde/en/.
Eurostat (2008). Statistical classification of economic activities in the European Community. NACE Rev. 2. http://europa.eu.
Krugman, P.R, & Obstfeld, M. (2006). International economics: theory and policy. Madrid. Pearson Educación, S.A.
Krugman, P.R. (1999). International Capital Flows. Chapter 8. Currency Crises. University of Chicago Press http://www.nber.org/books/feld99-2.
Lequiller, F. and D. Blades (2014), Understanding National Accounts: Second Edition, OECD Publishing. http://dx.doi.org/10.1787/9789264214637-en.
Ministro de Industria, Comercio y Turismo. Instituto Español de Comercio Exterior (ICEX). Oficina Económica y Comercial de España en Yakarta. Informe económico y comercial de Indonesia 2016. http://www.comercio.gob.es/tmpDocsCanalPais/49CCEF48D535B1BFAD9BCB5E44522836.pdf.
Pérez Benedito, M.A. (2014). Accounting Analysis of Economic Policy of Spain (2012). Theoretical Economics Letters. Vol.4 No.3(2014), Article ID:45292,8 pages. DOI:10.4236/tel.2014.43035.
Pérez Benedito, M.A. (2015). The Accounting Analysis of Banking Company: The Case of CAM. Vol.06 No.02(2015), Article ID:53829,10 pages. DOI.10.4236/me.2015.62015
Pérez Benedito, M. A. (2019a). Un análisis de simetrías contables en el IBEX 35. Revista de Encuentros Multidisciplinares, 62 (2019): 1-11. http://hdl.handle.net/10486/688492.
Pérez Benedito, M.A. (2019b). Accounting Application over the Edgeworth’s Box to Assess Banking Activity in Southeast Asia Countries. Journal of Economics and Business. Vol.2, No.1, 38-54.. DOI: 10.31014/aior. 1992.02.01.65
Pérez Benedito, M. A. (2020). A propósito de Margarita Salas: genética, comportamiento socioeconómico y simetrías contables.Revista de Encuentros Multidisciplinares, 64 (2020). http://www.encuentros-multidisciplinares.org/revista-64/miguel_angel_perez_benedito.pdf.
United Nations, (UN), (2009). System of National Accounts, 2008 (2008 SNA). https://unstats.un.org/unsd/ nationalaccount/docs/SNA2008.pdf.
United Nations, (2008). Department of Economic and Social Affairs. Statistics Division. International Standard Industrial Classification of all Economic Activities. Revision 4. https://unstats.un.org/unsd/publication/ seriesM/seriesm_4rev4e.pdf
Williamson, O.E. (2005).The Economics of Governance. American Economic Review, 95 (2), 1-18.
Williamson, O.E. (2010). Transaction Cost Economics: The Natural Progression, American Economic Review, 100, 673-690.