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Expand to support GAAP standard #26

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rht opened this issue Jun 3, 2018 · 2 comments
Open

Expand to support GAAP standard #26

rht opened this issue Jun 3, 2018 · 2 comments

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@rht
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rht commented Jun 3, 2018

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@siebenbrunner
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What extension did we have in mind here?

@siebenbrunner
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My question is: is there anything that we are currently missing to implement e.g. a US-GAAP system? The only thing that we currently don't do is that we don't separately list other comprehensive income (that's income that by convention isn't shown on the P&L). But I wouldn't change that, because that's just a matter of how things are displayed. And there are a lot of things that should come first if we want to change how things are displayed: currently our balance sheet simply consists of all stock accounts and the P&L of all flow accounts. In practice, both would show a much more stylized picture, aggregating several accounts into one. I didn't include that on purpose because: a) it wouldn't have any impact on the results, b) it would make the syntax much more complicated and c) it's pretty irrelevant for the typically quite small and stylized accounting systems that you have in ABMs.

I'd suggest closing this issue, unless there is something specific that we want to add that I haven't thought of now.

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