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Accounting Games: Using Matrix Algebra in Creating the Accounting Models
Version 1
: Received: 23 July 2018 / Approved: 24 July 2018 / Online: 24 July 2018 (05:01:28 CEST)
A peer-reviewed article of this Preprint also exists.
Vysotskaya, A. Accounting Games: Using Matrix Algebra in Creating the Accounting Models. Mathematics 2018, 6, 152. Vysotskaya, A. Accounting Games: Using Matrix Algebra in Creating the Accounting Models. Mathematics 2018, 6, 152.
Abstract
The aim of this paper is to show how the mathematical basis is used for a precise treatment of double-entry bookkeeping, which was firstly developed in the nineteenth century by Sir William Rowan Hamilton. This is done by using basic notions of matrix algebra with the roots to the idea of using ordered pairs. We also reveal how the complex numbers and the rationals (fractions) developed in a mainstream of accounting science and became a leading platform for the ongoing processes within the Industry 4.0. The paper concludes with the examples on how accounting operations can be represented by matrix equations with a result of the essential report generating. The author represents a mathematical model of accounting which is independent of the specific existential forms but is capable to undertake the form of any of them and thus has the prospect of being understood and accepted by specialists globally.
Keywords
matrix algebra; accounting; industry 4.0
Subject
Computer Science and Mathematics, Algebra and Number Theory
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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