A new perspective on the firm's patrimony with strong implications for the concept of Liabilities in accountancy

摘要

This article is meant to reinterpret the balance equation of the Patrimony, which, in accountancy, appears under the form: Economic goods = Rights + Obligations. Any book about the Foundations of Accountancy presents in the chapter "The Object of Accountancy", the patrimonial equation mentioned above. We state the following affirmation: in the accountancy of a firm, everything is thought over from the point of view of the respective firm. However, this small detail seems to have been overlooked by authors of accountancy manuals when they presented the equation mentioned above. And we observed that this small detail attracted a lot of confusion even among people with many years of experience in accountancy. This article will offer a new point of view regarding the concept of a firm's Patrimony.