I suspect that accounting is sufficiently well-optimized that a rationalist take on it would be a waste of time. Most of the questionable decisions made in the field are due to overlaps with the madness-inducing world of tax law or the simple fact that the future is uncertain and assessing an object’s value other than through a cash sale is expensive. But double-entry bookkeeping and assets-liabilities=equity aren’t ever going to change.
I suspect that accounting is sufficiently well-optimized that a rationalist take on it would be a waste of time. Most of the questionable decisions made in the field are due to overlaps with the madness-inducing world of tax law or the simple fact that the future is uncertain and assessing an object’s value other than through a cash sale is expensive. But double-entry bookkeeping and assets-liabilities=equity aren’t ever going to change.