Material balance planning
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(Redirected from Material balance accounting)
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Material balance accounting is a form of accounting where natural units, expressed in physical quantities as opposed to money, are accounted for and used in a material balance plan. Material balancing involves balancing inputs without output requirements in terms of natural units. Material balance planning consists of a central planning board specifying a list of inputs required to produce one unit of output and then balances outputs and inputs so that there is a balance between supply and demand.[1] Material balance planning was utilized in Soviet-type planned economies. Although it never replaced financial calculations, material balances became an established part of Soviet planning.
See also [edit]
- Analysis of Soviet-type economic planning
- Calculation in kind
- Material Product System
- Economic planning
- Socialist economics
- Supply-side economics
- Planned economy
References [edit]
- ^ Comparing Economic Systems in the Twenty-First Century, 2003, by Gregory and Stuart. ISBN 0-618-26181-8. "Material Balance Planning", (P.127)
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