Referring to the 2010 nobel prize in economics, market with search frictions, I think in accounting every transactions whether internal or external has a friction and should be journalled.
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Good Frictions are for the sake of keeping chaos out, bad friction facilitates chaos.
Primordial Chaos contains order also, Enemy Chaos are only about resistence against what's good
Too crazy choice of words? in terms of accounting primordial chaos is like petty cash, or clusters of COGS, or what falls outside of materiality, among others. Enemy chaos is like material misstatements or fraudulent reporting.
So for those who are not familiar with these, I hope I could give a point of view about the intensity of the triangle strategy of confirmations and why it's worth it (and even more).
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Primordial Chaos also bigger, like the country's political influence on the company, the health of the people in the company, etc.
Good Frictions actually is about wisdom, you could say innovation kind of is a manifestation of it. With the accounting of administrative frictions hopefully we could facilitate all kinds of innovations from the point of view of the articulated financial statements
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