Accounting for people

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People are our most important asset” Right! So why don’t we “account” for them like we do for cash? … and the same for other key assets, too, like customers and products? The closest we get to any of these is to occasionally recognise some pseudo-financial value, as in capital assets, but we need to know what is happening to these critical resources in their own terms.

UK Business Secretary Sajid Javid just got in hot water for lamenting that, on a balance sheet ...

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