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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Integrated Reporting Framework: not good enough

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See video on what is possible, from May’13 + Linked-In discussion. The IIRC launched its much heralded IR Framework <IRF> last night with a grand event at London’s Mansion House, introduced by Prince Charles and the Lord Mayor, and attended by the great and good from the corporate reporting world. Unfortunately, no significant movement has happened ...

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Integrated Reporting and tackling short-termism

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KPMG are amongst a large group of accounting firms and regulators involved in the International Integrated Reporting Council www.theiirc.org. The Council is working on guidelines for how companies should report information that more effectively explains to investors and other stakeholders how the business works. This, it is hoped, will enable better understanding of a firm’s performance and prospects, and tackle the issue of “short termism” amongst management and investors that is believed to be widespread and problematic. The guidelines ...

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