Description
Book SynopsisPresents a system for relevant business reporting that has been implemented in more than 1,500 companies worldwide with great results.
Trade Review “…provides a useful framework for rediscovering the true value drivers of your business…” (
Financial Systems News Website, March 2007)
Table of ContentsPreface.
PART I: NEW REPORTING NEEDS FOR A NEW TIME.
Chapter 1: Accounting—Crisis or Crime?
The Accounting Tradition.
The Ethics of Accounting—Illegal, Immoral, or Indifferent?
A Case for Change.
The Value Mess.
Distorted Metrics.
Chapter 2: When Accounting Meets a New Reality.
The World in the Twenty-First Century.
Accounting and Accountability in the Fourth Economy.
How to Succeed in “The Age of Discontinuity”.
How to Succeed in an Age of Mind-Based Wealth Creation.
How to Succeed in an Age of Interdependence.
Chapter 3: The Search for Adequate Reporting.
The Need for Alternatives.
Early Efforts: The “Scorecards” Approach.
The Challenge in Practice: Combining a Broad, All-Inclusive Perspective with a Manageable Number of Factors.
Back to the Crucial Question: What Makes Companies Fail or Prosper in the Twenty-first Century?
Chapter 4: Transparent Reporting Based on Today’s Fundamentals.
Reporting to Support Performance, Disclosure, and Strategic Decision Making.
Why the Four Fundamentals?
Summing Up the Baseline Reporting Model.
PART II: IT CAN BE DONE!
Chapter 5: Business Planning in an Unpredictable World.
Business Planning and Enterprise Risk Assessment.
A Change of Perspective: Planning for an Unknowable Future.
“Money to Green”: Investing in Freedom to Act.
Executive Weekend.
Chapter 6: “Where Was the Board?”
A Five-Step Boardwalk.
The Baseline Approach™ to Corporate Governance.
Chapter 7: Due Diligence or Undue Negligence?
The Fine Line Between Success and Failure in Mergers and Acquisitions.
Wanted: A New Kind of Due Diligence.
Why Mergers Fail.
How Does the Baseline Approach to Due Diligence Work?
Chapter 8: Fair and Meaningful Disclosure.
Reporting and Communicating for Accountability, Reputation, and Relevance.
Transparency, Disclosure, and Relevance.
A Matter of Restoring Confidence.
The Baseline Approach to Fair Disclosure and Meaningful Corporate Reporting.
Chapter 9: Auditing and Risk Management in a New Situation.
Risk Analysis and Management in Unpredictable Times.
How Serious is the Auditing Crisis?
The Baseline Approach to Auditing and Risk Management.
Chapter 10: “What Are We Lending Against?”
Financing, Lending, and Investment Decisions in the Fourth Economy.
Accountability in Lending and Financing.
The Baseline Approach to Lending and Financing Decisions.
Index.
