When Debits Don't Equal Credits
|
|
Presented by
|
This workshop is different––radically different. It is designed to generate thinking and discussion among executives about the significant changes, trends and demographics facing the future of the standard accounting financial statements.
Objectives
- Explore the major trends already altering the future of the accounting profession
- Learn why the current accounting model, over 500 years old, is in need of renovation and innovation––and the proposals to do it
- Understand the three alternative paths the accounting can go down
Major Topics
- A brief history of the accounting profession
- The Old Business Equation vs. the New Business Equation––why Generally Accepted Accounting Principles (GAAP) are increasingly becoming irrelevant
- The Knowledge Worker owns the means of your firm’s production, and what this means for how we measure their effectiveness
- The gap in GAAP, the invisible balance sheet, and why debits don’t equal credits in an intellectual capital economy––and how your firm can capitalize on this enormous opportunity
- Why canaries are more valuable than accountants––leading versus lagging indicators and the Alternative Financial Reporting Model endorsed by leaders in the accounting profession
- What economists have to say about the value of an audit, accounting and regulatory reform, and the promulgation of accounting standards
|
Suggested Attendees: Business executives, small business owners, finance professionals, and entrepreneurs
|
|
|
