The following article is one I came across in my professional group that I belong to and was published in their weekly magazine (AccountingWeekly). It showed how others are starting to grapple with the concept of forward looking accounts.  A subject material that I was working through in the 90’s already not because I was super intelligent or a forward thinker, but rather because I was trying to add value in my position as an accounting technician and I felt that the reports were too historical looking. My reason for my designing of the finance Logic-models was due to the

They invest in assets not resources! Many of you will now be saying “but all businesses do that when they acquire resources ” . The fact is that that’s not necessarily true. A RESOURCE is not always an Asset even though it looks like one and may even feel like one! Look at these resources acquired for an on line business start-up. Are they assets? The accounting paradigm of the definition of an asset is what is clouding many people’s view of what an asset really is and leading them to believe that ALL businesses are investing in assets when they

When I studied many years back one looked towards the educational institution, where you were planning to register to ensure that the qualification was worthwhile and would be recognized. There was often the view held that qualifications from certain institutions would almost guarantee you perfect success in the workplace. Some educational institutions were preferred to others by prospective students, especially for certain fields of studies. But I ask whether those days are over now? When employing certain skill sets the prospective employee’s institution of study is not even considered that critically anymore. It is not that important if your basic