80% accounting-free! That's the promise of the business reporting model outlined in Performance-Based Reporting: New Management Tools for Unpredictable Times. After studying over 1,500 businesses, the authors concluded that the accounting model in use now - which is close to 500 years old - doesn't offer an accurate picture of a company's health. They propose a new set of performance-based indicators that they claim produces information that is more transparent, reliable and relevant that what the current model offers. At the very least, their innovative approach should get you thinking critically about the way businesses report now.
All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.