Globally recognised RISK RETURN relationship in investing and financial advice sector is incomplete and one sided at best. Risk only measures the potential for investment loss in a period, whilst return is only concerned with money made or lost on an investment over some period of time. Should the new frontier read RISK, RETURN & IMPACT? Do we need to measure the Impact (value) on stakeholders alongside Risk and Return (price) to shareholders?
Read MoreIn just under 3 minutes Keith Ambatchscheer of the International Integrated Reporting Council explains the main principles and concepts.
Read MoreThe limitations of today’s current economic systems have been recognized, discussed and researched for many years by economists. Economists call this issue externalities. Externalities are the consequences of economic activity which affects customers, and other parties without the effect (both positive and negative) being incorporated in the price of goods and services.
Read MoreEconomic and accounting story telling is only two thirds complete, and it is the missing one third which is so valuable.
The price of a good or service is easily defined as the dollar amount a purchaser and a buyer agree on. The value of a good or service is the value (or lack of value) of the outcomes of being supplied with the good or service.
Read MoreThe paradox of profit is that a larger profit appears to be good for the owners of the organization as the result of a profit is that the Net Assets of the organization (Net Assets minus Net Liabilities) has increased by a greater amount. However, where the current year profit is the result of management pushing risk into the future and pushing extra risks and costs on to customers, suppliers and employees and society then the current year profit is illusory.
Read MorePrice is not always equal to value and the financial statements we use only make this more confusing and misleading. We take a look at how you can account for value as well as price in your financial statements and how that will benefit your organisation.
Read MoreNot For Profit organisations need to be financially stable while also maximising the impact they have on the community they support. We'll explain just how you can show this in NFP reporting...
Read MoreWe explain the differences between Not For Profit and For Profit accounting and the considerations you need to take into account when preparing NFP financial statements.
Read MoreClimate change is only becoming more of a crisis so how can we implement sustainable businesses practices? We look at making environmentally sustainable decisions that benefit both your business and the environment.
Read MoreIt’s been over 50 years since the great Senator Robert F Kennedy’s spoke on 18th March 1968 at the University of Kansas where he outlined why the current use of economics growth as a measure of success is fundamentally flawed. His words are as true today as they were then.
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