Great story over on Bloomberg about how Josiah Wedgwood created the modern accounting system for the factory era: "How a Potter Took Accounting Into the Industrial Age".
Wedgwood’s products became so popular that he could charge high prices and the profits rolled in. But during an economic downturn in 1772, demand for the vases slackened. With serious cash-flow…Continue
For the past 6 months or so, I have been serving as an advisor to the International Integrated Reporting Council (IIRC). The goal of the IIRC is "to create the globally accepted International <IR> Framework that elicits from organizations material information about their strategy, governance, performance and prospects in a clear, concise and comparable format." The…Continue