| Today, in the age of the computer, financial decision-makers must still rely on corporate reports that are months old and limited in their scope. While industrial processes and military weaponry are controlled by real-time information, the managers and investors in our economy must depend upon last quarter's financial reports to determine the direction that they give to capital. The reason why financial information is so limited and untimely is that the preparation of financial reports has not essentially changed with the invention of the computer and the information revolution that has followed in its wake. Modern accounting is based upon a model that was invented over five-hundred years ago and has evolved little since that time.The author of this book reexamines the traditional accounting model and shows why, regardless of the technology available, it will always be irrevocably limited to a quarterly reporting cycle and will never be able to provide information on a timelier basis. He offers an alternative model that, while meeting all of the standards of traditional accounting, is able to provide a complete analysis of a company's finances on a daily basis. The author shows that it is possible to have a single flexible software program that can be adapted to different business models and can provide its users with real-time financial decision support. See 21st Century Financial Analysis in Action as www.verator.com. Related Blogs: |
