The Financial Times Rocks

I’m on the plane on the the way to Nice as I write this. ( I’m using the windows live writer as  my new blogging frontend. Cool tool)  I’m meeting with Shell, BASF,  Siemens,  JTI, Tetrapak,  Renault, TeliaSonera, Danfoss,  and Henkel  to discuss and debate HR shared services.   Shared services is well on the way to being the main mechanism for delivering HR administrative processes.  There is a growing process mentality in HR today, and this is good news.  More on that on the flight back.

I  picked up the paper as  I boarded the plane, because I left the novel I really wanted to read at home.   In today’s FT I read several interesting articles. 

Accounting-

A  new proposal from the accounting firms, suggesting that we move away from quarterly reporting to real time reporting.  There is dissent about IFRS, Lord Browne of BP commenting.

some would argue that IFRS neither produce a record of the accountability of management nor a measure of the changes  in the economic value of  the assets and liabilities. I would agree with them. What IFRS actually does is make our results more difficult to understand

KMPG etc would like to replace the quarterely reporting with real-time Internet based reporting. This would, they suggest, enable investors to gather information whenever they want it. I look forward to reading the report and seeing what Dennis and other accounting types have to say about it.

We all talk about blogging as a real time dialogue, but imagine if the financials of a  company were the same.  The systems implications of such a change would be considerable, but if I would make the market more transparent then I’m all for it. Some bloggers I know will  moan about the cost of it all.

Microsoft

Bill Gates continues to impress me. 

According to Mr Gates, tech companies have made the mistake before of believing in overnight transformations.

When it comes to back office ERP, we’ll have some things on-premise and somethings published out on the web. We think few companies will be  purely on premise, or purely on the web.

Sounds like Microsoft and SAP both worship at the Hybrid Church.  

Livedoor

Japan’s financial reporting scandal. Mr Horie sounds just like the US CEO’s in court. …I know zip about accounts. Blame my CFO. “I never studied accounting, A management book I read said to leave that to the specialists, so that’s what I did.” hmmmm. 

other stuff

TCO, Romanian innovation,  Where are all the women in IT,  How to guess a password, Strategic IT consultants,  a full page advert from Novell and Micrsoft declaring undying love, technical woes at the LME, and a funny quote about Google.

“I can offer one straw for Yahoo to clutch at though. As I type this in Google Docs, “Google” is still showing up as a spelling error.”

The FT rocks.  I’d even buy it.

 

 

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