The ValueReporting Revolution: Moving Beyond the Earnings Game

Book Description

Provides a comprehensive framework for achieving higher levels of corporate information disclosure and transparency
In order to decide whether or not a company is a good investment, analysts and investment professionals need to know as much as possible about the company's tangible and intangible assets, as well as a variety of critical performance measures. Written by an international team of experts, The Value Reporting Revolution clearly explains why corporations must move toward greater transparency and, more importantly, it provides a comprehensive framework for achieving that goal. Among other important lessons, readers learn how to identify the gaps between how corporate managers perceive their disclosure practices versus how the markets see them, as well as how to leverage their organizations' electronic communications technology and tools to ensure easy access to vital information and more meaningful data analysis.
Robert Eccles (Jupiter, FL) is President of Advisory Capital Partners, Inc. Robert H. Herz (New York, NY) is a Partner at PricewaterhouseCoopers, US. David Phillips (London, UK) is a Partner at PricewaterhouseCoopers, UK. Mary M. Keegan (London, UK) is head of Global Corporate Reporting at PricewaterhouseCoopers, UK.

Customer Reviews:

Good "second book" on accounting reform.......2002-08-01

If you want to learn about accounting scams, you probably need Mulford and Comiskey, The Financial Numbers Game. But for a broader view of the virtues and limits of accounting, Eccles and company have a lot to offer. You can skip or skim the somewhat overhyped stuff about the "ValueRevolution" itself (note that three of the authors come from PricewaterhouseCoopers, where they seem to be having some trouble with their space bar, or spacebar). Keep your best brain cells for chapters three through eight, where you get a look at the earnings obsession -- and just as useful, a suggestion of what investors really need and want. Note that one of the co-authors (Robert H. Herz) is the new head of the Financial Accounting Standards Board).

Fantastic ! A must read ! Breakthrough thinking !.......2002-03-29

I have purchased several books on amazon.com, but I must say that this is one of the best ones I have read so far ! This is exactly the sort of book management in companies worldwide should be reading ! I live and work in Tokyo, and I think the Japanese public companies here could learn so much from this book ! Corporate reporting here is very poor, especially in the banking sector(horrendous !), and investors do not take them seriously anymore. Public companies here should improve their corporate reporting and utilize the capital markets more, and the first thing they need to do is to regain the trust of their
shareholders. In other words, they should read this book cover to cover right away ! The people who worked on this book, like Mr. Matthew Wissell, who leads the Value Reporting practice in PricewaterhouseCoopers' New York office, should be highly commended for such a fine piece of work !

Fantastic ! A must read ! Breakthrough thinking !.......2002-03-29

A Call to Arms.......2001-04-07

"ValueReporting" smoothly describes many broken financial reporting processes, including "whispering", a time-consuming process that CFOs play with analysts, where CFOs "whisper" their earnings expectations to the analyst, making the analysts appear intelligent. A great deal for the analyst cause they don't have to do any real analysis. If the CFO does not play this game, they risk the wrath of Wall Street.

The problem with this is that it is in violation of the spirit (if not the law) of the yet to be enforced SEC Fair Disclosure Act which states that Sally Q. Public gets to know material information the same time that John Q. Analyst does.

"ValueReporting" does offer a practical solution through XBRL technology. As a member of XBRL.org I strongly agree with the authors that if business reporting, both financial and non-financial, is standardized, Web technologies are in place to distribute this information uniformly to all investors and in a richer format than at present. With the gentle prodding of regulatory agencies like the SEC and FDIC, this will happen sooner rather than later. Let's hope that SEC Chairman Unger reads this book, and fast.

For me as a consultant and a technologist "who can spell XBRL", The ValueReporting Revolution was a call to arms to apply my knowledge to the inequities of financial reporting. Helping clients sell their wares over the Web is nice, but to level the financial playing field for small companies as well as large, for the small investor as well as the institutional, is ennobling. And forcing Wall Street analysts to actually work for a living, would be, well, just icing on the cake.

Pass Go & collect $200 for this short cut to the future.......2001-03-14

First I should explain that I'm not a neutral reviewer: I have known one of the authors of this book (Bob Eccles) ever since he woke some of us up with his HBR article "The Performance Measurement Manifesto" almost ten years ago, and I've also met another of the authors (David Phillips) in the last year. Coupled with that, some of the work of my company (Metapraxis) on Business Driver Diagrams is mentioned in Chapter 1. I mention these points up-front in the interests of transparency, which is a core theme of the book itself.

The book's thesis is that the investors of the future will reward companies for such transparency - in other words, those companies that understand, measure and publish information about leading indicators such as growth of market share as well as lagging indicators such as profit will be better rated than their competitors, other things being equal.

This is pretty controversial stuff. After all, if you're the CEO or CFO of a major global multinational that's just announced on-target quarterly earnings, but your (currently confidential) internal leading edge indicators say that your market share is starting to fall, how exactly are your investors going to react if you decide to be brave enough to tell them all about it?

There is clearly something of a problem here and I refer to it as the Paradox of the World's Bravest Customer. You don't know who that was? I think it was the guy who bought the world's first fax machine. Think about it.

So undoubtedly there'll be some short-term pain for the pioneers, but once the markets start to see that a core group of innovative firms has the courage to disclose this kind of information (whether good or bad) then it's obvious that this disclosure will reduce the risks involved in these investments. And as John Maynard Keynes pointed out in 1910:

"What would be a risky investment for an ignorant speculator may be exceptionally safe for the well-informed expert. The amount of risk to any investor practically depends, in fact, upon the degree of his ignorance respecting the circumstances and prospects of the investment he is considering." *

The book is all about the revolutionary implications that follow through from this 90-year old observation. Whether you agree with the thesis or not, it will change the way you think about corporate information, business management and investor relations. I recommend it highly to CEOs, CFOs, IR heads, financial analysts and auditors, business school students and indeed to anyone embarking on a career in these areas.

Robert Bittlestone: Managing Director, Metapraxis - London & New York

Book Description

Oriented toward concepts rather than procedures and based on materials which have appeared in previous publications with a major portion taken from the author's experiences. Reflects the author's perspective on the financial reporting environment and based upon two major sources of experience, research and institutional. The third edition of Financial Reporting: An Accounting Revolution has been revised to include the Feltham-Ohlson framework and a discussion of key features of financial reporting. It acknowledges recent research incorporating balance sheet as well as earnings variables. It also reflects recent empirical research that adopts a balance sheet perspective. An essential reference for all financial professionals, including analysts, regulators, and managers.

Financial Reporting: An Accounting Revolution (Prentice-Hall Contemporary Topics in Accounting Series)

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Financial Reporting: An Accounting Revolution (Prentice-Hall Contemporary Topics in Accounting Series)
William H. Beaver
Manufacturer: Prentice Hall College Div
ProductGroup: Book
Binding: Paperback
ASIN: B000OIQW96

Book Description

Collaborative manufacturing is an interactive process with great potential, but without the direct input of the plant floor systems information, a significant piece of the management process is not available for consideration. Collaborative Manufacturing provides guidance and examples of how and why real-time events within the plant floor management infrastructure should be an integral on-line systems link within the supply chain process. The text presents an overview of the resources planning systems, the design and management of plant data systems, including manufacturing execution systems and methods for calculating ROI when applying collaborative techniques. This professional how-to-guide will help end users understand the significant benefits of this technology and aids them in system design and implementation.

Customer Reviews:

Collaborative Manufacturing.......2003-03-25

I have been searching for a description of manufacturing collaboration to understand the concepts. This book has given me a very definitive understanding of a range of possibilities and shows how various industries are applying collaboration ideas. The book is well researched and provides excellent reference information for anyone desiring to understand the underpinnings of collaboration in its various forms.

Path Forward to Business Improvement.......2003-02-14

The author has done a marvelous job in defining the Collaborative Manufacturing environment, describing the best practices of what companies are doing today, and "painting the picture" of what Collaborative Manufacturing may be in the future. This is a must read book for those who are looking for practical methods to improve the overall customer order fulfillment process.

solid introduction to manufacturing issues.......2003-02-04

Collaborative Manufacturing is a solid over view of the important issues facing today's manufactures. The book covers the entire manufacturing spectrum, batch, continuous, discrete, as well as real world examples in the automotive, life sciences, electronics and process industry. It also provides definitions and context for the various acronyms used in the different industry segments. This book should be required reading for anyone wishing to work for or sell to manufacturing companies.

We are in the process of starting a small tools company. We believe a collaborative demand activated manufacturing strategy is the best path to success. We believe the book will be of great assistance in helping build a company that takes advantage of technology and collaborative strategies.

Book Description

On the occasion of the 50th Anniversary of the multilateral trading system (GATT/WTO), the WTO organized a symposium to discuss and analyze the current and future role of the world trading system.

The rapid developments in the last decade -- not only political, but also economic and technological changes -- have brought the WTO to a turning point in its existence. The new challenge, as the Director General stated in his Opening Remarks at the Symposium, is not just to advance free trade against the forces of protectionism. The WTO's future agenda should also look at how investment and competition laws affect market access; whether differing labour or environmental standards confer a trade advantage and how this should be dealt with; whether taxation and innovation policies constitute a subsidy; whether governments should be allowed to regulate content on the Internet. These and other issues are a world away from `traditional' trade concerns such as tariffs or quotas, and yet all are included, in one form or another, on the new trade agenda. In this timely and topical collection of essays, important academics in international trade take a fresh look at the future of the global trading system and give a fascinating analysis of the new trade agenda.

Customer Reviews:

broad array of hearty recipes.......2002-04-05

If you want a cookbook that features hearty recipes, you need look no further than "A Glorious Harvest." Not only does it feature great recipes, it is also beautiful. I usually don't keep cookbooks (I check them out of the library) but this book is so appealing that I am tempted to get my own copy.

"A Glorious Harvest" is divided into sections based on where the main ingredients come from (examples: "The Pasture;" "The Orchard"). There are a lot of unique recipes. The section on Game is especially useful.

The only weakness I see in this book is that it only gives a few recipes for each type of food. Yet this is excusable when one considers the broad array of foods presented. The paper bag potatoes recipe alone is worth the price of the book.

I recommend "A Glorious Harvest" highly.

Visually Stunning Photography..........2001-06-15

I could really just leave this cookbook open on page 212-213 because the pictures is so beautiful and would inspire anyone to make Savarin.

It is a pity they don't have a picture here of this book. It is quite visually pleasing. Henrietta Green reclaims some of the unbridled joy of preparing luscious cuisine from fresh, full-flavored ingredients and it shows in the photography and watercolor sketches. The headnotes are also interesting to read and I would say this is a cookbook collectors find. This is one of those coffee table cookbooks you will want to drag into the kitchen as you are inspired.

This is a rediscovery of the rich, true flavors of nature's bounty. Henrietta Green's true passion for food is shown by her delightful anecdotes from her countryside travels. While the poultry and game section may sound a bit exotic to some, you might even start to mail-order a few items so you can try some of the recipes.

The Pickles, Preserves and Sauces chapter is very unique and boasts a selection of wonderful sauces and jams. The basic recipes will be a new cooks dream. You can learn how to roast a chicken or make a basic pie pastry. The desserts include hard-to-find recipes for Tarte Tatin, Pears in a Brioche, Clafoutis and Black Currant Sorbet. A recipe for Lavender Ice Cream got my attention. In the winter, there will be many soups to try.

I just fell in love with this cookbook because it also has such a European flair. This is a U.S. edition but the cookbook was originally published in 1992 in London.

Book Description

Harness the therapeutic powers of food. Far more than a cookbook, this beautifully photographed guide will help you optimize your health--deliciously. More than 60 delectable recipes satisfy a wide variety of tastes and needs, and include tasty appetizers, entrees for vegetarians as well as for meat eaters, side dishes, drinks, and desserts. Start off your day with a hearty breakfast of Buckwheat Pancakes. Get a lift at lunchtime from Black Bean and Roasted Tomato Soup. For a nutritious snack, try a Chocolate, Cranberry, and Walnut muffin. Plenty of sidebars offer cooking tips as well as information on various ingredients. An extensive directory describes types of nutrients and their sources as well as presenting the healing qualities of various foods, along with advice on buying, storing, and preparing them.

Customer Reviews:

Very nice selection of healthy dishes with ethnic touches.......2003-08-01

This was given to me as a gift. It isn't the kind of cookbook I would normally grab off the shelf... But it is a quite beautiful cookbook in a quiet and gentle sort of way. The spicing to me seems to slant towards the asian in some recipes, the tex-mex in others and indian in others. So there is a nice balance. The beginning is an intro to heathy eating with a more holistic approach...not nutrition per se...but integrating your diets with relaxation, energy, diets of the world, etc. A nice change from rants about sodium intake.

The chapters are nicely titled. Breakfasts are called *gentle awakenings* Nice ambiance, if you ask me. The only place that this didnt work for me was with the vegetarian chapter... which was titled *kind cuisine*...I was put off by this. I like vegetarian cuisine. eat it alot...but I also eat meat and I'm guessing that is *un-kind cuisine*? That bothered me...I can see that slant working in an all vegan cook book but in a mixed-marriage cook book, it seemed out of place.

So far I have tried Sea vegetable, carrot. snow peas and rice noodles (gotta love that sea weed!) and a few things I rarely try...beverages. Lime flower tea (WOW!)...and hot cider vinegar with honey (dont know what possesed me, but i loved it). There are many color pictures in this book of prepared items and they are very attractive in a healthful looking, not food stylist sort of way. Very nice.

The book is more square than flat and is a paperback. The cover is wipe-able and the pages are more wipe-abel than the usual paperstock...more on the glossy side than not(BRAVO!). The font is a bit small and a bit light for my tastes... I think if they made it bolder of darker there would have been a read-thru problem to the next page... It lies flat (EXCELLENT!)
There are some tastful drawings and graphics through out this book. Nothing that detracts from the lovely photos, nothing garish. Thankfully, no cartoon tofu running from the happily confused house wife.....

Overall this is a very nicely constucted cookbook. Very classy, with some excellent recipes. Perhaps not for a *brand new* cook...but not over complex either... A nice mix of vegetarian (kind) cuisine and meat (un-kind) cuisine...

Average customer rating:

Helpful, informative. Must buy!

a dietors best friend

A helpful guide

The Enlightened Eater's Whole Foods Guide: Harvest of power of phyto foods
Rosie Schwartz
Manufacturer: Penguin Global
ProductGroup: Book
Binding: Paperback

General | Cooking, Food & Wine | Subjects | Books
Healthy | Special Diet | Cooking, Food & Wine | Subjects | Books
Natural Foods | Cooking, Food & Wine | Subjects | Books
General | Diets | Diets & Weight Loss | Health, Mind & Body | Subjects | Books
Whole Foods | Special Conditions | Diets & Weight Loss | Health, Mind & Body | Subjects | Books
Antioxidants & Phytochemicals | Nutrition | Health, Mind & Body | Subjects | Books
Similar Items:

The New Whole Foods Encyclopedia: A Comprehensive Resource for Healthy Eating

Accessories:

Tanita BC533 Glass Innerscan Body Composition Monitor

ASIN: 067004363X

Book Description

We all know how important it is to eat a healthy diet that includes plenty of vitamins and minerals. But most of us know very little about an important group of substances known as phytochemicals-the compounds in plants that give them their colour, flavour and even aroma-and the latest research indicates they are capable of much, much more when integrated into our everyday diets. When consumed correctly, phytochemicals may reduce the risk of heart disease, cancer, osteoporosis and many other common yet serious ailments. Rosie Schwartz, one of Canada's best-known nutritionists and a registered dietitian, first explains the nutritional science behind phytochemicals, then goes on to discuss how we can best incorporate "phyto foods" into our daily diet.

Customer Reviews:

Helpful, informative. Must buy!.......2005-11-11

I checked this book out from my local library and was glued to it for the full three weeks. I copied down many of the recipes and use them often. Now I realize that I must own a copy! The information in this book is too important to my family; we need it as a reference tool. I have been studying nutrition and health for years but learned more from this book than anywhere else.

a dietors best friend.......2005-01-26

This book is truly a gift to share with others. Just like my new beverage of choice that replaced my morning brew. Its called s oyfee and taste so wonderful with no caffeine or acids. Organic and made from soya! Bye bye acid stomach and hello healthy tummy! Google it under "acid free coffee"

A helpful guide.......2003-09-06

Rosie Schwartz's book has great recipes and makes great sense of the world of healthy eating. I really enjoyed her casual narrative and her great and original recipes.

Navaho Symbols of Healing (A Harvest/Hbj Book)

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Navaho Symbols of Healing (A Harvest/Hbj Book)
Donald Sandner
Manufacturer: Harcourt
ProductGroup: Book
Binding: Paperback

One-Minute Prayers for Healing (One-Minute Prayers)

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One-Minute Prayers for Healing (One-Minute Prayers)
Harvest House Publishers
Manufacturer: Harvest House Publishers
ProductGroup: Book
Binding: Paperback

General | Religion & Spirituality | Subjects | Books

Prayer | Spirituality | Religion & Spirituality | Subjects | Books

General | Religion & Spirituality | 4-for-3 Books Store | Stores | Books

All 4-for-3 Deals | 4-for-3 Books Store | Stores | Books
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ASIN: 0736918817

Book Description

Daily prayers lead those who need physical or emotional healing to God’s presence. When questions and hurts rise up in the hearts of readers, these devotional thoughts will ease their worries and encourage them to—

seek God’s love and fulfillment
invest in prayer and meditation
discover support from God and others
journey with peace and joy
rest in the Lord’s protection and care

This addition to the popular One–Minute Prayers series is ideal for those who are weary and in need of inspiration and assurance. Each devotion provides a sanctuary of reflection and hope for anyone facing a trial or time of need.

Echinacea: How to Grow, Harvest, & Use This Amazing Flower to Fight Colds, Flu, & Infection by Boosting Your Immune System (Healing Plants Series)

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Echinacea: How to Grow, Harvest, & Use This Amazing Flower to Fight Colds, Flu, & Infection by Boosting Your Immune System (Healing Plants Series)
Bryce Finley
Manufacturer: B. Finley
ProductGroup: Book
Binding: Paperback

General | Nutrition | Health, Mind & Body | Subjects | Books

Herbal Remedies | Alternative Medicine | Health, Mind & Body | Subjects | Books

ASIN: 1896245005

Average customer rating:

Harvest of Healing Foods
Christine McFadden
Manufacturer: ANOVA (CHRYSALIS)
ProductGroup: Book
Binding: Paperback

General | Cooking, Food & Wine | Subjects | Books

Healthy | Special Diet | Cooking, Food & Wine | Subjects | Books

Natural Foods | Cooking, Food & Wine | Subjects | Books
ASIN: 1843335859

Average customer rating:

Harvest of Health
Gloria Copeland
Manufacturer: Kenneth Copeland Publications
ProductGroup: Book
Binding: Unknown Binding

General | Personal Health | Health, Mind & Body | Subjects | Books

Mental & Spiritual Healing | New Age | Religion & Spirituality | Subjects | Books
ASIN: 0881148415

Harvest of Light: a Pilgrimage of Healing

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Harvest of Light: a Pilgrimage of Healing
kay poulton
Manufacturer: Regency P
ProductGroup: Book
Binding: Unknown Binding
ASIN: B0000COCMS

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Healing Harvest
Michio Kushi
Manufacturer: One Peaceful World Press
ProductGroup: Book
Binding: Paperback

General | Gardening & Horticulture | Home & Garden | Subjects | Books

Family Health | Parenting & Families | Subjects | Books

General | Agricultural Sciences | Science | Subjects | Books

General | Health, Mind & Body | Subjects | Books
ASIN: 188298403X

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