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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business

Since then, we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology companies. Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. As digital technology becomes more pervasive, more and more companies will present this sort of valuation challenge.

GAAP 35

The Dangers of Digital Protectionism

Harvard Business

These include access to digital goods and services, being part of global supply chains, accelerating and partaking in the fruits of innovation, and helping citizens access information, entertainment, and connectivity on a worldwide basis. The draft bill has generated much debate, including some concern from global technology giants as well as Nasscom, India’s IT industry body. follows Generally Accepted Accounting Principles (GAAP), developed through a rules-based approach.

GAAP 44

GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business

New workers embarking on their careers are finding that their education is incomplete in many areas essential to our technology-driven lives today. While all of these are contributing factors, the major factor, in our view, is the deflationary effect of technology, which our measurement systems fail to account for. Gross Domestic Product (GDP), our core measure of prosperity, was developed during the industrial age. HBR STAFF.

GDP 44