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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. This notion, that risk is a desirable feature, can seem like sacrilege to anyone who’s taken an introductory finance course.

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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

The company’s first revenues indicate the acceptance of its product or services by customers. Those outlays could be on soft avenues, such as customer acquisition, data breach and safety, regulatory fines, and product enhancement, or on hard assets, such as hardware, servers, and cellphone towers.

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The Dangers of Digital Protectionism

Harvard Business Review

At the other extreme, cross-border flows of certain types of private or public data, such as well production for a global oil producer or anonymous aggregated statistics, may be better left unfettered. India’s finance ministry has proposed such an approach to the central bank. In contrast, the U.S.