Jim Ulvog

Sighted on the distant horizon: Massive change to financial statement presentation

1 Comment / Accounting /

Can you picture the balance sheet and income statement rearranged so they look like the cash flow statement, with an operating, investing and financing section?  No grand totals of assets or total revenue shown on the statement?

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Sighted on the distant horizon: Massive change to financial statement presentationRead More »

Sighted on the distant horizon: Massive change to financial statement presentation Read More »

How do you present complex data? Look at these visualizations

Leave a Comment / Other stuff /

(cross post from www.ulvog.wordpress.com)

Check out how to present multiple pieces of data from every country on the planet over a 40 year trend in such a way that anyone can get your point.  Professor Hans Rosling has a way of showing extremely complicated data so you can get the idea in a few minutes.

Some examples:

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How do you present complex data? Look at these visualizationsRead More »

How do you present complex data? Look at these visualizations Read More »

Economic development makes every country healthier and richer

Leave a Comment / Economics /

Cross post from www.ulvog.wordpress.com

Incredible visualization of 200 years of economic development and improvements in health around the world.  A professor creates an entertaining visual of how health and wealth has increased in 200 countries over 2 centuries.  Does it all in under 5 minutes.  In 1810 all countries of the world were poor and sick.  The industrial revolution started many countries up the health and wealth climb.  World War I and the influenza epidemic knocked everyone back.  The great depression moved many countries back in wealth but not in health.  After WWII, lots of countries really took off.  There are big disparities in 2009, but the improvements everywhere from 1810 to 2009 are mind-boggling.  Few countries are left in the poor and sick area.  Most people live in the middle of wealth scale and most of the people on the planet are at the upper end of the health scale.

The million dollar question?  What drives the improvement?  Watch it twice to see if you think that economic development is the driver for all of it.  Compare what you know about when countries started adopting the capitalist, industrial approach to their economy.

Lessons?  Take your pick.  War is bad for everyone.  Epidemics are really bad.  Economic growth helps everyone.  More economic growth would close the gap between top and bottom.

Biggest factor I see in the video?  Economic growth from capitalism means a country can afford better infrastructure and disease prevention meaning everyone is healthier.  If we can keep from killing ourselves from another world war and keep from killing the economic engine that got us here, the future is brighter than today!

Hat tip Exurban League

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A creative way to communicate fraud prevention to your clients

Leave a Comment / Audits, Compilations & reviews /

As CPAs, we look for creative ways to persuade our clients to implement good internal controls.  I fear that our comments as CPAs usually fade along with all the other you-gotta’-do-this-now messages in our regulatory heavy culture.  Another approach is to explain the devastation that arises from fraud.  I have a new post at my other blog that takes this approach:  The tragedy of fraud.  …

A creative way to communicate fraud prevention to your clientsRead More »

A creative way to communicate fraud prevention to your clients Read More »