In the realm of business acumen, understanding the financial aspects of your business is crucial. One key aspect of this is understanding the difference between direct and indirect costs. These two types of costs are fundamental to budgeting, financial planning, … Read More
The Company Board® is a graphical presentation of the financial results of a company. Individual line items in the Income Statement and Balance Sheet are represented by colored stacks, with the scale shown in the center. For example, here is … Read More
There’s a question I hear occasionally about the use of Income/Outcome for teaching fundamental business concepts: “But would it work in other countries?” That’s like asking if the Periodic Table of elements applies on other planets. The answer is Yes. … Read More
We have started working with the Acumen Fund, based in New York, who provide developmental training and opportunities in a variety of countries. Let me point you to their blog for a chatty overview of their activities… and to give … Read More
As part of helping people visualize how they impact the business they work in, our Income/Outcome simulations all use little wooden figures to represent a company’s various job functions. Some stand on the Balance Sheet, for example if their labor … Read More
The usefulness of the Company Board is that it presents financial information in a visual manner. For people who do not enjoy looking at long columns of small numbers, this may make the information more accessible. It can also clarify … Read More
Information is only useful when contextualized. The last post included the Company Board for Apple’s 2008 year end financial result; you can look at the income statement in the context of the balance sheet; and you can look at the … Read More
This is an example of a Company Board, showing its basic structure: There are a few lucky people in this world who can glance at columns of numbers on a page, and immediately see their relative sizes, relationships, importance, … Read More
The Company Board™ is a graphical presentation of the financial results of a company. Individual line items in the Income Statement and Balance Sheet are represented by colored stacks, with the scale shown at the bottom left. Income Statement The … Read More