For all the good things the OC Domain can do, there are still several things it cannot do. Recall, the OC Domain was designed to model operations and cash. It is incapable of calculating costs, assessing the value of assets such as inventory, or handling accruals and matching. Many of these may be required for reporting purposes, which suggests, the OC Domain and its raw data are not suitable for corporate reporting.
I believe the Accounting Domain exists for two reasons. First is reporting corporate performance. Governments have rules and regulations by which companies must abide. In the United States, companies file income statements, balance sheets, and statements of cash flow. There are certain rules related ...
Get Strategic Cost Transformation now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
