The End of Accounting and the Path Forward for Investors and Managers

Part Four

Practical Matters

We conclude the book by addressing three practical issues fundamental to its main thesis—corporate financial reports lost most of their usefulness to investors and therefore have to be augmented by a strategic vision and execution disclosure, as prescribed by our Strategic Resources & Consequences Report. These issues are:

• Implementation: How can our proposed disclosure paradigm be implemented by the corporate sector?
• Accounting: How should the ubiquitous accounting and reporting system be restructured to halt and reverse its loss of usefulness?
• Investors' operating instructions: How should investors' financial and securities analyses be changed to best utilize the proposed strategic information for improved performance?