Performance-Based Reporting

Hans V. A. Johnsson is President of Sound Communications, a partner in RealBiz International AB, and Senior Advisor at Kreab, a leading consulting firm in Europe. His background includes leading positions in international banking and engineering industries, with the last twenty years spent mostly in the United States. He served three years on the board of the Advertising Research Foundation in New York and three years as president of the Connecticut Chapter of the BMA. Per Erik Kihlstedt is the founder of RealBiz International AB, a company that provides virtually accounting-free methods and tools for strategic business analyses. RealBiz's portfolio of clients includes major companies in the automotive, power equipment, industrial tool, insurance, international business development, railroad, telecom, and retail industries, as well as hundreds of small and medium-sized companies.

“…provides a useful framework for rediscovering the true value drivers of your business…” (Financial Systems News Website, March 2007)

• Preface. PART I: NEW REPORTING NEEDS FOR A NEW TIME.Chapter 1: Accounting—Crisis or Crime?The Accounting Tradition.The Ethics of Accounting—Illegal, Immoral, or Indifferent?A Case for Change.The Value Mess.Distorted Metrics.Chapter 2: When Accounting Meets a New Reality.The World in the Twenty-First Century.Accounting and Accountability in the Fourth Economy.How to Succeed in “The Age of Discontinuity”.How to Succeed in an Age of Mind-Based Wealth Creation.How to Succeed in an Age of Interdependence.Chapter 3: The Search for Adequate Reporting.The Need for Alternatives.Early Efforts: The “Scorecards” Approach.The Challenge in Practice: Combining a Broad, All-Inclusive Perspective with a Manageable Number of Factors.Back to the Crucial Question: What Makes Companies Fail or Prosper in the Twenty-first Century?Chapter 4: Transparent Reporting Based on Today’s Fundamentals.Reporting to Support Performance, Disclosure, and Strategic Decision Making.Why the Four Fundamentals?Summing Up the Baseline Reporting Model.PART II: IT CAN BE DONE!Chapter 5: Business Planning in an Unpredictable World.Business Planning and Enterprise Risk Assessment.A Change of Perspective: Planning for an Unknowable Future.“Money to Green”: Investing in Freedom to Act.Executive Weekend.Chapter 6: “Where Was the Board?”A Five-Step Boardwalk.The Baseline Approach™ to Corporate Governance.Chapter 7: Due Diligence or Undue Negligence?The Fine Line Between Success and Failure in Mergers and Acquisitions.Wanted: A New Kind of Due Diligence.Why Mergers Fail.How Does the Baseline Approach to Due Diligence Work?Chapter 8: Fair and Meaningful Disclosure.Reporting and Communicating for Accountability, Reputation, and Relevance.Transparency, Disclosure, and Relevance.A Matter of Restoring Confidence.The Baseline Approach to Fair Disclosure and Meaningful Corporate Reporting.Chapter 9: Auditing and Risk Management in a New Situation.Risk Analysis and Management in Unpredictable Times.How Serious is the Auditing Crisis?The Baseline Approach to Auditing and Risk Management.Chapter 10: “What Are We Lending Against?”Financing, Lending, and Investment Decisions in the Fourth Economy.Accountability in Lending and Financing.The Baseline Approach to Lending and Financing Decisions.Index.