Reflection, Unanswered Questions and Goals for Financial System Transformation

Questions Today marks five years since the start of Conversations with Kip Vlog. In celebration, I’m releasing two videos, one is a bit in the tradition of the bloopers of the past, showing that at times I don’t have the answers. The second is more serious, discussing the importance of reflection. First, consider that at times we don’t know everything we would like to about … Continue reading Reflection, Unanswered Questions and Goals for Financial System Transformation

Data Quality Questions

Dillon Pappenfuss of Financial Executives International, asked me a set of question on Data Quality. In the videos below, I give my answers to his questions. The video answers to all of Dillion’s questions are contained in this video. Individual answers are shown in each of the videos below. How do the relationships between people, technology, and processes impact data quality management? I had a … Continue reading Data Quality Questions

Computers Explained: An Expanded Analogy

In Computers Explained: The Meeting Analogy, I gave a basic description of how a computer works. I then added to that in Computers Explained: Big Data Implications how analytical processes impact computers. Today, I expand upon the analogy, covering both the impact of Languages and and Parallel Processing. Programming Tools In my textbook on financial systems, Balancing Act, chapter 17 Programming Tools, I have shared … Continue reading Computers Explained: An Expanded Analogy

Attributes of Financial Reporting and Financial Reporters

Today I release a series of videos about attributes of high quality financial reporting, based upon accounting standards. I also add to these my view of attributes of good accountants; what kinds of characteristics make them capable of producing good financial reports. When in college I was taught by Dr. Leon Woodfield about the Financial Account Standards Board (FASB)’s Statements of Financial Accounting Concepts. One … Continue reading Attributes of Financial Reporting and Financial Reporters

Introduction to GenevaERS Open Source Project

This episode of Conversations with Kip gives an introduction to the IBM Scalable Architecture for Financial Reporting (SAFR) as it was recently contributed to the Linux Foundation’s Open Mainframe Project as the GenevaERS Project. This presentation was made at the Technical Advisor Committee Meeting on July 9th, 2020. This is Episode 228 of Conversations with Kip, the best financial system vlog there is. Literally learn more–about … Continue reading Introduction to GenevaERS Open Source Project

The Mainframe, Open Source And Renewal of Financial Systems

This week’s episode of Conversations with Kip goes more to a question of platform than I have ever discussed in my series before. This is brought on with recent experiences with the Linux Foundation’s Open Mainframe Project, and it’s first annual Summit which I am attending today and tomorrow. I have been asked to be the chair of the GenevaERS.org project. The work of starting … Continue reading The Mainframe, Open Source And Renewal of Financial Systems

Powerful Railroad and Processing Engines

This week’s episode likens our powerful financial systems to the powerful locomotives of the early 20th Century. Powerful Railroad Engines In my semi-biographical textbook “Balancing Act: A Practical Approach to Business Event Based Insights” I described the powerful railroad engine pictured in the video: “When I was living in Sacramento a couple of times during lunch I went over to the California State Railroad Museum … Continue reading Powerful Railroad and Processing Engines

Outlandish Prediction: Demise of the G/L

This week’s video makes an outlandish prediction: that in the future companies will not have general ledgers, but instead use the increased compute capacities available from today’s ubiquitous computers to maintain much more granular ledgers, which have the GL perspective embedded in them. With all my experience with enterprise-wide financial reporting systems, I recognize how radical this idea is. And it’s not just the demise … Continue reading Outlandish Prediction: Demise of the G/L

Do Sub-Ledger Balances Add Up to GL Balances?

Often discussions with others result in going back to the basic principle I talked about the relationship of the Data Warehouse to the General Ledger. That discussion focused on activity, the thing that creates journal entries. Today’s video builds on that but focuses on the balances. In the operational source systems, we typically make balances of some kind. Can one can accumulate all the balances … Continue reading Do Sub-Ledger Balances Add Up to GL Balances?