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

Sharealedger.org: My Report to Dr. Bill McCarthy on REA Progress

Last week I was invited to be a guest lecturer to Dr. William E. McCarthy’s Michigan State University graduate students. As noted in my textbook, Balancing Act: A Practical Approach to Business Event Based Insights, in 2002 “I took a day during my family vacation to visit my alma mater, Brigham Young University. I started by looking up an article a professor had introduced me … Continue reading Sharealedger.org: My Report to Dr. Bill McCarthy on REA Progress

Pressure to Change: Conversation with Eric Denna Part 7

Today’s conversation is the last in a series with Dr. Eric Denna. In this episode Eric highlights the difficulty in changing the basic way our financial systems work, but also noting that they are ripe for disruption. He gives a couple of interesting examples from other domains, where the pressure to change was building over a long period of time, but when the changes started … Continue reading Pressure to Change: Conversation with Eric Denna Part 7

Do vs. Should: Eric Denna's CIO Questions

This week’s episode of Conversations with Kip continues with Dr. Eric Denna. Last week Eric shared the five questions he starts with as a new CIO in a job. They are: Whom do we serve, and what do they (those we intend to serve) want/need/have to do? What services do we provide so that those we serve can do what they want/need/ have to do? … Continue reading Do vs. Should: Eric Denna's CIO Questions

Innocence as a Virtue, or the Five Questions: Conversation with Eric Denna Part 3

In today’s segment of my conversation with Dr. Eric Denna, we cover Eric’s Five Questions for a CIO, developed over Dr. Denna’s five times serving as CIO, helping organizations understand customers, service, measurement, delivery and organization. Consider for a moment how you would add value to your organization if you had to change jobs? When you come into a new situation, how do you provide … Continue reading Innocence as a Virtue, or the Five Questions: Conversation with Eric Denna Part 3

Taking a Risk: Conversation with Eric Denna Part 2

Second in our series of a conversation with Dr. Eric Denna, covering Dr. Denna’s early career, and how taking a risk can result in dramatic outcomes. Taking risks is part of life. And risk measurement is often closely associated with financial management processes. Both involved quantifying activities, one a potential result, and other other typically a historical result. >>> Related Post: Risk Data Requirements and … Continue reading Taking a Risk: Conversation with Eric Denna Part 2

Teacher-Student Interactions: A Conversation with Dr. Eric Denna

Today is the 200th Episode of Conversations with Kip. As a tribute, I am starting to release a set of segments of my conversation 18 months ago with Dr. Eric Denna, perhaps my first professional mentor. In January 1988 Eric was a newly minted PhD in financial systems, having studied under Dr. William McCarthy at Michigan St. University. As a student at Brigham Young University, … Continue reading Teacher-Student Interactions: A Conversation with Dr. Eric Denna

What My Children Think I Do for Work

January 2nd 2020 marks my 30 year anniversary for my job. I began work with Price Waterhouse, which became PricewaterhouseCoopers; IBM purchased the consulting division in October 2002. So I have 30 continuous years of work history in effectively the same job. It has allowed me to study financial systems and ledgers very deeply. My Children’s View of My Work On the day of my … Continue reading What My Children Think I Do for Work

The Problem with Financial Systems: An Overview

This week I release a discussion I had on the fundamental problems with financial systems held in Bangalore, India on April 10, 2018. To make the concept more approachable, I use personal financial examples to explain the structure of our financial data, and many of my quantitative insights about the nature of our financial systems problems. The following is an outline of the discussion. In … Continue reading The Problem with Financial Systems: An Overview