(20 double spaced pages including graphs, charts, and references)
Imagining the Fourth Financial Statement using Big Data
- Briefly discuss the development and purpose of the three main financial statements: 1) Cash Flow; 2) Income; 3) Balance Sheet.
- Discuss what these traditional financial statements do well as well as the limitations of these financial statements for valuing information/knowledge age companies
- Briefly discuss current attempts to develop a fourth financial statement e.g., attempts to measure intangible or knowledge-information assets or liabilities
-Propose your own solutions or methods for developing this fourth financial statement
-Discuss the strategic implications i.e., how could the development or use of this new financial statement make you or your company money!