#Liquid ledger personal finance series

Notes the importance for an enterprise view including non-finance data supply chains. Episode 13 of Conversations with Kip.ĭescribes a key data concept in structured, quantitative reporting: the attributes assigned for the primary posting key. Introduces the idea of what a Metric Engine would be, contrasted with a search engine, the performs the functions of a data supply chain, producing metrics that measure our world from business events in a flexible, simple way. Episode 11 of Conversations with Kip.ĭiscusses the pervasiveness of posting processes even in ERP systems, but also highlights the reconciliation impact for all the business processes. Episode 10 of Conversations with Kip.ĭescribes the differences between a financial system and a data warehouse, and why even though the data warehouse often contains financial data, it does not reconcile with the financial system. Outlines the cost of ineffective financial and reporting systems, the costs of failures, and why understanding business event based reporting applications is important. Episode 8 of Conversations with Kip.ĭefines a Data Supply Chain, including Finance, Performance Management, Risk and Customer Analytics, and briefly shows the impact of them on reporting quality. Walks through detailed slides shown but not explained in episode 5, describing the attributes for the General Ledger, the processes around its daily update, and the implication of other data supply chains that don’t reconcile with it. Highlights the problems with an alternative approach. Reviews most of the points in videos to this point, discussing briefly the history of bookkeeping, and William McCarthy’s idea that systems could do this all differently. Episode 5 of Conversations with Kip.ĭiscusses how the posting process is embedded in most business process systems in the world today, and the impact upon reconciliation processes. This video explains how the timing of the posting processes affects these systems. The timing of when the processes run defining many aspects to today’s structured quantitative systems.

This video describes the posting process.

Posting is the process that enables measurement of business events. Understanding business events enhances transparency. Transparency is critical to financial systems. Understanding them can change the kinds of systems we build. Financial systems typically include transactions, business events, and balances. Measurement is a critical reason for quantitative data analysis. Video: Unstructured Data and Business Events

#Liquid ledger personal finance series

Video: Conversations with Kip Series PreviewĪ description of quantitative financial data as opposed to unstructured data, and the implications on financial systems in the world. Introduction to the series Conversations with Kip, discussing the idea behind the series, and the major topics it covers, including ledger processes, and the future of financial and business systems. Early blog entries contain only a link to the video. The following is an index to the Conversations with Kip Series.