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Month: March 2016

Creating an Intranet

69 9000 2015-01-12 Logo brevmall
Assignment: Create a modern and fresh intranet

Challenging assignment

In April 2015 I got a challenging and exciting assignment from my old company RedovisningsHuset i Södertälje AB (redovisningshuset.se):

Create a structure for a new and modern intranet, which can replace the existing intranet in it’s out-of-date structure and programming tool.

In August 2015 we established a first preliminary structure and which new tool to use, to be accomplished a few months later.

Clean structure, easy posting

In December 2015, I delivered my proposition for a new structure, built in a modern programming tool and with possibilities for all in the staff to contribute directly on the web.

The new structure contains far less pages than the old one, which had since long lost its rationality in a myriad of pages. We now targeted a simple and clean intranet, with an easy search tool including free search, categories and tags. Also, the archive maintains itself automatically.

Implementation and launch

Then followed a period of tests, appointing and educating responsible and supporting persons in the staff, setting passwords and more.

So at last came the day of transition. On February 15, 2016, the new intranet was launched and the updates of the old one stopped.

Since then I see frequent updates, by different colleagues, and the intranet seems to be hopping and sparkling just as it was meant to be.

I thank my old partners at RedovisningsHuset for the confidence of assigning me for this task, and whish you good luck in the future use of the new tool 🙂


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Strengthening the materiality principle

Materiality trending for accounting

I welcome todays trend ”Back to materiality”, that seems to occur on all levels.

Wrong focus

Through the years I’ve used too much time and energy discussing accounting matters with colleagues, auditors, tax authorities etc which, although they could’ve been difficult, really didn’t matter for the readers understanding of a financial statement or the on going reporting.

Right focus

Interesting in this context is that I can hardly ever recall any such frustrating discussions with the customers of our accounting bureau, the entrepreneurs themselves. They seem to have the materiality in their blood, otherwise they couldn’t have developed successful businesses!

Regional materiality

In June 26, 2013, the European Union published an updated directive on financial and consolidated statements (Directive 2013/34/EU).

In this directive the EU openly declare that materiality should guide accounting, measurement, disclosure and consolidated accounts in financial reporting (item 17).

National materiality

The member states of the EU are obliged to adapt the updated accounting directive.

In January 1, 2016, Sweden’s adaption took effect by an updated Annual Accounts Act (see my post from December 30, 2015: ”What Happened Next – Updated Swedish Annual Accounts Act”).

In this updated law materiality is now included among the basic accounting principles (2 chapter 3 a §). This is in my opinion a big step forward, since it doesn’t seem to have been enough that materiality has been implicit for decades.

Global materiality

The puzzle seems to be completed when The International Accounting Standards Board (IASB) published an exposure draft ”IFRS Practice Statement: Application of Materiality to Financial Statements” (ED/2015/8) on October 28, 2015.

The exposure draft have been open for comments to February 26, 2016. According to the work plan of IFRS the project direction will then be decided within six months.

Materiality for SME

My special concern is the development of accounting regulations for small and medium sized enterprises (SME), since the focus of accounting development by tradition is on listed and large enterprises.

I hereby highlight the materiality principle when developing accounting regulations for SME, since they by nature have smaller or non-existent resources to apply complicated and detailed regulations.

Developing harmonized accounting regulations for SME is in my opinion highly topical for ASEAN and the ASEAN Economic Community (AEC). Adapting materiality in this process will be facilitated to a large extent by the international development and, hopefully, by the regional example of the EU.


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