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Income/Outcome Contextuary

  
  
  
  

One of tasks keeping us busy this year has been publishing the Contextuary in a print format. We are in development with a new online version of the visual finance glossary – the complex coding makes for a simple process – I do not have to worry about whether the word list is ‘complete’ since I always have the option of adding new terms.

Going to press required me to check and re-check the main list of terms. Then I had to cross reference & consolidate, e.g. Profitability is referenced to Return on Sales which is the main listing (and carries the illustration). And then I had to check and re-check the main list of terms, again. No complaints yet, but I am ready to start compiling the list for terms we missed!

Income/Outcome Contextuary

Income/Outcome Contextuary

Now it is done, and we are very happy with the result. We are including it in our business simulation course materials, with the hope that the visual graphic will refresh the experience of the game and refresh the learning. The first group to receive it was the MSP Revolution workshop, and they were more than enthusiastic.  (Asking for extra copies is always a good sign: one person wanted a copy for his wife who is a bookkeeper, he felt it would make her job easier and ‘certainly more colorful’.)

The cover is not actually a glossary entry, but it shows the strength of our visual representation of financial results; clearly separating the balance sheet (on the left) and income statement (on the right), and maintaining the connection between them.

Front Cover for Income/Outcome Contextuary

Front Cover for Income/Outcome Contextuary

The next project is to get the foreign language translations completed, and incorporated in the online version.

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