Auld Lang Syne

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Fintech 300

November 29, 2023
mike@standardsmichigan.com
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The lack of money is the root of all evil. - Mark Twain

“The Architect’s Dream” 1840 Thomas Cole

Today at 16:00 UTC  update our understanding of construction spend in educational settlements every month and find that our industry ranks near the top of United States annual spend reported by the Census Bureau — about $100 billion annually — greater than the gross domestic product of more than half the world’s 200-0dd nations.  Economic activity at that level, and in this industry, has a few codes, standards, and guidelines related to the financing of public buildings.  They vary widely — by country, region, and even at the local level. 

  1. Government Budgeting and Accounting Standards:
    • These standards vary by country, but they typically include guidelines for budgeting, accounting, and financial reporting by government entities.
  2. International Public Sector Accounting Standards
    • IPSAS are a set of accounting standards for use by public sector entities around the world. They cover various financial reporting aspects, including the preparation of financial statements.
  3. Government Finance Officers Association Best Practices:
    • GFOA provides best practices and guidelines for financial management in the public sector, including budgeting, accounting, and debt management.
  4. Local Government Act or Municipal Act:
    • In many jurisdictions, there are specific legislative acts that govern the financial management of local governments or municipalities.
  5. International Monetary Fund Guidelines:
    • The IMF has guidelines on fiscal transparency and financial management for governments.
  6. World Bank Public-Private Partnership Guidelines:
    • The World Bank has guidelines for public financial management and infrastructure projects, including those related to public buildings.

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Blockchain in Supply Chain Finance

November 29, 2023
mike@standardsmichigan.com
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IEEE P2418.7 Standard for the Use of Blockchain in Supply Chain Finance

In traditional supply chain finance implementations, the compliance check is often done manually by financial institutions to compare the different paper-based trade finance documents. In such scenarios, high labor costs need to be spent while high fraud risks still exist, and it’s hard for small and medium enterprises to be covered. Blockchain technology can play a vital role in solving many SCF-related problems
Blockchain technology, as a basic infrastructure for exchanging value and information over the Internet, has been tried to create new solutions for SCF, aiming to reduce the complexity and make data sharing more transparent, accurate, efficient and secure, which could facilitate the businesses to come together in partnership, to fulfill small and medium enterprises financial demand and to speed up the funding flows throughout the supply chain.
Different Blockchain-driven SCF implementations may lead to fragmentation and it’s hard to be expanded in the future. Standardization of blockchain use in SCF will define a general framework, provide a base common understanding enabling innovation in supply chain finance and promote industry development

Public consultation closes July 23rd.

 

Blockchain Technology

November 29, 2023
mike@standardsmichigan.com

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Distributed Ledger Technology

The U.S. Commerce Department’s National Institute of Standards and Technology (NIST) issued a draft report — and a commenting opportunity the repport — that details a high-level technical overview of blockchain technology, its architecture, and how it works as the foundation of modern cryptocurrencies.  NIST requested feedback from the public and private sectors, national and international, for the final publication.  The document, Draft NIST Interagency Report (NISTIR) 8202: Blockchain Technology Overview, provided an in-depth look at the technologies that compromise blockchain systems and breaks down how blockchains can best be utilized, and how blockchain technology can be an asset to a business and its products.

“We want to help people understand how blockchains work so that they can appropriately and usefully apply them to technology problems,” said Dylan Yaga, a NIST computer scientist and co-author of the report. “It’s an introduction to the things you should understand and think about if you want to use blockchain.”

The report appears to have integrated public comment and now a landing page for NIST work in this area — as well as contact information for project leaders — is linked below

NIST Report on Blockchain Technology Aims to Go Beyond the Hype

Blockchain Technology Overview

NIST Headquarters / Gaithersburg, Maryland

Blockchain technology is a standing item on our Blockchain and Finance colloquia; open to everyone.  Keep in mind that blockchain is a nascent (or “pre-adoption”) technology.

Issue: [18-25]

Category: Finance, Academics,  Administration & Management

Colleagues: Mike Anthony, Jack Janveja, Richard Robben

 

Poland Secondary

November 28, 2023
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Crêpes de babeurre au fruits frais

November 28, 2023
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Crumpets

November 27, 2023
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The perilous quest for equal results in academia

November 27, 2023
mike@standardsmichigan.com

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Organizational charts are often considered internal documents, and the specific format can vary widely based on organizational culture, preferences, and specific needs. Organizations may develop their own standards based on industry best practices, legal requirements, and internal considerations.  Depending on the industry, there may be associations that provide guidelines tailored to that particular sector.  The HR sector has a few:

Society for Human Resource Management (SHRM):  SHRM provides resources and best practices for human resource professionals, including guidance on organizational structure and charts.

Project Management Institute (PMI):  PMI may offer insights into organizational structures, especially in the context of project management.

International Organization for Standardization (ISO): ISO develops international standards for various aspects, including some related to organizational structures. However, these standards are not specific templates for organizational charts.

There are generally accepted principles and standards for constructing organizational charts, but the specific format and details can vary depending on the organization’s size, structure, and industry. Here are some common guidelines for creating organizational charts:

Top-Down Hierarchy: The chart typically follows a top-down hierarchy, with the highest-ranking positions at the top and lower-ranking positions below.

Clear Reporting Lines:  Clearly define reporting lines to represent the chain of command and authority within the organization.

Position Titles and Names: Include position titles and, if space allows, the names of individuals holding those positions.

Consistency: Maintain consistency in the layout, shapes, and formatting of boxes and lines throughout the chart.

Departments and Divisions: Use different colors, shading, or grouping to represent different departments or divisions within the organization.

Clarity and Simplicity: Keep the chart clear and simple to understand. Avoid unnecessary complexity that might confuse viewers.

Use of Lines: Connect positions with straight or diagonal lines to represent reporting relationships. Dotted lines are sometimes used for indirect or dotted-line reporting.

Position of Support Staff: Support staff (such as human resources, IT, etc.) may be placed in a separate section or integrated within the chart, depending on the organization’s preference.

Employee Information: Depending on the sensitivity of the information and organizational culture, include only essential information about employees (names, titles) or provide more details like photos and contact information.

Updates: Regularly update the organizational chart to reflect any changes in personnel, structure, or reporting relationships.

It’s important to note that these are general guidelines, and the specific requirements for an organizational chart can vary widely based on the organization’s needs and preferences. Some organizations may prefer a more detailed chart, while others may opt for a simpler representation.

A fully dimensioned exploration of human resource standards — and approaches to lowering cost — cannot be without an understanding of present practice, and prevailing opinion about present practice.

Harvard University:

University of California Berkeley

Columbia University:

Hillsdale College:

Top DEI staff at public universities pocket massive salaries as experts question motives of initiatives

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