Hi @OPUser and @Justin good to say hello again to you both
Noticed that you, OPUser, said,
and you, Justin, said,
Now, if only there was a Proposal who wanted to create a decentralised platform to publish these type of (accounting, yes they’re accounting!) reports!
But cheekiness aside, in case my proposal is unsuccessful, I’ll give you both a quick accounting lesson as a parting gift:
The Three (3) Functions of Accounting (why the field exists & has value), are:
1) For ‘Decision-Making’
i.e. If both internal and external stakeholders (think, as an example, OP delegates) can have access to accounting information (aka reports/financial reports/financial statements/management reports) that can allow for better decision making (e.g. an OP delegate can review & analyse periodic financial reports to decide if they want to vote ‘For’ a Proposal and commit scare resources like OP).
2) For ‘Contracting’
i.e. Accounting Information (or more easily understood: hard numbers/constants in a report) is a very effective way to bind, via a contract, both internal parties (e.g. within an employee’s employment contract they can receive a bonus if they reach a sales target) and external parties (e.g. two external parties of a multi-sig wallet refusing to release locked up OP, if the internal project liquidates more than 100,000 agreed limit of its OP over a 3-month period).
3) For ‘Stewardship’
i.e. Accounting information (think: reports of financial and non-financial data) can be used as an effective method to communicate how assets or resources are being managed. Using accounting information to record the management or stewardship of resources is useful over long distances, or in short or misaligned time frames, and/or as a common language. The stewardship function dates back many centuries to the times of kings and queens and kingdoms and estates (or religious institutions), where a king/queen/cardinal could monitor their realm and how their resources were being utilised by all their lords/proxies over the vast and often treacherous kingdom/church. That is, lords/ladies would send the king/queen physically small-sized, accounting reports of how their section of the realm was functioning, and financial numbers and other constants were effective communication mediums (e.g. “1000 sheep in the field, 2 chests of gold, and a standing army of 100 in this sector of the realm, your majesty. And each have increased by 100% since my last report to you last spring, my liege.”)
Okay, well I carried on a bit with Number (3) there a bit, but just remember the key reasons why accounting and accountants exist are: For decision-making, for contracting, and for stewardship.
Could the Optimism Collective or OP Delegates benefit from specialised, but rather easily understood, information to help decision-making, contracting and stewardship?
Have a good day or good night guys, I’m off to bed.