Reconciliation (of records) is a normal form of waste and rework, claims the text. Is it? Explain your point of view; consider using your own personal financial experiences (with your personal banking, financial, tax, earnings, credit cards, cash, etc.) as an example to illustrate.In the Summary of this chapter, the text asserts that banks do not manage money; rather, they manage the information about the money. Do you agree or disagree? Has this always been the case with banks and financial services organizations, or is this a radically different outlook on banks and banking since the Computer Revolution came upon us?Timing is everything: the text suggests (under Plan Budget to Meet Enterprise Mission) that managing the company to meet the goals of quarterly or annual financial reports is wrongheaded. This seems to contradict the view that such reports can be valuable management tools. Explain this contradiction, and assess whether it is a real conflict, or just an apparent one (or a misunderstanding).
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