A title line locks down the entity whose story is being told.
BaSIS Board comprises 5 element-blocks, sometimes known by the mnemonic R-E-L-A-X.
The definition of the blocks is precise and deliberate:
- Revenue (US) – Value-generating activities / (Income (International) – Value-generating activities)
- Equity – Obligations to owners/shareholders
- Liabilities – Obligations to creditors
- Assets – Rights to valuable things
- eXpenses – Value-sacrificing activities