Two Types of Truth: Current vs Historical

Two Types of Truth: Current vs Historical

You must understand this distinction clearly.

1) Current State Reports

These answer:

“What do we have now?”

Examples:

• Assets by location
• Assets by category or classification
• Missing assets
• Assets under maintenance

These are used by:

• Operations
• Facility managers
• Department heads

2) Historical / Evidence Reports

These answer:

“What happened over time?”

Examples:

• Inventory history
• Move transactions
• Disposal records
• Maintenance history
• Consignment history

These are used by:

• Internal audit
• External auditors
• Finance
• Compliance teams

Professional line:

“Dashboards show status. Reports prove behavior.”