image missing True Value Metrics (TVM)
Meaningful Metrics for a Smart Society
TM
image missing TM
TRUE VALUE IMPACT ACCOUNTING
PUTTING PEOPLE FIRST

WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!

GENERAL CONTEXT / SYSTEMIC DYSFUNCTION
GENERAL Context ... more Issues ... more Governance ... m Ideas ... more People ... m Planet ... more Economy ... more Metrics ... m

MEASURE WHAT REALLY MATTERS
A HUGE COMPLEX SOCIO-ENVIRO-ECONOMIC SYSTEM ... more
BETTER METRICS gives BETTER DECISIONS gives BETTER RESULTS

STATE ... ALL THE CAPITALS
PEOPLE / SOCIETY ... more
SOCIAL CAPITAL (SC)
... more
ENVIRONMENT ... more
NATURAL CAPITAL (NC)
... more
ECONOMY ... more
CREATED CAPITAL (CC)
... more
SOCI0 ... m Human ... more Relationship ... m ECONOMIC ... m Physical ... m Financial ... m Knowledge ... m Institutional ... m Cultural ... m
ENVIRO ... m Land ... more Resources ... more Water ... more Air ... more Energy ... more EcoSystem ... m Biodiversity ... m Climate ... m

ACTIVITIES ... FLOWS THAT CHANGE STATE
Activites in the real world are very, very complex and disorganized.

The best way to manage progress in the reality of extreme complexity is to measure change in state!
PROGRESS is the increase in VALUE (of the STATE) from beginning to end of the period
Simply measure CHANGE in VALUE of everything ... IMPACT on CAPITALS
ACTIVITIES create WEALTH, do GOOD ... consume CAPITAL and create CAPITAL
There are hundreds of different ACTORS, STREAMS, PRODUCTS, PROCESSES, PLACES. etc that have IMPACT
PEOPLE
Quality of Life ... m
Health ... more
Wealth ... more
Income ... more
Education ... more
MORE ... more
PEOPLE ... more
Individual ... more
Family ... more
Community ... more
Employee ... more
Employer ... more
Investor ... more
Customer ... more
Director ... more
ACTORS ... more
ORGANIZATIONS ... m
STREAM ... more
PRODUCTS ... more
PROCESSES ... more
SECTOR ... more
PLACE ... more
MARKETS ... more
ORGANIZATIONS ... m
Governments ... m
Multinationals ... m
Companies ... m
SMEs ... more
Banks ... more
NGOs ... more
Portfolio ... more
PLACE ... more
Building ... more
Neighborhood ... m
City ... more
Metro-area ... more
Suburb ... more
Rural Town ... more
Development ... m
METHODS ... more
Productivity ... more
Exchange ... more
Money ... more
Standard Values ... m
Value Tokens ... more
Basic Income ... more
METRICS ... more
CONVENTIONAL
Economy / GDP ... more
for Investors ... more
for Companies ... more
TRUE VALUE
TVIA ... more

AN ALTERNATIVE NAVIGATION
(0)
HOME
(1)
ISSUES
SYSTEMIC
DYSFUNCTION
(2)
IDEAS
THINKERS
POSSIBILITIES
(3)
BETTER
METRICS
TVIA
(4)
PEOPLE
SOCIAL
CAPITAL
(5)
NATURAL
SYSTEMS
BIOSPHERE
(6)
CREATED
PHYSICAL
ECONOMY
(7)
CREATED
FINANCIAL
ECONOMY
(8)
CREATED
INTANGIBLE
ECONOMY
(9)
PLACE
COUNTRIES
COMMUNITIES
(10)
STREAMS
PRODUCTS
PROCESSES
(11)
ORGANIZATIONS
COMPANIES
INITIATIVES
(12)
ABOUT
BURGESS
ARCHIVE
DIRECT NAVIGATION TO SLIDESETS
CHRONOLOGICAL SEQUENCE About TRUE VALUE METRICS BURGESS PRESENTATIONS About SECTORS / PROCESSES

Thousands of Issues
(I) CONTEXT
CTX
PROGRESS / PERFORMANCE More
SOCIETY ... Human Capital More
ENVIRONMENT ... Natural Capital More
ECONOMY ... Created Captal More
ISSUES Thousands of Issues! more
By Issue in Alpha sequence Alpha
By Issue in Chronological Sequence Chrono
By Subject Area (Cluster) Cluster
SYSTEMIC DYSFUNCTION
more
SOCIAL PROBLEMS
Social Risks
The established social order has lost its legitimacy.
Breakdown of social order an existential risk
risk
Jobs / Low Wages / Unemployment
Structural issues that change everything
more
Poverty
Opportunity, jobs and income insufficient
more
Hunger / Malnutrition / Ill-health
Water / Sanitation
Hunger / Food shortage
Risky agriculture / risky food choices
more
Civil War / Physical Destruction
Scandalous Value Destruction
more
War Violence / Human Destruction
Death / Genocide / Crimes against Humanity
more
Religion / Culture
Good and Bad / Clash of Civilizations
more
ENVIRONMENT
Biodiversity
Being destroyed at a dangerous rate
more
Deforestation
Cutting trees is big business
more
Sea Level Rise
Ice melt caused by global warming / More powerful storms
more
Extreme weather
More energy / Greater instability
more
Pollution
Solids / Liquids / Gases
more
ECONOMIC ISSUES
more
Economic Risks
The Western economic model as practiced for the last 200 years is on life support and will implode without radical new thinking.
risk
Corruption
Many essential industries are the worst offenders
more
Inequality
Massive investor wealth ... 40 years of huge wealth increases
more
Money / Currency
Huge issue ... very little understood
more
Markets / Intangible Value
Real tangible value has very little to do with market price
more
Wrong Metrics
Profits, GDP , Growth works for owners but not for workers
Nothing for impacts on the environment and society
more
IDEAS / POSSIBILITIES
more
UNDERSTANDING POTENTIAL more
NICE PEOPLE ... the 99% more
KNOWLEDGE ... research, education
more
TECHNOLOGY ... materials, computer science
more
BETTER METRICS ... TVIA, other
more
BETTER GOALS ... SDGS, PRI, etc. more
ELIMINATING CONSTRAINTS more
ENABLING INITIATIVES more
Socio-Enviro-Economic System
(II) SYSTEM
SEES
CAPITALS / STATE
ALL THE CAPITALS
CS
SOCIAL CAPITAL
(S-HS)
(1) Human Capital
... The individual
... Their potential to contribute / their cost of living
(CS-1)
(2) Relationship Capital
... The family
... The community / Society
(CS-2)
NATURAL CAPITAL
(S-NC)
(3) Natural Capital (NC)
... Land / EcoSystem Services
... Minerals / Fossil Fuels
... Water / Air / Elements
... Climate / Livable Environment
(6-NC)
CREATED CAPITAL
(S-CC)
(4) Physical Capital (CPC)
... Buildings. Vehicles, Plant, Equipment
... Infrastructure
(CS-3)
(5) Financial Capital (CFC)
... Money
... Securities
(CS-7)
(6) Knowledge Capital (CIC)
... Knowledge
... Science / Technology
(CS-4)
(7) Institutional Capital (CIC)
... Government
... Rule of Law
... Organizations
(CS-5)
(8) Cultural Capital (CIC)
... Arts / Music / Dance
... Religion / Tradition
(CS-6)
PROCESS / FLOW
ALL THE ACTIVITIES
FLOW
ACTORS (IE)
Implementing Entities
InPage
(IE)
EXCHANGE / TRADE (XT)
Source of vital value add
Facilitated by money
(XT)
MARKETS (MK)
Source of vital value add
Facilitated by money
(MK)
PROCESSES (P1)
Processes determine the efficiency of production and the associated impacts
(P1)
PRODUCTS (P2)
Products flow through supply chain, production, use and waste
(P2)
STREAMS
Everything is connected to everything else
STREAMS cross sectors
(SS)

SECTORS
SECTORS have very different technical characteristics
(SI)
PLACE
PLACE where EVERYTHING happens ...
Where all the SECTORS come together
(PL)

EXCHANGE / TRADE (XT)
MEDIUM OF EXCHANGE / TRANSACTIONS
more
MONEY ... Medium of Exchange more
CONVENTIONAL MODERN MONEY
Bad measure / Bad store of value
more
ALTERNATIVE CURRENCIES
Regional Currencies / LETS / etc
more
CRYPTOCURRENCIES
Blockchain / Distributed Ledger
more
VALUE BASED CRYPTOCURRENCIES
New Value Based Coins / Tokens
more
TRANSACTIONS ... What best to buy more
POINT OF SALE
Key to comprehensive accountability
ADVERTISING
All about selling stuff / misinformation
more

ACTORS
IMPLEMENTING ENTITIES
IE
(1) COMPANIES ... BoD / C-Suite (1)
(2) INVESTORS
(2)
(3) INDIVIDUALS
(3)
(4) FAMILIES
(4)
(5) NGOs (5)
(5) SOCIETY ... Community organizations (5)
(6) GOVERNMENT ... of a PLACE (6)
(7) PROCESSES
(7)
(8) CONSUMERS / USERS
(8)
You Manage what you Measure
(III) METRICS
More
CONVENTIONAL METRICS
Financial Accounting
Very powerful for optimizing profit
Very limited for everything else
CFA
Management Accounting
Very weak data foundation
IMP
Economic Analysis
Misses too much that has critical importance
ECON
Investment Analysis
Focus on short term
Focus on profit
INV
Impact Investment
Very weak data foundation
IMP
BETTER METRICS
TRUE VALUE IMPACT ACCOUNTING
TVIA
Core Concepts
Critical Principles
CC
(1) DOUBLE ENTRY
(1)
(2) BALANCE SHEET ACCOUNTS
(2)
(3) PROFIT AND LOSS ACCOUNTS
(3)
(4) COST, PRICE AND VALUE
(4)
(5) FLOW, PROCESS, CHANGE in STATE
(5
(6) REPORTING ENTITY
(6)
(7) MANAGEMENT ACCOUNTING
(7)
(8) PROGRESS AND PERFORMANCE
(8)
Multiple Entities / Common Framework
for Analysis, Management and Reporting
RE
(1) PRIVATE ENTERPRISE
(1) STATE ENTERPRISE
(1) GOVERNMENTS
(1) PUBLIC PRIVATE PARTNERSHIPS
(1) NOT FOR PROFIT / NGOs
(1) PORTFOLIOS / WEALTH FUNDS
(1) PLACES
(1) PROCESSES
(1) STREAMS
(1) PRODUCTS
(1) PEOPLE
(1) SOCIETY / COMMUNITY
Multiple Perspectives / Same Data
Requires compromise, negotiation
PS
(1) BUSINESS ORGANIZATION
Profit -v- CSR -v- Environment
(1) EMPLOYEE / EMPLOYER
Payroll Down / Profit Up
(1) CHILD / PARENT / GRANDPARENT
Stages of life are important
(1) INVESTOR
Profit -v- ESG
(1) PRODUCT
Profit -v- Cost -v- Impact
(1) PLACE
Low tax -v- Enough tax -v- Services / QoL
Multiple Units of Account UA
Multiple Units of Account
Independent measures for different components of the system
Money for economic activity & financial capital
A value unit for human capital
A value unit for natural capital
UA
Standard Value Profiles (SVP) SVP
Standard Value Profiles (SVP)
Critical data about everything
Continuous improvement of data
Continuous improvement of performance
SVP
True Value Coin Finance TVC
True Value Coin Ecosystem
Based on Proof of Potential .. / Medium of Exchange ... YES / Enables Financing ... YES / Creates Value ... YES / Store of Value ... NO
TVC
TVCs for Fiat Money Transaction
TVCs for Human Potential
TVCs for Environmental Value

Open Collaboration / Teamwork
(IV) TEAM
(InPage)
TEAMWORK
Every individual can contribute ... but it is TEAM that wins the game
(TEAM)
About Peter Burgess (TPB)
Experience / Track Record
(TPB)
PEOPLE
People make all the difference
(PE)

CONTEXT
OVERVIEW / BACKGROUND / ISSUES / CONSTRAINTS / POSSIBILITIES

SYSTEMIC FAILURES / DYSFUNCTION / HUNGER / HOMELESSNESS / DESTRUCTION / POVERTY / MORALITY / KNOWLEDGE

GOOD PEOPLE STRUGGLING / AMAZING TECHNOLOGY / AMAZING POSSIBILITIES / MISSED OPPORTUNITIES
GO TOP
CONTEXT
THE ARC OF HISTORY AND THE PRESENT STATE OF THE WORLD
Open L07-CONTEXT
OVERVIEW ... THE ARC OF HISTORY Open L07-HISTORY
TRENDS ... PROGRESS AND PERFORMANCE Open L07-TRENDS
ISSUES ... THOUSANDS OF ISSUES THAT CONSTRAIN SUCCESS Open L07-ISSUES
IDEAS ... THINKERS / POSSIBILITIES / ANALYTICAL FRAMING Open L07-IDEAS

SOCIO-ENVIRO-ECONOMIC SYSTEM
ALL THE CAPITALS / ALL THE PROCESSES

NOT JUST THE FINANCIAL DIMENSION ... BUT IMPACT ALSO ON PEOPLE, SOCIETY AND THE ENVIRONMENT
GO TOP
SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
THE COMPLETE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L07-SEES
STATE / CAPITALS Open L070-CS-CAPITALS-STATE
FLOW / STREAMS ... STRANDS / STRINGS / CHAINS Open L070-SS-STREAMS-STRANDS-STRINGS
FLOW / ACTORS ... IMPLEMENTING ENTITIES Open L070-IE-IMPLEMENTING-ENTITIES
FLOW / PRODUCTS ... SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS Open L070-PD-PRODUCTS
FLOW / PROCESSES Open L070-PC-PROCESSES
FLOW / SECTORS ... INDUSTRY SPECIALIZATION Open L070-SI-SECTORS-INDUSTRIES

METRICS
BETTER METRICS ARE FUNDAMENTAL TO SUCCESS

TRUE VALUE IMPACT ACCOUNTING

ACCOUNTING AND ACCOUNTABILITY FOR EVERYTHING ... EVERY DIMENSION / EVERY ENTITY OF THE ECONOMY
GO TOP
WHY METRICS ARE IMPORTANT
YOU ONLY MANAGE WHAT YOU MEASURE
Open L070-MT-METRICS
CONVENTIONAL FINANCIAL ACCOUNTING ... VERY POWERFUL BUT ONLY ABOUT PROFIT PERFORMANCE AND FINANCIAL CAPITAL Open L0700-MT-CONVENTIONAL-FINANCIAL-ACCOUNTANCY
TRUE VALUE IMPACT ACCOUNTING ... ACCOUNTABILITY FOR EVERYTHING USING DOUBLE ENTRY ACCOUNTING FOR EVERYTHING Open L070-TVIA
CORE CONCEPTS ... FROM ACCOUNTANCY, ENGINEERING THERMODYNAMICS AND SCIENCE Open L07O-CC-CORE-CONCEPTS
IMPLEMENTING ENTITIES ... ORGANIZATIONS, PEOPLE, PLACES, PROCESSES, PRODUCTS, STREAMS
Implementation to have better performance requires managhement information with granular detail
Open L070-IE-IMPLEMENTING-ENTITIES
REPORTING ENTITIES ... ORGANIZATIONS, PEOPLE, PLACES, PROCESSES, PRODUCTS, STREAMS
Reporting progress and performance requires summary presentation supported by granular detail and great clarity
Open L070-RE-REPORTING-ENTITIES
UNITS OF ACCOUNT ... MORE POWERFUL THAN MONETIZING IMPACT Open L070-UA-UNITS-OF-ACCOUNT
STANDARD VALUE PROFILES ... ANALOGOUS TO STANDARD COSTS Open L070-SV-STANDARD-VALUE-PROFILES
TRENDS / PROGRESS AND PERFORMANCE ... FOR ALL THE SOCIO-ENVIRO-ECONOMIC SYSTEM Open L07-TRENDS-OVERVIEW

TEAM / OTHER GO TOP
TEAM / TEAMWORK Open L07-TEAM
PETER BURGESS ... BACKGROUND Open n1-TPB
BURGESS MANUSCRIPTS Open n1-Burgess-Manuscripts
NETWORK ... Linkedin Connections Open n1-Burgess-Linkedin-Connections
EVENTS ... Current year 2017 Open L0200-EVENTS-2017
ALTERNATIVE NAVIGATIONS
NAVIGATION VIA MAINNAV THAT WAS RETIRED IN MARCH 2017
(0)
HOME
(0)
MAIN
NAV
TOP
(1)
ISSUES
SYSTEMIC
DYSFUNCTION
(2)
IDEAS
THINKERS
POSSIBILITIES
(3)
BETTER
METRICS
TVA
(4)
PEOPLE
SOCIAL
CAPITAL
(5)
NATURAL
CAPITAL
SYSTEMS
(6)
PBS
PHYSICAL
ECONOMY
(7)
PBS
FINANCIAL
ECONOMY
(8)
PBS
INTANGIBLE
ECONOMY
(9)
PLACE
COUNTRIES
COMMUNITIES
(10)
STREAMS
PRODUCT
PROCESS
(11)
ORGANIZATIONS
COMPANIES
INITIATIVES
(12)
ABOUT
BURGESS
ARCHIVE
NAVIGATION VIA HOME PAGE THAT WAS RETIRED IN MAY 2017
(0)
HOME
(1)
BETTER
METRICS
TVIA
(2)
BACKGROUND
CONTEXT
ISSUES
(3)
ALL
THE
CAPITALS
(4)
REPORTING
ENTITIES
(5)
UNITS
OF
ACCOUNT
(6)
STANDARD
VALUE
PROFILES
(7)
ABOUT
BURGESS
DIALOG
(8)
ALTERNATIVE
NAVIGATION
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CHRONOLOGICAL SEQUENCE About TRUE VALUE METRICS BURGESS PRESENTATIONS About SECTORS / PROCESSES

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