image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
image missing Navigation ... HOME
HOME
CONTEXT
ISSUES
POSSIBILITIES
HOW THE
WORLD
WORKS
ACTIVITIES
SECTORS
STREAMS
STATE
ALL THE
CAPITALS
ACTORS
PEOPLE
ORGANIZATIONS
PRODUCTS
STUFF
CONSUMPTION
PLACE
COMMUNITIES
COUNTRIES
PEOPLE
QUALITY
OF LIFE
NATURE
SOURCE of
all VALUE
ECONOMY
MONEY
LIQUIDITY
MANAGEMENT
DATA at
the CENTER
TVM
METRICS
ABOUT
Date: 2018-10-16 Page is: DBtxt001.php L0700-CC-ACCTGforHISTORY


CORE CONCEPTS
ACCOUNTING FOR HISTORY
MONEY WEALTH / MONETIZED VALUE
Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices

ACCOUNTING FOR HISTORY
There is a lot to learn from history, but is there an easy way to account for history?
In fact there is. It is the balance sheet.
The balance sheet puts on the record the state of affairs at a moment in time. In conventional financial accounting the state of various money accounts are tabulated and a balance sheet created. As time goes by, the balance sheet changes depending on what activities have impact the state of affairs during the period.

ACCOUNTING FOR PRODUCT HISTORY
PRODUCTS ... goods and services ... are what enables quality of life. Products, not money, is really what makes the world go round.
Before a product is available for purchase, it goes through one or many manufacturing processes and a more or less complex supply chain. The history of the product accumulates as a 'balance sheet' for the product.
The balance sheet for the product at any stage of its journey through the supply chain may be recorded in a STANDARD VALUE PROFILE.
Open L070-SV-STANDARD-VALUE-PROFILE.



The text being discussed is available at


TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative.
It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right.
SITE COUNT
Amazing and shiny stats
Blog Counters Reset to zero January 20, 2015

CAVEAT. The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2018 Peter Burgess. All rights reserved.