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Meaningful Metrics for a Smart Society
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Date: 2019-10-18 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

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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. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


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