Definitions for TrueValueMetrics
TVM includes all economic aspects in the TVM framework ... a stark contrast to some corporate accounting that has taken the view that some economic transactions should be kept off the balance sheet. Anything and everything that has an impact on quality of life, standard of living, pursuit of happiness, etc. should be taken into consideration. The TVM embrace of both value and money revenue is the core of TVM's approach. Value is included rather than being merely a sidebar as it is in modern corporate accountancy.
But TVM goes beyond just the money aspects of economic transactions, but includes also the creation of value ... the destruction of value ... and everything that has an impact on the quality of life, both now and into the future.
Many of these matters are not simple to quantify ... but that does not make them any less important. The whole purpose of TVM is to have metrics that are meaningful ... and for this elements such as value have to be included.