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Date: 2019-12-11 Page is: DBtxt001.php list0300-National-accounts-1

Definitions for TrueValueMetrics
National Accounts

The UN System of National Accounts developed in the 1950s expanded the national system of financial statistics to include balance sheet indicators.

This was an important improvement of the expanded trade statistics that were previously used ... but the data available for most developing countries is still very limited and also very late. While the data are weak, the willingness of the international institutions to substitute estimates for actuals is problematic at best, and might have contributed directly to some development failure.

Some of the key concepts that are included in the UN System of National Accounts are also embraced by TVM, notably the idea of a balance sheet.

The balance sheet is a key concept in accountancy and in TVM ... but at the community level becomes very understandable and a very simple way of measuring progress. Balance sheet analysis used at the community level provides tangible metrics about progress and specific lessons may be learned.

TVM is to the community what the system of national accounts can be to a nation. Unlike National Accounts, the TVM system is at a level where people and organizations may be held accountable.



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
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