TVM ... accounting for valuadd as well as money profit
TrueValueMetrics (TVM) is a system that complements money profit accounting systems so that there is accounting and reporting of economic activity that includes not only money cost, revenue and profit, but also value consumption, value creation and valuadd or value destruction. The system is designed for use in organizations that engage in economic activity of all sorts as well as by individuals, families and communities that are impacted by the economic activity of organizations. Money accounting is several hundred years old and designed so that investors would get an accounting. TVM is new and designed so that people impacted by economic activity will get an accounting. TVM uses many of the concepts that have been developed in recent years for measuring environmental and social impact. TVM also uses the balance sheet change to facilitate easy accounting for progress, and thence performance.
For more on this contact Peter Burgess ... email@example.com
Follow on Twitter @truevaluemetric