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Meaningful Metrics for a Smart Society
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Date: 2019-09-16 Page is: DBtxt001.php txt00003358

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 ... peterbnyc@gmail.com
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http://www.truevaluemetrics.org



The text being discussed is available at
http://www.truevaluemetrics.org

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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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