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Meaningful Metrics for a Smart Society
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Date: 2019-09-17 Page is: DBtxt001.php txt00003681

For more on this contact Peter Burgess ... peterbnyc@gmail.com
Follow on Twitter @truevaluemetric
http://www.truevaluemetrics.org


TVM Value Accountancy ... State, Progress and Performance
  • State is like a business balance sheet of all the values and deficits
  • Progress is how much better the 'state' becomes over time ... the valuadd
  • Performance is how much resources are depleted (value consumed) in order to have progress (valuadd)
Society should have accounting and reports that relate to:
  • State, Progress and Performance as it affects the implementing organization; and
  • State, Progress and Performance as it affects people and planet (or place).
TVM Value Accountancy builds on the strong coherent conceptual framework of double entry in money accounting, notably the idea that profit may be computed by aggregating transactions or by calculating the net change in balance sheet accounts.

The 'State' of a place ... whether it is the community or the planet ... at any point in time may be determined more easily than compiling information about all the transactions that gave this result. The 'State' of the place incorporates ideas like Quality of Life, hope and potential as well as the natural resources of the place, whether mineral, environmental, human or organizational.

Economic activity changes 'State'. In modern money profit metrics the results for the organization are accounted for and reported, but the valuadd that changes the 'State' of society is ignored. This is wrong, and this is what TVM Value Accountancy makes right.



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


The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2019 Peter Burgess. All rights reserved.