image missing Date: 2021-10-17 Page is: DBtxt003.php L0900-TVM-enhancing-accountancy-04a


TVM ENHANCING ACCOUNTANCY - #4
FROM CONVENTIONAL TO TRUE VALUE ACCOUNTANCY
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Conventional Financial Accounts
Business should enhance its accounting and reporting so that its conventional financial analysis provides some material information about key issues that hace social and environmental impact
and
Separate Sustainability Report
Various issues related to sustainability are discussed, together with some numerical data mostly about plans rather thana ctual impact. Most of these reports do not link to the financial reporting with clarity and transparency
TVM Enhanced Accounting
Key financial metrics from conventional financial reporting are associated with the related social and environmental impact.
This includes linking key costs and revenues of the business with the impacts associated with the material supply chain. the product production, use and post-use waste chain.
Impact on ALL the Capitals
In conventional financial accounting, the activities of a business have an impact on the balance sheet of the company. With TVM enhanced accounting, the impact on social and natural capital is also taken into consideration not only from the business perspective but also from the perspective of the place and the perspective of people and society not directly related to the business.


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