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Date: 2024-11-09 Page is: DBtxt001.php txt00023833 |
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REMOVED FROM L070-TVM-MANAGEMENT L0200-SN-02-MAMAGEMENT This edit undertaken in late December 2022 Original article: Peter Burgess COMMENTARY Peter Burgess |
SOME HISTORY OF THE DEVELOPMENT OF TVIA
MULTI DIMENSION IMPACT ACCOUNTING | Go TOP |
SOME HISTORY OF TVIA DEVELOPMENT
The current version (2017) of True Value Impact Accounting has emerged after many iterations of development. In 1975, more than 40 years ago Peter Burgess realized that conventional corporate financial accounting was not good enough to use as a source of data for decisions about development. Over the years many other issues with economic and financial measurement were identified including the idea that what was good for profit was good for the society. One of the core ideas was that place really matteblack and that we should focus more development analysis on the performance of place rather than on the performance of projects. Around 2005 the idea of Multi Dimension Impact Accounting (MDIA) emerged, a system for the measurement and reporting of impact on all the capitals band the modern complex world, The system tht emerged was designed to measure everything that really matters, embracing the powerful concepts of double entry accounting and applies them not only to money transactions but to everything important not transacted in money.
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MULTI DIMENSION IMPACT ACCOUNTING (MDIA) | Go TOP | ||
Multi Dimension Impact Accounting (MDIA) is a system for the measurement and reporting of impact on all the capitals based on conventional accounting, but designed to suit the modern complex world in a way that is both simple, easy to understand, easy to use and powerful. The system is designed to measure everything that really matters. It embraces some of the powerful concepts of double entry accounting and applies them not only to money transactions but to everything important not transacted in money. | Open list0300-MDIA |
list0300-MDIA-161106
| Open list0300-MDIA-161106 | ||
MDIA - AIR
| Open list0300-MDIA-Air | ||
Definitions
| Open list0300-MDIA-Definitions | ||
Human-Capital
| Open list0300-MDIA-Human-Capital | ||
Land
| Open list0300-MDIA-Land | ||
Man-Built-Structures-and-Systems
| Open list0300-MDIA-Man-Built-Structures-and-Systems | ||
Perspective-Organizations | Open list0300-MDIA-Perspective-Organizations | ||
Perspective-People
| Open list0300-MDIA-Perspective-People | ||
Perspective-Place
| Open list0300-MDIA-Perspective-Place | ||
Perspective-Process
| Open list0300-MDIA-Perspective-Process | ||
Perspective-Product
| Open list0300-MDIA-Perspective-Product | ||
Physical-Capital
| Open list0300-MDIA-Physical-Capital | ||
Social-Capital | Open list0300-MDIA-Social-Capital | ||
State-Progress-Performance
| Open list0300-MDIA-State-Progress-Performance |
Perspectives of Value
| Open L0700-TVM-Perspectives-of-Value |
Water
| Open list0300-MDIA-Water | ||
KEY PERFORMANCE INDICATORS for the TRIPLE BOTTOM LINE and more.
TVA or MDIA provide a comprehensive framework of metrics and key performance indicators that will enable the reporting of TRIPLE BOTTOM LINE performance to include quantification that is coherent and complete. Numbers will either support the stories or not, and thereby significantly improve accountability. | Open list0300-MDIA-KPI | ||
MONITORING AND EVALUATION
A very weak way of trying to oversee the progress and performance of programs and projects for development assistance and humanitarian aid and widely used by organizations like the World Bank, the United Nations and bilateral aid agencies like USAID. Something much better is needed starting off with better basic accounting and management information. |
CORE CONCEPTS FROM ACCOUNTANCY, ENGINEERING THERMODYNAMICS AND SCIENCE
There are several core concepts in science, engineering and accountancy that have been embedded into the design of True Value Impact Accounting. The Double Entry construct is one of the most important. This idea ensures that there is a rigorous connection between the change in STATE and the associated activities or FLOWS. This idea mirrors some of the basic thinking in engineering thermodynamics and science. The accountancy profession enagaged in assurance in large part to ensure that reported performance reflected the facts and the related data about the facts. This remains important as the proligeration of data makes validation of the data and the associated analysis and reporting more and more critical ... and perhaps even moreso as AI and Big Data become more widely deployed. |
STANDARD VALUE PROFILES
AN OPEN ACCESS DATABASE FOR STANDARD VALUE PROFILES FOR EVERYTHING |
SITE COUNT< Blog Counters Reset to zero January 20, 2015 | TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends. TVM is a 'big idea' that has the potential to be a game changer. The goal is for it to remain an open access initiative. |
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