TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2023-11-30 Page is: DBtxt003.php L020-CC-CORE-CONCEPTS

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CORE CONCEPTS
FROM ENGINEERING, ECONOMICS AND ACCOUNTANCY

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L07-01

ABOUT TRUEVALUEMETRICS (TVM)		Go TOP
TVM -v- CONVENTIONAL FINANCIAL ACCOUNTANCY (CFA) TVM IS LIKE CFA BUT FULLY INCLUDES SOCIAL AND ENVIRONMENTAL DIMENSIONS	Open L0700-TVM-comparison-with-CFA

ACCOUNTING PRINCIPLES -v- RULES		Go TOP
THE PRINCIPLES OF ACCOUNTANCY ARE VERY OLD AND VERY POWERFUL. MODERN RULES HAVE CONSTRAINED PROGRESS TOWARDS A BETTER SYSTEM	Open L0700-CC-Accounting-Principles-v-Rules

AUDIT		Go TOP
AUDIT WAS MANDATED FOR PUBLIC COMPANIES TO STOP THE PRACTICE OF BLATANTLY LYING TO INVESTORS	Open L0300-Audit Open L0700-CC-AUDIT

BALANCE SHEET		Go TOP
THE STATE OF THE REPORTING ENTITY ... ASSETS, LIABILITIES, OWNER'S EQUITY PROGRESS IS A BETTER BALANCE SHEET OVER TIME	Open L0700-CC-BALANCE-SHEET

CAPITALS		Go TOP
CAPITALS FOR MOST OF HISTORY FINANCIAL CAPITAL HAS BEEN CENTRAL INCREASINGLY SOCIAL AND NATURAL CAPITAL ARE GETTING ATTENTION	Open L0700-CC-CAPITALS

CONTINUOUS PERFORMANCE IMPROVEMENT (CPI)		Go TOP
CONTINUOUS PERFORMANCE IMPROVEMENT A COMMON SENSE IDEA BEING FORMALIZED	Open L0700-CC-CONTINUOUS-IMPROVEMENT

COST ACCOUNTING		Go TOP
COST ACCOUNTING MANAGEMENT TOOL THAT LINKS ENGINEERING AND DESIGN TO PERFORMANCE	Open L0700-MT-COST-ACCOUNTING

CORE CONCEPTS		Go TOP
CORE CONCEPTS THE CORE CONCEPTS OF FINANCIAL ACCOUNTING ARE VERY POWERFUL THEY NEED REFRESHING TO BE RELEVANT IN THE 21ST CENTURY	Open L070-CC-CORE-CONCEPTS

COST, PRICE AND VALUE		Go TOP
COST, PRICE & VALUE ACCOUNTING FOR COST AND PRICE GIVES A RESULT CALLED PROFIT THERE IS NOTHING IN CONVENTIONAL ACCOUNTING FOR VALUE	Open L0700-CC-Cost-Price-Value

CREDITS and DEBITS of VALUE		Go TOP
CREDITS-and-DEBITS-of-VALUE MOST MONEY TRANSACTIONS ARE EASILY UNDERSTOOD TO HAVE VALUE VALUE ASSOCIATED WITH SOCIAL AND NATURAL CAPITAL ARE ALSO IMPORTANT	Open L0700-CD-CREDITS-and-DEBITS-of-VALUE

DATA AT THE CENTER		Go TOP
DATA AT THE CENTER EVERYTHING SHOULD BE NUMBERED TO UNDERSTAND CONNECTIONS BALANCE SHEETS ARE A LOGICAL WAY TO FACILITATE UNDERSTANDING	Open L0700-CC-DATA-AT-THE-CENTER

DEFINITIONS / BASIC PRINCIPLES		Go TOP
DEFINITIONS / BASIC PRINCIPLES NAVIGATION TO MORE THAN 100 DEFINITITIONS / PRINCIPLES	Open L0200-DEFINITIONS-for-TVM

DOUBLE ENTRY		Go TOP
DOUBLE ENTRY THIS CONCEPT IS THE BASIS FOR THE ENORMOUS POWER OF ACCOUNTANCY IT SHOULD BE APPLIED TO SOCIAL AND ENVIRONMENTAL VALUES AS WELL	Open L0700-CC-DOUBLE-ENTRY

ENHANCING ACCOUNTANCY		Go TOP
ENHANCING ACCOUNTANCY TO BRING THE POWER OF ACCOUNTANCY TO IMPACT ON ALL THE CAPITALS	Open L0700-CC-ENHANCING-ACCOUNTANCY

FEEDBACK		Go TOP
FEEDBACK RAPID RELEVANT FEEDBACK ENABLES PERFORMANCE IMPROVEMENT	Open L0700-CC-FEEDBACK
FEEDBACK & DATAFLOW DATAFLOW DESIGN ENHANCES THE IMPACT DELIVEblack BY FEEDBACK	Open L0700-CC-FEEDBACK-DATAFLOW

FINANCIALIZATION		Go TOP
FINANCIALIZATION A SINGULAR FOCUS ON FINANCIAL PERFORMANCE ... GROWING PROFIT AND WEALTH	Open L0700-FINANCIALIZATION

FLOW, PROCESS and CHANGE IN STATE		Go TOP
FLOW, PROCESS & CHANGE in STATE EVERY ACTIVITY HAS AN IMPACT ON ALL THE STATES, NOT JUST ONE	Open L0700-TVM-s-FLOW-PROCESS-CHANGEinSTATE
TVM-s-FLOW-PROCESS-CHANGEinSTATE-170529 AN OLDER VERSION OF THE PAGE	Open L0700-TVM-s-FLOW-PROCESS-CHANGEinSTATE-170529

KEY PERFORMANCE INDICATOR (KPI)		Go TOP
KEY PERFORMANCE INDICATOR (KPI) A STREAMLINED WAY OF COMMUNICATING PERFORMANCE	Open L0700-CC-KPI

MANAGEMENT ACCOUNTING		Go TOP
MANAGEMENT ACCOUNTING THE USE OF ACCOUNTING IN SUPPORT OF MANAGEMENT DECISIONS BUT INEFFECTIVE FOR SOCIAL AND ENVIRONMENTAL IMPACT MANAGEMENT	Open L070-MA-MANAGEMENT Open L0700-MA-COST-MNGT-ACCOUNTING Open L0700-MT-MNGT-ACCOUNTING

MATERIALITY		Go TOP
MATERIALITY ISSUES THAT HAVE A BIG IMPACT ON PERFORMANCE	Open L0700-CC-MATERIALITY

MONEY ACCOUNTING & VALUE ACCOUNTING		Go TOP
MONEY ACCOUNTING & VALUE ACCOUNTING AN IMPORTANT ENHANCEMENT OF ACCOUNTING THAT INCORPORATES VALUE	Open L0700-CC-MONEY-ACTG-TO-VALUE-ACTG

PERFORMANCE		Go TOP
PERFORMANCE HOW MUCH IS ACHIEVED RELATIVE TO THE NET RESOURCES CONSUMED NOT WELL DEFINED FOR SOCIAL AND ENVIRONMENTAL PERFORMANCE	Open L0700-CC-PERFORMANCE

PERSPECTIVE		Go TOP
PERSPECTIVES RECOGNIZING THAT ACTIVITY LOOKS DIFFERENT DEPENDING ON POINT OF VIEW	Open L0700-CC-PERSPECTIVES

PRESENT VALUE		Go TOP
PRESENT-VALUE A WAY FOR THE FUTURE TO BE NUMBEblack IN A COHERENT WAY	Open L0700-CC-PRESENT-VALUE

PROCESSES		Go TOP
PROCESSES PROCESSES CHANGE RAW MATERIALS AND LABOR INTO USEFUL PRODUCTS MANY MODERN PROCESSES HAVE BECOME VERY POWERFUL AND PRODUCTIVE	Open L0700-CC-PROCESSES Open L0700-CPC-PROCESSES Open L0700-RE-PROCESSES

PRODUCTS		Go TOP
PRODUCTS PRODUCTS HELP DELIVER QUALITY OF LIFE FOR FOR CONSUMERS BUT PRODUCTS ARE DESIGNED MAINLY TO MAXIMISE PROFITS FOR PRODUCERS	Open L070-PD-PRODUCTS Open L0700-CPC-PRODUCTS Open L0700-RE-PRODUCTS

PROFIT AND LOSS ACCOUNT		Go TOP
PROFIT & LOSS ACCOUNT AN ACCOUNTING SUMMARY OF THE MONEY ACTIVITIES OF THE ENTITY THE EQUIVALENT ARE NEEDED FOR IMPACT ON SOCIETY AND THE ENVIRONMENT	Open L0700-CC-PROFIT-AND-LOSS-ACCOUNT

PROGRESS		Go TOP
PROGRESS THE EASIEST MANAGEMENT METRIC FOR PROGRESS IS CHANGE IN STATE THIS SHOULD BE DONE FOR SOCIAL, ENVIRONMENTAL AND ECONOMIC CAPITALS	Open L0700-CC-PROGRESS

PROGRESS AND PERFORMANCE		Go TOP
PROGRESS & PERFORMANCE THE ESSENTIAL MEASURES FOR ASSESSING ACTIVITIES	Open L0700-CC-PROGRESS-PERFORMANCE

PURHASING POWER PARITY (PPP)		Go TOP
PURCHASING POWER PARITY (PPP) A WAY TO BRING COMPARABILITY TO DIFFERENT ECONOMIC SETTINGS	Open L0700-CC-PPP

QUANTIFICATION		Go TOP
QUANTIFICATION ESSENTIAL FOR EFFECTIVE MEASUREMENT AND MANANGEMENT	Open L0700-CC-QUANTIFICATION

QUANTITATIVE EASING		Go TOP
QUANTITATIVE EASING MONETARY POLICY TOOL AVAILABLE TO THE US FEDERAL RESERVE	Open L0700-CC-QUANTITATIVE-EASING

REPORTING ENTITY		Go TOP
REPORTING ENTITY MOST CORPORATE REPORTING IS CONSTRAINED BY THE REPORTING ENVELOPE WHICH SYSTEMATICALLY EXCLUDES SOCIAL AND ENVIRONMENTAL FACTORS	Open L070-RE-REPORTING-ENTITIES Open L0700-CC-REPORTING-ENTITY

RESPONSIBILITY ACCOUNTING		Go TOP
RESPONSIBILITY ACCOUNTING WITH THIS APPROACH A 'PERSON' BECOMES IDENTIFIED WITH PERFORMANCE THIS TECHNIQUE IS VERY POWERFUL AND VERY UNPOPULAR	Open L0700-CC-///

RETURN ON ASSETS EMPLOYED		Go TOP
RETURN ON ASSETS EMPLOYED RARELY USED BUT A GOOD WAY BETTER TO UNDERSTAND PRODUCTIVITY STRIPS AWAY MOST OF THE GAMING OF RETURN ON INVESTMENT REPORTING	Open L0700-CC-//

RETURN ON INVESTMENT (ROI)		Go TOP
RETURN ON INVESTMENT (ROI) A WIDELY USED METHOD OF COMPARING BUSINESS PERFORMANCE VARIOUS TRICKS ARE USED TO IMPROVE ROI THAT HIDE THE TECHNICAL REALITY	Open L0700-CC-//

SHADOW PRICING		Go TOP
SHADOW PRICING ENABLES ACCOUNTABILITY FOR MATTERS NOT USUALLY ACCOUNTED FOR	Open L0700-CC-Shadow-Pricing

STANDARD-COST-ACCOUNTING		Go TOP
STANDARD COST ACCOUNTING A SIMPLIFICATION OF COST ACCOUNTING THAT ALSO MAKES IT MORE USEFUL	Open L0700-MA-STANDARD-COST-ACCOUNTING

STANDARD VALUE PROFILE		Go TOP
STANDARD VALUE PROFILE ENHANCEMENT OF STANDARD COST FOR ALL DIMENSIONS OF THE SYSTEM	Open L0700-SV-STANDARD-VALUE-PROFILE

UNITS OF ACCOUNT		Go TOP
UNITS OF ACCOUNT MONEY WORKS AS A METRIC FOR THE ECONOMY. BUT NOT FOR SOCIETY AND THE ENVIRONMENT (NATURE)	Open L070-UA-UNITS-OF-ACCOUNT Open L0700-CC-UNITS-OF-ACCOUNT

VALUE ADD		Go TOP
VALUE ADD PROFIT IS THE VALUE ADD FOR THE ECONOMIC DIMENSION THERE IS SOCIAL VALUE ADD AND ENVIRONMENTAL VALUE ADD AS WELL	Open

VARIANCE ANALYSIS		Go TOP
VARIANCE ANALYSIS THIS IS A VERY POWERFUL MANAGEMENT TOOL ESSENTIALLY IT COMPARES ACTUAL PERFORMANCE WITH A BUDGET OR PLAN	Open

MISC / TEMP		Go TOP
Text, images, links that have been removed This material will be edited and moved to better location or deleted	Open L0700-PL-000-TEMP-STUFF-180719

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