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Date: 2024-10-19 Page is: DBtxt001.php L0700-TVM-accounting-for-everything-01a
TRUE VALUE METRICS
ACCOUNTABING FOR EVERYTHING
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PEOPLE ARE THE KEY ACTORS
NATURAL SYSTEMS AND SCIENCE DEFINE WHAT IS POSSIBLE
TRUE VALUE METRICS
ACCOUNTABILITY FOR EVERYTHING 		GO TOP
Navigation to everything about True Value Metrics (TVM) Open L070-TVM
Conventional financial accounting uses money as its unit of account, and concerns itself mainly with money revenues, costs and profits without taking into account the 'externalities' which impact society, natural resources and the environment.

The True Value Impact Accounting (TVIA) initiative builds on the powerful well-established double entry accounting construct to account for everything, giving accountability for ALL of CAPITAL (i.e. HUMAN CAPITAL, NATURAL CAPITAL and CREATED PHSYICAL AND INTANGIBLE CAPITALS) and not just FINANCIAL CAPITAL.

TVIA uses multiple UNITS OF ACCOUNT rather than only money and STANDARD VALUE PROFILES for the PRODUCTS that flow through the system

TVIA has a comprehensive architecture that enables coherent progress and performance reporting for ORGANIZATIONS, PEOPLE (Individuals and families), PLACES, PROCESSES, PRODUCTS and STREAMS.

The purpose of TVIA is to enable better decision making to build better societies and a sustainable world. An important part of the initiative is to facilitate better timely decisions by individual people.

The text being discussed is available at
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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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