SOME ENGINEERING CONCEPTS

History

A fusion of several disciplines

TVM Value Accountancy is a fusion of some of the key principles of engineering, management, human behavior and accountancy. The key characteristics of engineering that are incorporated into TVM Value Accountancy come mainly from engineering thermodynamics, control theory, hydraulics and aerodynamics. Ideas from the area of management relate to how get knowledge converted into value.Ideas from human behavior are included because, if not, the chance of anything being of value is very much diminished.

Principles from the established field of corporate accountancy are used because they are are surprisingly close to what is needed ... and simply need some modest modification to make them work for society as a whole rather than merely for the corporate subset of society.