TrueValueMetrics (TVM) is an emerging accounting framework that combines accounting for money flows with accounting for value flows. The concepts used in TVM are those of accounting. The goal is to provide a way to account for and report not only the profit performance of the organization and its balance sheet, but to account for and report on the 'valuadd' that the organization has contributed to society and the impact this has on the balance sheet of society.

In the corporate organization, every single money transactions is recorded, accounted for and reported, using almost universally accepted global standards. TVM treats value flows in a simlar manner. The TVM approach has a lot in common with traditional cost accounting ... especially standard costing. Every economic activity may be described based on the related money flows, but better described using both money flows and value flows. This is the first step in implementing TVM.

Someone from TVM would like to analyze some of your core activities to determine the associated value chains and the impact of these activities on society ... on People, Profit and Planet.