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Date: 2024-11-21 Page is: DBtxt003.php L0900-TVM-enhancing-accountancy-05a
TVM ENHANCING ACCOUNTANCY - #5
HOW ECONOMIC ACTIVITIES CHANGE CAPITALS
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  • Conventional financial accounting generates Balance Sheet and P&L Account of business performance
  • TVM enhanced impact accounting generates reporting about people impact as well as other social and environmental impact ... used to reflect impact accounts
A business should be put in the context of ALL the CAPITALS ... that is Social Capital, Natural Capital and Economic Capital.
In this graphic the SUN is also included as a reminder that without the sun, the planet earth would be very cold and life impossible.
Conventionmal financial capital and the accumulation of financial wealth is included in Economic Capital.
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