Date: 2024-11-21 Page is: DBtxt003.php bkTVM009051500
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Burgess Manuscripts
TrueValueMetrics ACTION INFORMATION FOR ALL OF SOCIETY Metrics about the State, Progress and Performance of Society, the Environment and Economy Metrics about Impact on People, Place, Planet and Profit |
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Chapter 5
ACCOUNTING'S KEY CONCEPTS 5-15 CONCEPTS FROM OTHER DISCIPLINES The sector perspective should not be ignored ... ... ... |
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MULTIPLE DISCIPLINES
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 relatively modest modification to make them work for the socio-enviro-economic system as a whole rather than merely for the corporate and financial subset of the system. SOME ENGINEERING CONCEPTS |
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