Date: 2024-10-19 Page is: DBtxt003.php txt00004710
For more on this contact Peter Burgess
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.
Email: peterbnyc@gmail.com
Follow on Twitter @truevaluemetric
Mobile: 212 744 6469 Landline: 570 431 4385
Website: http://www.truevaluemetrics.org
TVM Value Accounting in the Organization
Money profit accounting is a powerful management tool, and used in every successful company. Up to now there has been no equally powerful management tool to address the performance of an organization with respect to impact on People, Place and Planet, the impact on society ... sometimes loosely referred to as the 'externalities'.