01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Peter Burgess
May 2014
peterbnyc@gmail.com
www.truevaluemetrics.org
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
People (society)
Nature's
bounty
People built
constructs
The FRAMEWORK f...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
This is NATURE'S BOUNTY. It is everything that

is on the earth; and

...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
PEOPLE live on the planet earth.
Everythin...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
Over time PEOPLE constructed a complex tha...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
… and this PEOPLE BUILT complex grew bigge...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
… until the system looks like this … and …...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
… and then like this …
C:TVMwebsiteWebsite...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
… and then like this …
… quality of life b...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement
… and then like this …
… and eventually no...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The FRAMEWORK for Measurement - II
C:TVMwebsiteWebsiteTrueValueMetricsOr...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Beginning balance sheet
Period transactions
Ending balance sheet
C:TVMwe...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The key idea is that you can measure progress
during a period by compari...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The underlying construct for MDIA is this:
C:TVMwebsiteWebsiteTrueValueM...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The purpose of MDIA is to be a system of
metrics for EVERYTHING … not ju...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The purpose of MDIA is to be a system of
metrics for EVERYTHING … not ju...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The purpose of MDIA is to be a system of
metrics for EVERYTHING … not ju...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
You manage what you measure
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-pa...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
You manage what you measure
When you change the way the game is scored,
...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
You manage what you measure
When you change the way the game is scored,
...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
You manage what you measure
When you change the way the game is scored,
...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
You manage what you measure
When you change the way the game is scored,
...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
At the beginning of my career I worked on
the problem of 'computerizatio...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Now the challenge is to get people and
organizations to adopt the metric...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Now the challenge is to get people and
organizations to adopt the metric...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
But in the game of life … the state of people
and the planet … there are...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
But in the game of life … the state of people
and the planet … there are...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of economic activity is to sustain
and improve quality of li...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of economic activity is to sustain
and improve quality of li...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of economic activity is to sustain
and improve quality of li...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The purpose of economic activity is to sustain
and improve quality of li...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The core mission of the MBA education is
is to get prepared to manage an...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The core mission of the MBA education is
is to get prepared to manage an...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The core mission of the MBA education is
is to get prepared to manage an...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)

Conventional accounting is organization centric;

It is only about mo...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)

Conventional accounting is organization centric;

It is only about mo...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)

Conventional accounting is organization centric;

It is only about mo...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The idea that what is good for business
is good for society is fundament...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The idea that what is good for business
is good for society is fundament...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
LABOR … because of improved labor productivity,
more production is possi...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
LABOR … because of improved labor productivity,
more production is possi...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The Johnson and Johnson Credo.
Some things are written in stone …
C:TVMw...
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MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The Johnson and Johnson Credo.
EXTRACTS:
'We are responsible to the doct...
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MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
COMMUNITY … because of technology it has been
possible to have globaliza...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
COMMUNITY … because of technology it has been
possible to have globaliza...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
COMMUNITY … because of technology it has been
possible to have globaliza...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
CONSUMPTION … poor people move up the socio-
economic ladder when they a...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
CONSUMPTION … poor people move up the socio-
economic ladder when they a...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
CONSUMPTION … poor people move up the socio-
economic ladder when they a...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
PRODUCTS … it is products and services that are
the 'links' that are the...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
PRODUCTS … it is products and services that are
the 'links' that are the...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
PRODUCTS … it is products and services that are
the 'links' that are the...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
PRODUCTS … it is products and services that are
the 'links' that are the...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
ECOLOGICAL SERVICES … the things that go on
in nature that are absolutel...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
GDP was introduced as a proxy measure for
economic activity in the 1930s...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
GDP was introduced as a proxy measure for
economic activity in the 1930s...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
These are better metrics:
GPI … Genuine Progress Indicator
GNH … Gross N...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
These are better metrics:
GPI … Genuine Progress Indicator
GNH … Gross N...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
GPI … Genuine Progress Indicator
+ Personal consumption weighted by inco...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
GNH … Gross National Happiness
The term "gross national happiness" was c...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
I was schooled in maths, physics and chemistry. At
university I studied ...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Some important concepts that drive the MDIA
approach to data, metrics an...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
MDIA is not the only initiative that is working on
improving the metrics...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Some of the these are:
1) Trucost
2) CDP (formerly the Carbon Disclosure...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Most of the initiatives to improve reporting are
limited in scope, and a...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
MDIA is a multi-dimension system that accounts
for all the impacts of ec...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Trucost is an organization that has made considerable
progress in quanti...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Trucost is an organization that has made considerable
progress in quanti...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Trucost is an organization that has made considerable
progress in quanti...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
ShrinkThatFootprint is an organization that is working
to inform society...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Numbering the Triple Bottom Line (TBL) with
just three elements of Profi...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Numbering the Triple Bottom Line (TBL) with
just three elements of Profi...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Numbering the Triple Bottom Line (TBL) with
just three elements of Profi...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
MDIA map … People at the Center
C:TVMwebsiteWebsiteTrueValueMetricsOrgTV...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
MDIA map … Organization at the Center
C:TVMwebsiteWebsiteTrueValueMetric...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
MDIA map … Product at the Center
C:TVMwebsiteWebsiteTrueValueMetricsOrgT...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
MDIA map … Place at the Center
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM...
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MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The MDIA construct applied to malaria:
C:TVMwebsiteWebsiteTrueValueMetri...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
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MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Product is a key link that connects everything in the
modern global econ...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
You only manage what you measure.
In order to measure, there must be a g...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
A database of standard values is to be being built.
This database will b...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The 'anchor' for the system of standard values
has been derived from the...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
More examples:
A newborn child born to a relatively well-to-do family in...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
My 'ah-ha' moment was when I became clear
about the difference between t...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
My 'ah-ha' moment was when I became clear
about the difference between t...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
My 'ah-ha' moment was when I became clear
about the difference between t...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
My 'ah-ha' moment was when I became clear
about the difference between t...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
My 'ah-ha' moment was when I became clear
about the difference between t...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
My 'ah-ha' moment was when I became clear
about the difference between t...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
These are the money accounting elements:
●
Cost …........ cost of sales
...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
These are the money accounting elements:
●
Cost …........ cost of sales
...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Payroll … a cost for business
Every business person understands that in ...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Payroll … a cost for business
Every business person understands that in ...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Payroll … Impact for people and society
But the benefits derived from pa...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Payroll … Impact for people and society
But the benefits derived from pa...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Purchased materials
For the organization, purchased materials have a mon...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Purchased materials
For the organization, purchased materials have a mon...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Products sold
For the organization, in the money accounting, the product...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Products bought
For a consumer, the price paid is the main metric.
The c...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Products bought
For a consumer, the price paid is the main metric.
The c...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Products bought
For a consumer, the price paid is the main metric.
The c...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Products bought
For a consumer, the price paid is the main metric.
The c...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Energy used
Energy is a critical input for the modern economy.
In the Un...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Energy used
Energy is a critical input for the modern economy.
In the Un...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Energy used
Energy is a critical input for the modern economy.
In the Un...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Energy used
While energy is a critical input for the modern economy,
fos...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Energy used
While energy is a critical input for the modern economy,
fos...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Energy used
While energy is a critical input for the modern economy,
fos...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presen...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
Accounting has been very successful over a very
long time in organizing ...
01:13 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
May 2014
peterbnyc@gmail.com
www.truevaluemetrics.org
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MDIA - PRESENTATION B - 140514c (work in progress)

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Multi Dimension Impact Accounting (MDIA) is a foundation of accounting and analysis that embraces both the money profit dimension of performance, and the impact on people and the impact on the environment (planet). In addition MDIA enables analysis of economic activity from multiple perspectives.

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MDIA - PRESENTATION B - 140514c (work in progress)

  1. 1. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Peter Burgess May 2014 peterbnyc@gmail.com www.truevaluemetrics.org
  2. 2. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) People (society) Nature's bounty People built constructs The FRAMEWORK for Measurement C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  3. 3. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) This is NATURE'S BOUNTY. It is everything that  is on the earth; and  is in the earth; and  comes from the sun. The FRAMEWORK for Measurement NATURE'S BOUNTY is big but it is not infinite C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  4. 4. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement PEOPLE live on the planet earth. Everything that people use to live their lives comes from planet earth in some form or other In the beginning PEOPLE were small relative to NATURE'S BOUNTY C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  5. 5. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement Over time PEOPLE constructed a complex that enabled a better quality of life In the beginning the PEOPLE BUILT complex was small relative to NATURE'S BOUNTY. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  6. 6. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement … and this PEOPLE BUILT complex grew bigger and quality of life got better … C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  7. 7. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp … and this PEOPLE BUILT complex grew bigger and quality of life got better … and population gets bigger …
  8. 8. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement … until the system looks like this … and … C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  9. 9. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement … and then like this … C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp … with nature's bounty being compromised
  10. 10. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement … and then like this … … quality of life being compromised … C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp … with nature's bounty being even more compromised
  11. 11. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement … and then like this … … and eventually no human life C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp … and nature's bounty starting a million year recovery
  12. 12. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The FRAMEWORK for Measurement - II C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  13. 13. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Beginning balance sheet Period transactions Ending balance sheet C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp This is the basic construct of money profit business accounting The same construct may be used for value accounting The FRAMEWORK for Measurement - II
  14. 14. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The FRAMEWORK for Measurement - II
  15. 15. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The FRAMEWORK for Measurement - II
  16. 16. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The key idea is that you can measure progress during a period by comparing the 'State' from the beginning of the period (BOP) to the end of the period (EOP). C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The FRAMEWORK for Measurement - II
  17. 17. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The underlying construct for MDIA is this: C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  18. 18. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The purpose of MDIA is to be a system of metrics for EVERYTHING … not just the metrics for business profit, stock prices and GDP growth! The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  19. 19. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The purpose of MDIA is to be a system of metrics for EVERYTHING … not just the metrics for business profit, stock prices and GDP growth! The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  20. 20. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The purpose of MDIA is to be a system of metrics for EVERYTHING … not just the metrics for business profit, stock prices and GDP growth! The metrics for everything must be as rigorous for people and planet (environment) as conventional accounting and corporate management information systems are for profit performance. The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  21. 21. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  22. 22. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, You change the way the game is played. The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  23. 23. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, you change the way the game is played. Consider the case of basketball. There is a simple, rigorous way of keeping score to know who wins. The coach plans the game before the game starts. Each play the coach reviews how it went. Feedback … the coach changes the play to get the best possible result in the next play. Doing this … a good coach wins the game. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  24. 24. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, you change the way the game is played. Consider the case of basketball. There is a simple, rigorous way of keeping score to know who wins. The coach plans the game before the game starts. Each play the coach reviews how it went. Feedback … the coach changes the play to get the best possible result in the next play. Doing this … a good coach wins the game. Every sport has sophisticated metrics ... C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  25. 25. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, you change the way the game is played. Consider the case of basketball. There is a simple, rigorous way of keeping score to know who wins. The coach plans the game before the game starts. Each play the coach reviews how it went. Feedback … the coach changes the play to get the best possible result in the next play. Doing this … a good coach wins the game. Every sport has sophisticated metrics … But in the game of life … the only metrics are wrong metrics! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  26. 26. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp This is not the first time!
  27. 27. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) At the beginning of my career I worked on the problem of 'computerization' and getting old line managers to accept and adopt the new fangled 'management information systems and budgeting. 50 years later every well managed company has very sophisticated MIS, budgeting and control, all based on the central core the company's financial accounting. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp This is not the first time!
  28. 28. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Now the challenge is to get people and organizations to adopt the metrics that are needed so that the performance of society is improved (optimized) and people have a better quality of life while doing the least damage to the environment. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp This is not the first time!
  29. 29. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Now the challenge is to get people and organizations to adopt the metrics that are needed so that the performance of society is improved (optimized) and people have a better quality of life while doing the least damage to the environment. There are advanced mathematical constructs for all sorts of things:  Profit optimization;  Capital market behavior;  Advertising products and services;  Weather forecasting;  Selecting players for sports teams. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  30. 30. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) But in the game of life … the state of people and the planet … there are very poor metrics C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  31. 31. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) But in the game of life … the state of people and the planet … there are very poor metrics Metrics have to be:  Easy to understand;  Quick to produce;  Low cost;  Believable;  Relevant;  And the list goes on ... C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of MDIA
  32. 32. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The PURPOSE of economic activity is to sustain and improve quality of life and standard of living. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  33. 33. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The PURPOSE of economic activity is to sustain and improve quality of life and standard of living. People are at the center … organizations are only a means to this end. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  34. 34. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The PURPOSE of economic activity is to sustain and improve quality of life and standard of living. People are at the center … organizations are only a means to this end. High performance economic activity delivers progress for people with the lowest possible stress on the resources of the planet and damage to the environment and natural ecosystems. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  35. 35. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The purpose of economic activity is to sustain and improve quality of life and standard of living. People are at the center … organizations are only a means to this end. High performance economic activity delivers progress for people with the lowest possible stress on the resources of the planet and damage to the environment and natural ecosystems. This is not what has been taught at prestigious business schools for the past 50 years. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  36. 36. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The core mission of the MBA education is is to get prepared to manage an organization so that it makes the most profit. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  37. 37. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The core mission of the MBA education is is to get prepared to manage an organization so that it makes the most profit. More and more this has incorporated tools for financial engineering that is so much simpler than real engineering. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  38. 38. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The core mission of the MBA education is is to get prepared to manage an organization so that it makes the most profit. More and more this has incorporated tools for financial engineering that is so much simpler than real engineering. And so much less valuable for society! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The PURPOSE of Economic Activity
  39. 39. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA)  Conventional accounting is organization centric;  It is only about money transactions;  It is about impact of transactions on profit; and ● It is about how profit impacts stock price. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting
  40. 40. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA)  Conventional accounting is organization centric;  It is only about money transactions;  It is about impact of transactions on profit; and  It is about how profit impacts stock price. Decision are based on ROI … return on investment C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting
  41. 41. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA)  Conventional accounting is organization centric;  It is only about money transactions;  It is about impact of transactions on profit; and  It is about how profit impacts stock price. Decision are based on ROI … return on investment EXTERNALITIES ARE IGNORED C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting
  42. 42. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting A big part of conventional accounting has been turned over to 'gaming' the accounts so that taxes are minimized. This is a problem which has resulted in almost all government entities on the planet being short of money to do what they ought to be doing.
  43. 43. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting Conventional government accounting is 'cash based' accounting. This is a system that is far less rigorous that the 'accrual based' accounting that is used for private sector businesses. This system facilitates poor performance, and worse, makes corruption way more difficult to identify and stop.
  44. 44. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting The ignored EXTERNALITIES are big and many:  Impact on PEOPLE  Impact on COMMUNITY / PLACE  Impact on PLANET  Resource depletion  Environmental degradation
  45. 45. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting The ignored EXTERNALITIES are big and many:  Impact on PEOPLE  Impact on COMMUNITY / PLACE  Impact on PLANET  Resource depletion  Environmental degradation There is also IMPACT that is associated with PRODUCT This flows all the way through the supply chain, through use and into the post use waste chain.
  46. 46. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting Product cost is only about the money transaction
  47. 47. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Limitations of Conventional Accounting Product cost is only about the money transaction But PRODUCT has a history through the supply chain that is part of the 'trucost' of the product which should be brought into account:  People impact … good and bad;  Taxes paid … or not paid;  Raw materials consumed:  Impact on resource depletion;  Impact associated with energy consumed;  Impact on environmental degradation;  Resources applied to pro-good initiatives;  Profits earned.
  48. 48. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The idea that what is good for business is good for society is fundamentally wrong. This may have been a reasonable proxy for improved quality of life and standard of living in the past … but that past ended about 40 years ago. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Business Success -v- Social Success
  49. 49. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The idea that what is good for business is good for society is fundamentally wrong. This may have been a reasonable proxy for improved quality of life and standard of living in the past … but that past ended about 40 years ago. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Business Success -v- Social Success
  50. 50. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) LABOR … because of improved labor productivity, more production is possible with less labor, and with less labor the role of labor in delivering quality of life and standard of living is diminished. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  51. 51. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) LABOR … because of improved labor productivity, more production is possible with less labor, and with less labor the role of labor in delivering quality of life and standard of living is diminished. With more productivity PEOPLE should be having a better quality of life than ever before. This will only happen when the 'business model' has people at the center and not profit. See the Johnson and Johnson business 'credo' C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  52. 52. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The Johnson and Johnson Credo. Some things are written in stone … C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  53. 53. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The Johnson and Johnson Credo. EXTRACTS: 'We are responsible to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services … 'We are responsible to our employees … 'We are responsible to the communities in which we live and work … 'Our final responsibility is to our stockholders … This was written in 1943 just before the company went public! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  54. 54. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) COMMUNITY … because of technology it has been possible to have globalization, and the role of the local community has been diminished. This has had a detrimental impact on quality of life. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  55. 55. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) COMMUNITY … because of technology it has been possible to have globalization, and the role of the local community has been diminished. This has had a detrimental impact on quality of life. When issues like energy use are taken into account, some of advantages of technology and globalization are no longer positive. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  56. 56. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) COMMUNITY … because of technology it has been possible to have globalization, and the role of the local community has been diminished. This has had a detrimental impact on quality of life. When issues like energy use are taken into account, some of advantages of technology and globalization are no longer positive. When there is a local business payroll, the benefits in the community are a multiple of the payroll. This is sometimes referred to as the 'local multiplier' C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  57. 57. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) CONSUMPTION … poor people move up the socio- economic ladder when they are able to earn enough to buy things and consume more. There is a point where more consumption has relatively little impact on quality of life. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  58. 58. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) CONSUMPTION … poor people move up the socio- economic ladder when they are able to earn enough to buy things and consume more. There is a point where more consumption has relatively little impact on quality of life. There is more and more consumption, not because it is needed to improve quality of life but because the dominant corporate business model is based on more and more sales to produce more and more profit. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  59. 59. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) CONSUMPTION … poor people move up the socio- economic ladder when they are able to earn enough to buy things and consume more. There is a point where more consumption has relatively little impact on quality of life. There is more and more consumption, not because it is needed to improve quality of life but because the dominant corporate business model is based on more and more sales to produce more and more profit. Whether or not this improves quality of life is of no concern to most business organizations and investors. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  60. 60. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) PRODUCTS … it is products and services that are the 'links' that are the modern economy. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  61. 61. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) PRODUCTS … it is products and services that are the 'links' that are the modern economy. ● Products go around the globe … in the supply chain. ● Products get used around the globe ● Products become waste and pollute the globe C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  62. 62. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) PRODUCTS … it is products and services that are the 'links' that are the modern economy. ● Products go around the globe … in the supply chain. ● Products get used around the globe ● Products become waste and pollute the globe Products are the 'node' where decisions are made about 'to buy or not to buy' and 'to use or not to use' C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  63. 63. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) PRODUCTS … it is products and services that are the 'links' that are the modern economy. ● Products go around the globe … in the supply chain. ● Products get used around the globe ● Products become waste and pollute the globe Products are the 'node' where decisions are made about 'to buy or not to buy' and 'to use or not to use' Products are used as raw materials for production and become finished goods for sale. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  64. 64. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) ECOLOGICAL SERVICES … the things that go on in nature that are absolutely vital to the survival of living things on this planet. Without these, life would disappear. These services are under stress. The environment is in the process of changing far faster than at any time in history … geological history, that is. These services are ignored in conventional metrics, both financial and economic. They must be taken into account. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp We need to look at the world in a very different way
  65. 65. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) GDP was introduced as a proxy measure for economic activity in the 1930s. GDP as a proxy for improved quality of life and standard of living in may have been realistic in a world where labor was a critical constraint … but that ended somewhere around the 1970s. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp GDP is a wrong measure of performance
  66. 66. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) GDP was introduced as a proxy measure for economic activity in the 1930s. GDP as a proxy for improved quality of life and standard of living in may have been realistic in a world where labor was a critical constraint … but that ended somewhere around the 1970s. GDP growth is even worse as a measure of socio-economic performance. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp GDP is a wrong measure of performance
  67. 67. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) These are better metrics: GPI … Genuine Progress Indicator GNH … Gross National Happiness C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp GDP is a wrong measure of performance
  68. 68. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) These are better metrics: GPI … Genuine Progress Indicator GNH … Gross National Happiness MDIA is a better metric … but it is different from GDP and these indicators. These are macro indicators, while MDIA is a management type metric. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp GDP is a wrong measure of performance
  69. 69. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) GPI … Genuine Progress Indicator + Personal consumption weighted by income distribution index + Value of household work and parenting + Value of higher education + Value of volunteer work + Services of consumer durables + Services of highways and streets - Cost of crime - Loss of leisure time - Cost of unemployment - Cost of consumer durables - Cost of commuting - Cost of household pollution abatement - Cost of automobile accidents - Cost of water pollution - Cost of air pollution - Cost of noise pollution - Loss of wetlands - Loss of farmland -/+ Loss of forest area and damage from logging roads - Depletion of nonrenewable energy resources - Carbon dioxide emissions damage - Cost of ozone depletion +/- Net capital investment +/- Net foreign borrowing = GPI C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp GDP is a wrong measure of performance
  70. 70. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) GNH … Gross National Happiness The term "gross national happiness" was coined in 1972 by Bhutan's King, Jigme Singye Wangchuck. About 40 countries have embraced the idea, but it remains too subjective for universal use. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp GDP is a wrong measure of performance
  71. 71. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) I was schooled in maths, physics and chemistry. At university I studied engineering, and then studied economics. Post university I became a Chartered Accountant; After audit experience, I have had a variety of corporate management accounting roles, including controller, budget manager, CFO, etc. After corporate career, I became an international management consultant, working on assignments for World Bank, United Nations and private business clients. I have worked in more than 50 countries including some of the richest places in the World and some of the poorest. I have 'lessons learned' from all of these experiences. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp My background
  72. 72. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Some important concepts that drive the MDIA approach to data, metrics and analysis 1) The basic ideas of chemistry … the chemical equations; 2) Newton's laws of motion; 3) Engineering thermodynamics; 4) Hydraulic flows; 5) Economic equilibrium; 6) Double entry accounting; 7) The concept of balance sheet and profit and loss account. 8) Value chains; 9) You manage what you measure; 10) There are limits to everything. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Key concepts built into MDIA
  73. 73. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA is not the only initiative that is working on improving the metrics used for business and social decision making. Some of the these are: 1) GRI (The Global Reporting Initiative); 2) GIIRS (Global Impact Investment Reporting System) launched by the B-Corp Institute; 3) IRIS (Impact Reporting and Investment System) launched by GIIN (Global Impact Investing Network); 4) IR (Integrated Reporting) launched by IIRC (International Integrated Reporting Council); 5) SASB (Sustainable Accounting Standards Board); 6) SROI (Social Return on Investment); etc. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Other initiatives to improve reporting
  74. 74. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Some of the these are: 1) Trucost 2) CDP (formerly the Carbon Disclosure Project) 3) PUMA's Environmental Profit and Loss Account 4) TEEB (The Economics of Ecosystems and Biodiversity) 5) Natural Capital Coalition (formerly TEEB for Business) 6) ShrinkThatFootprint etc. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp More initiatives
  75. 75. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Most of the initiatives to improve reporting are limited in scope, and almost universally have the organization as the reporting entity. MDIA has economic activity at the center with people the primary beneficiary, and the natural environment an integral part of the system. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp MIDA is accounting … the basis for reporting
  76. 76. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA is a multi-dimension system that accounts for all the impacts of economic activity: ● on profit; ● on people; ● on planet; ● on place; and ● on product. NB The data architecture for MDIA is designed to link efficiently with easily accessible data in conventional accounting and management systems. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp MIDA is accounting … the basis for reporting
  77. 77. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Trucost is an organization that has made considerable progress in quantifying 'trucost'. Trucost, the organization, is based in the UK and has been associated with a number of the ground-breaking studies of the impact of product on the environment. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp TruCost
  78. 78. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Trucost is an organization that has made considerable progress in quantifying 'trucost'. Trucost, the organization, is based in the UK and has been associated with a number of the ground-breaking studies of the impact of product on the environment. One of these reports was PUMA's Environmental Profit and Loss Account in 2010 that showed how little PUMA's owned operations were impacting environment, but how much impact on the environment was associated with the company's supply chain. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp TruCost
  79. 79. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Trucost is an organization that has made considerable progress in quantifying 'trucost'. Trucost, the organization, is based in the UK and has been associated with a number of the ground-breaking studies of the impact of product on the environment. Another TruCost report was prepared for TEEB for Business Coalition about the Top 100 Externalities of Business. This report confirms the high natural capital cost that sectors like coal power generation, iron and steel production, cement manufacturing, cattle ranching, rice farming and wheat farming have on the environment. The TEEB for Business Coalition is now the Natural Capital Coalition TEEB stands for 'The Economics of Ecosystems and Biodiversity' C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp TruCost
  80. 80. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) ShrinkThatFootprint is an organization that is working to inform society about the impact of ordinary day to day decisions on the carbon footprint. http://ShrinkThatFootprint.com C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp ShrinkThat Footprint
  81. 81. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Numbering the Triple Bottom Line (TBL) with just three elements of Profit, People and Planet sounds easy, but the reality is that society and the economy are incredibly complex. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp MDIA mapping
  82. 82. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Numbering the Triple Bottom Line (TBL) with just three elements of Profit, People and Planet sounds easy, but the reality is that society and the economy are incredibly complex. In reality, predictive analysis of this level of complexity cannot be done with any reliability at all. There are simply too many variables. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp MDIA mapping
  83. 83. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Numbering the Triple Bottom Line (TBL) with just three elements of Profit, People and Planet sounds easy, but the reality is that society and the economy are incredibly complex.. In reality, predictive analysis of this level of complexity cannot be done with any reliability at all. There are simply too many variables. This becomes apparent in the following maps: 1) People at the Center 2) Organization at the Center 3) Product at the Center 4) Place at the Center C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp MDIA mapping
  84. 84. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA map … People at the Center C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  85. 85. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA map … Organization at the Center C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  86. 86. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA map … Product at the Center C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  87. 87. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA map … Place at the Center C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  88. 88. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The MDIA construct applied to malaria: C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Note that the performance analysis is being done at the community level where specific interventions and specific impact are easy to measure
  89. 89. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp The lowest cost data are data that already exist and may simply be repurposed. In an organization there are already conventional financial accounts and a variety of key performance indicators and other operating statistics. These existing data may be linked to MDIA style impact analysis. A growing amount of data are becoming available about place. Such data needs to be organized so that it may be used for MDIA analysis. Additional data may be needed. A substantial amount of data are available about products and services. Much of the data are related to product profitability and advertising initiatives, but similar data may be accumulated about all the impacts of products through the product life cycle. Social media has a focus on the individual. Some of these data may be repurposed to support needed behavior change And the achievement of better quality of life with reduced lower impact on the environment. The best data are low cost and high value
  90. 90. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Management by walking around Early in my career I took part in a Du Pont training program called 'Observation and Perception'. The trainees were amazed at how little we saw before the course and how much more we saw after the course. That was 50 years ago and I still see a lot more than most people. I have used 'walk arounds' as a an essential part of how I work and how I learn things that will never appear in formal reports and feedback systems. A check with reality is very helpful. Also advanced use of common sense. The best data are low cost and high value
  91. 91. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp A summary profit an loss account is going to have these elements: * Revenues * Cost of sales * Gross margin * Sales, general and admin costs * Financial costs * Taxes * Profit What do business accounts look like
  92. 92. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp A summary profit an loss account is going to have these elements: * Revenues * Cost of sales * Gross margin * Sales, general and admin costs * Financial costs * Taxes * Profit It is not easy to determine impact on people and planet from this summary information … but within these numbers there is a lot of useful information. What do business accounts look like
  93. 93. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp A summary profit an loss account is going to have these elements: * Revenues * Cost of sales * Gross margin * Sales, general and admin costs * Financial costs * Taxes * Profit It is not easy to determine impact on people and planet from this summary information … but within these numbers there is a lot of useful information. This includes items like: * Production / sales of products * Payroll * Purchase of products * Purchase of energy * Purchase of transportation What do business accounts look like
  94. 94. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Product is a key link that connects everything in the modern global economy. As product flows one way through the supply chain, money flows in the other direction. Product is used in an economic activity and new Product comes out of an economic activity. People make a 'buy' or 'not to buy' decision for a product … and this, in turn sends a signal to the producers and and the whole of the supply chain. Product has a supply chain. Product also has impact during use, and then in the post use waste cycle. To a great extend use of product is an important determinant of quality of life and standard of living. Why is product important C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  95. 95. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp In conventional accounting product purchased and sold is recorded based on a simple money transaction at a price. The elements of trucost that are included in the price summarize everything that has happened as this product has passed along the supply chain: * materials * energy * payroll * financial costs * taxes * pro-good expenses * profit There are also beneficial impacts arising as follows: * benefits associated with payroll * benefits associated with taxes There are also negative impacts arising as follows: * workplace safety * resource depletion * environmental degradation What is the impact of product
  96. 96. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Why organizations are important Organizations have organization which is missing elsewhere in society. The processes used by organizations are very important in the efficiency of society and the economy. Organizations have optimized for profit for the past 200 years, and this remains the dominant metric for Performance. Optimizing for profit (and profit alone) explains why electricity is produced by low cost coal fired generating stations with high GHG emissions rather than less polluting alternatives. This cannot change as long as money profit remains the dominant metric. A cost of carbon pollution needs to be costed into the cost of energy everywhere throughout the energy supply chain.
  97. 97. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Place is important because all living is done in a place, and all economic activity is done in a place. It is possible to see things in a place. Without accounting In a place, it becomes very difficult to have any meaningful accountability. Why place is important
  98. 98. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Place is important because all living is done in a place, and all economic activity is done in a place. It is possible to see things in a place. Without accounting In a place, it becomes very difficult to have any meaningful accountability. Why place is important In my own career I have spend a lot of time in different places. What I have seen because of 'walking around' in a place has given me a perspective on the performance of society that has changed my life. A specific example that I will never forget is the pollution associated with international oil company operations in the Niger Delta in Nigeria.
  99. 99. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Place is important because all living is done in a place, and all economic activity is done in a place. It is possible to see things in a place. Without accounting In a place, it becomes very difficult to have any meaningful accountability. Why place is important Another example are the places I have visited during the catastrophic drought in the Horn of Africa in the 1980s. I will never forget the impact that water has on life itself. Yet rather little has been done to ensure water security for all.
  100. 100. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Quality of life Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security PEOPLE BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Industrial processes Mining Energy production Built infrastructure Governance institutions Rule of law Civil society organizations Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) Resource depletion Environmental degradation Supplychain trucost PEOPLE State of Place … impact on people, resource depletion and environmental degradation Profit of Business … impact on people, Resource depletion and environmental degradation. Impact of consumption W aste chain trucost Standard values
  101. 101. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Quality of life Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security PEOPLE BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Industrial processes Mining Energy production Built infrastructure Governance institutions Rule of law Civil society organizations Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) Resource depletion Environmental degradation Supplychain trucost PEOPLE State of Place … impact on people, resource depletion and environmental degradation Profit of Business … impact on people, Resource depletion and environmental degradation. Impact of consumption W aste chain trucost Standard values
  102. 102. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp PEOPLE Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security HUMAN BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Built infrastructure Governance institutions Rule of law Civil society organizations Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) MDIA is based on the components shown on the left Note the hierarchy: * People at the top * It is products and services that deliver quality of life * These are produced via human built constructs * Everything depends in the end on nature's bounty High performance is having PEOPLE with a high standard of living and quality of life AND While making the least possible demand on NATURE'S BOUNTY
  103. 103. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp PEOPLE Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security HUMAN BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Built infrastructure Governance institutions Rule of law Civil society organizations Knowledge Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) People are at the top of the MDIA analysis. There is progress when people get a better quality of life (QoL) and standard of living. More income and wealth is an element of QoL, but it is not the only one. Other elements are: * Education, skills and experience; * Employment; * Access to job opportunities; * State of health; * Security; * Access to food and other products * Housing; * Family and friends; * Access to infrastructure; * etc What is the impact of people on the environment? This is largely a function of the consumption pattern of the people.
  104. 104. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp PEOPLE Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security HUMAN BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Built infrastructure Governance institutions Rule of law Civil society organizations Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) Note the role of products and services In this framework. It is products and services that give people their quality of life and standard of living. Income or wealth makes it possible for people to buy products and services. Income comes mainly from employment. Income may also come from the investment of wealth. Economic activities produce products and services. These require investment, and require labor. Getting this in equilibrium in the prevailing outdated monetary economy is difficult. Money needs to be complemented by a unit of value
  105. 105. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp PEOPLE Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security HUMAN BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Built infrastructure Governance institutions Rule of law Civil society organizations Knowledge Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) Nature's Bounty is the foundation upon which everything rests. It is the origin of all the 'wealth' that presently exists for the benefit of humankind. For most of history economic activity has been quite small relative to the environment. Over the past 200 years growth of economic activity now strains the natural environment. * Depletion of natural resources; * Depletion of water resources; * Depletion of land; * Depletion of forests; * Depletion of mineral resources; * Depletion of energy resources * Depletion of biodiversity * Degradation of the environment; * Water pollution … rivers; * Water pollution … oceans; * Water pollution … aquafers * Land … development * Land … waste land fill * Air pollution … particulates * Air pollution … sulphur, nitrous oxides, etc * Air pollution … greenhouse gases, CO2, methane
  106. 106. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp PEOPLE Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security HUMAN BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Built infrastructure Governance institutions Rule of law Civil society organizations Knowledge Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) Note where business organizations are in this framework. They are just one part of the human built constructs The purpose of such organizations is to produce PRODUCTS AND SERVICES in the most efficient way possible. Efficient is defined as the most good (that is valuadd, with the least consumption of value. This is similar to business profit and ROI except substituting value units for money There needs to be a mechanism to reward investors when they invest for good just as there is when they invest for profit. Maybe this can be accomplished with a construct like a Social Capital Market.
  107. 107. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp PEOPLE Individual Family Friends Community National Society Global Society PRODUCTS AND SERVICES Food Water Shelter Clothing Energy Health Education Transport Security HUMAN BUILT CONSTRUCTS NATURE'S BOUNTY Place (cities, towns, etc) Business organizations Built infrastructure Governance institutions Rule of law Civil society organizations Knowledge Mineral resources Energy resources Land Water Air Animal life (fauna) Plant life (flora) Place is a key component of MDIA because it is place where everything of society and the economy is located. All economic activity is located in a place. The economic activity is where people work and get paid. People live in a place. Pollution occurs in a place, and it may be identified in a place by simple observation. * Depletion of natural resources; * Depletion of water resources; * Depletion of land; * Depletion of forests; * Depletion of mineral resources; * Depletion of energy resources * Depletion of biodiversity * Degradation of the environment; * Water pollution … rivers; * Water pollution … oceans; * Water pollution … aquafers * Land … development * Land … waste land fill * Air pollution … particulates * Air pollution … sulphur, nitrous oxides, etc * Air pollution … greenhouse gases, CO2, methane
  108. 108. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You only manage what you measure. In order to measure, there must be a generally accepted way to quantify value Up to now the main thrust has been to put a money value on different elements that go into the making of impact. While this may be helpful, it introduces all the Issues associated with money. MDIA simple quantifies ALL values relative to each other, without any reference to how these quantities exchange into money. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Quantification of Value - Standard Values
  109. 109. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) A database of standard values is to be being built. This database will be updated using a simple crowdsourcing approach. Small sets of 'standard values' will be presented to users who will give their version of relative values. The database will be updated with additional values. Summary benchmark values will be calculation from time to time to reflect the updated data C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Quantification of Value - Standard Values
  110. 110. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The 'anchor' for the system of standard values has been derived from the following: A newborn child has a standard value of 1 million (1,000,000) standard value units (SVUs) A human life has this standard value. Depending on all the factors that are part of the MDIA framework, this standard value adjusts to reflect all factors that go into the quality of life (QoL) of the individual. A newborn child born to a relatively well-to-do family in (say) Germany, will retain a value of 1 million SVU. On the other hand, a newborn child born in a remote part of (say) Somalia will have much lower value as a result of deficits in almost everything that is needed to sustain the norm. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Quantification of Value - Standard Values
  111. 111. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) More examples: A newborn child born to a relatively well-to-do family in (say) Germany, will retain a value of 1 million SVU. On the other hand, a newborn child born in a remote part of (say) Somalia will have much lower value as a result of deficits in almost everything that is needed to sustain the norm. A person in their 70s is unlikely to have retained a value of 1 million SVUs, in large part because expectation of life is now quite short. The value may be something like 500,000. On the other hand QoL may be quite good if health is good. However, the moment that health deteriorates, the value drops dramatically to (say) 200,000 or lower. A person going through university has many threads associated with their value. As they acquire more learning, the value goes up, But there are expenses associated with the learning so another component of the value goes down. If the job opportunities are good the value tends upward, but if the job opportunities are poor the value tends downward. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Quantification of Value - Standard Values
  112. 112. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) My 'ah-ha' moment was when I became clear about the difference between these three ideas: Cost C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  113. 113. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) My 'ah-ha' moment was when I became clear about the difference between these three ideas: Cost, Price C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  114. 114. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) My 'ah-ha' moment was when I became clear about the difference between these three ideas: Cost, Price, and Value. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  115. 115. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) My 'ah-ha' moment was when I became clear about the difference between these three ideas: Cost, Price, and Value. The way cost and price are used incorrectly in the media is appalling, and as a result much of the discussion of important issues is not at all useful. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  116. 116. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) My 'ah-ha' moment was when I became clear about the difference between these three ideas: Cost, Price, and Value. The way cost and price are used incorrectly in the media is appalling, and as a result much of the discussion of important issues is not at all useful. For example: Much of the discussion of the 'cost' of healthcare is really to do with the price of healthcare C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  117. 117. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) My 'ah-ha' moment was when I became clear about the difference between these three ideas: Cost, Price, and Value. The way cost and price are used incorrectly in the media is appalling, and as a result much of the discussion of important issues is not at all useful. For example: Much of the discussion of the 'cost' of healthcare is really to do with the price of healthcare. It was back in the 1980s that I first expressed the idea that the biggest 'cost' in modern business and for society in general and the economy is 'profit'! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  118. 118. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) These are the money accounting elements: ● Cost …........ cost of sales ● Price …........ revenue ● Difference … profit These are the value elements of MDIA: ● Value consumed; ● Value produced / realized ● Valuadd Value is, of course, a multi-dimensional idea! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  119. 119. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) These are the money accounting elements: ● Cost …........ cost of sales ● Price …........ revenue ● Difference … profit These are the value elements of MDIA: ● Value consumed; ● Value produced / realized ● Valuadd Value is, of course, a multi-dimensional idea! Work by PwC in the UK is going in the same direction, but broadly from an organization-centric perspective. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  120. 120. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Payroll … a cost for business Every business person understands that in the money profit accounts, the cost of payroll is an expense that reduces the profits. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  121. 121. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Payroll … a cost for business Every business person understands that in the money profit accounts, the cost of payroll is an expense that reduces the profits. When productivity improvement makes it possible to reduce the payroll, the the profits go up. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  122. 122. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Payroll … Impact for people and society But the benefits derived from payroll are in society as well as in the business. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  123. 123. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Payroll … Impact for people and society But the benefits derived from payroll are in society as well as in the business. The impact on the individual when he/she loses his/her job and no longer is earning $40,000 a year is bigger than the impact on the business profit. The individual and the family are not getting an amount of $40,000 from the job remuneration. The community does not have this money flowing through the local businesses. The profit of the organization has increased by some amount … $20,000 (that is $40,000 less (say) $20,000 (the annualized cost of the productivity improvement investment The negative impact on society is $200,000 made up as follows: * The impact on the individual … $40,000; * The impact on the family … $40,000 ; and * The local multiplier impact on the community (probably between 2 and 4 (say 3) … $120,000 C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  124. 124. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Purchased materials For the organization, purchased materials have a money cost, and this cost reduces profit by the money cost of the purchases. Efficient processes and product design reduces this cost and increases profit. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  125. 125. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Purchased materials For the organization, purchased materials have a money cost, and this cost reduces profit by the money cost of the purchases. Efficient processes and product design reduces this cost and increases profit. But purchased materials also carry within them the whole history of the supply chain which must be taken into account. This may be done using a trucost standard values. These incorporate the value (supply) chain profile for each purchased material. For MDIA there is the comprehensive 'value consumption' metrics rather than simply 'money cost'. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  126. 126. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Products sold For the organization, in the money accounting, the products sold have a price, which translates into revenue. There is also money based cost of sales and a computed gross margin and profit. These products sold also carry within them the whole history of the supply chain to this point. From this it is possible to determine the impact on people and planet associated with each product. There is a positive social impact embedded in the product as a result of jobs and pay. This may be offsets because of dangerous workplace conditions and other issues. There is a negative impact in the supply chain because of impact on the environment * Resource depletion … * Environmental degradation … associated with extraction * Environmental degradation … associated with transportation * Environmental degradation … associated with refining * Environmental degradation … associated with burning fuels C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  127. 127. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Products bought For a consumer, the price paid is the main metric. The consumer is willing to pay the price because they think that the 'value' of the product is higher than the price. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  128. 128. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Products bought For a consumer, the price paid is the main metric. The consumer is willing to pay the price because they think that the 'value' of the product is higher than the price. Usually a consumer does not give much thought to the 'trucost' of the product. Trucost is a cost that goes beyond just money transactions, but incorporate externalities that have impact on people and planet. This is not part of the 'conversation”! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  129. 129. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Products bought For a consumer, the price paid is the main metric. The consumer is willing to pay the price because they think that the 'value' of the product is higher than the price. Usually a consumer does not give much thought to the 'trucost' of the product. Trucost is a cost that goes beyond just money transactions, but incorporate externalities that have impact on people and planet. This is not part of the 'conversation”! The perceived 'value' of the product would be different if the 'trucost' of the product was easily and generally accessible as easily as everything else associated with selling the product. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  130. 130. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Products bought For a consumer, the price paid is the main metric. The consumer is willing to pay the price because they think that the 'value' of the product is higher than the price. Usually a consumer does not give much thought to the 'trucost' of the product. Trucost is a cost that goes beyond just money transactions, but incorporate externalities that have impact on people and planet. This is not part of the 'conversation”! The perceived 'value' of the product would be different if the 'trucost' of the product was easily and generally accessible as easily as everything else associated with selling the product. The key to this is 'easy'. Price is easy. Advertising makes perceived value 'easy'. MDIA's standard values has to make the 'trucost' value easy! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  131. 131. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Energy used Energy is a critical input for the modern economy. In the United States per capita GDP is around $50,000 and per capita carbon emissions associated with energy use is around 20 tons CO2e. In Europe the same GDP of around $50,000 is associated with carbon emissions of around 8 tons CO2e. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  132. 132. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Energy used Energy is a critical input for the modern economy. In the United States per capita GDP is around $50,000 and per capita carbon emissions associated with energy use is around 20 tons CO2e. In Europe the same GDP of around $50,000 is associated with carbon emissions of around 8 tons CO2e. This shows: 1) energy is a very important input 2) relative to Europe, the United States is wasteful and/or terribly inefficient. This shows also the importance of energy policy. The US has had a low price low tax policy for energy. Europe has had a high price high tax energy regime. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  133. 133. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Energy used Energy is a critical input for the modern economy. In the United States per capita GDP is around $50,000 and per capita carbon emissions associated with energy use is around 20 tons CO2e. In Europe the same GDP of around $50,000 is associated with carbon emissions of around 8 tons CO2e. This shows: 1) energy is a very important input 2) relative to Europe, the United States is wasteful and/or terribly inefficient. This shows also the importance of energy policy. The US has had a low price low tax policy for energy. Europe has had a high price high tax energy regime. In the end, the United States is at a global disadvantage. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  134. 134. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Energy used While energy is a critical input for the modern economy, fossil fuels have a significant negative impact on the environment. These include: * Resource depletion … * Environmental degradation … associated with extraction * Environmental degradation … associated with transportation * Environmental degradation … associated with refining * Environmental degradation … associated with burning fuels C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  135. 135. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Energy used While energy is a critical input for the modern economy, fossil fuels have a significant negative impact on the environment. These include: * Resource depletion … * Environmental degradation … associated with extraction * Environmental degradation … associated with transportation * Environmental degradation … associated with refining * Environmental degradation … associated with burning fuels The negative impact on society of renewable energy sources is negligible compared to fossil fuels. The world needs to embrace a paradigm change for energy so that renewable energy becomes the norm rather than the exception. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  136. 136. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Energy used While energy is a critical input for the modern economy, fossil fuels have a significant negative impact on the environment. These include: * Resource depletion … * Environmental degradation … associated with extraction * Environmental degradation … associated with transportation * Environmental degradation … associated with refining * Environmental degradation … associated with burning fuels The negative impact on society of renewable energy sources is negligible compared to fossil fuels. The world needs to embrace a paradigm change for energy so that renewable energy becomes the norm rather than the exception. Enough solar energy hits the planet every hour to power the present energy intensive economy for a year! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis of an Economic Activity
  137. 137. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis Formulations For example: This is PwC in the UK
  138. 138. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Components of the PwC analytical framework Business activities / Financial performance ● Suppliers ● Employees ● Communities ● Shareholders ● Governments ● Customers Economic Impact ● Intangibles ● Exports ● Investments ● Profits ● Payroll Social Impact ● Livelihoods ● Health ● Education ● Empowerment ● Community cohesion Environmental Impact ● GHGs and other air emissions ● Water pollution ● Waste ● Land use ● Water use Tax Impact ● Environmental taxes ● Property taxes ● Production taxes ● People taxes ● Profit taxes
  139. 139. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp Analysis Formulations For example: This is Kate Raworth (Oxfam)
  140. 140. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) Accounting has been very successful over a very long time in organizing large amounts of financial data efficiently to manage large business organizations. Transaction information is organized into 'accounts'. Accounts are either 'balance sheet' or 'profit and loss accounts'. Reporting for even very large organizations can be summarized in a simple widely understood manner. MDIA does something very similar for every aspect of the broader society, the economy and the environment. This is shown in the next few slides. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Presentation-B-140512b.odp
  141. 141. 01:13 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) May 2014 peterbnyc@gmail.com www.truevaluemetrics.org QUESTIONS?

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