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TVA p3 DRAFT D

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TVA-PRESENTATION-DRAFT-D ... This is a working draft of a presentation being prepared to promote the True Value Accounting initiative. This version will most likely change substantially before it is used.

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TVA p3 DRAFT D

  1. 1. WORKING DRAFT - E File: TVA-p3-DRAFT-E-160424.odp Peter Burgess (c) All rights reserved TRUE VALUE ACCOUNTING
  2. 2. BE THE CHANGE "BE THE CHANGE THAT YOU WISH TO SEE IN THE WORLD" - GANDHI featuring talks on ART + SCIENCE + INTEGRITY + FOCUS TRUE VALUE ACCOUNTING
  3. 3. Complex system … competing agendas TRUE VALUE ACCOUNTING
  4. 4. I WILL ANCHOR MY REMARKS AROUND THE LETTER P TRUE VALUE ACCOUNTING
  5. 5. PROFIT TRUE VALUE ACCOUNTING
  6. 6. PROFIT, PEOPLE, PLANET TRUE VALUE ACCOUNTING
  7. 7. PROFIT, PEOPLE, PLANET PLACE, POLLUTION TRUE VALUE ACCOUNTING
  8. 8. PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE TRUE VALUE ACCOUNTING
  9. 9. PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE TRUE VALUE ACCOUNTING
  10. 10. PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE PRODUCTS, PROCESSES TRUE VALUE ACCOUNTING
  11. 11. PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE PRODUCTS, PROCESSES POWER TRUE VALUE ACCOUNTING
  12. 12. PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE PRODUCTS, PROCESSES POWER Cost, PRICE, Value TRUE VALUE ACCOUNTING
  13. 13. Complex system … competing agendas TRUE VALUE ACCOUNTING
  14. 14. TRUE VALUE ACCOUNTING Peter Drucker, a well known management guru famously said: “You can't manage what you don't measure”
  15. 15. TRUE VALUE ACCOUNTING
  16. 16. TRUE VALUE ACCOUNTING
  17. 17. TRUE VALUE ACCOUNTING
  18. 18. MULTI DIMENSION IMPACT ACCOUNTING
  19. 19. MULTI DIMENSION IMPACT ACCOUNTING
  20. 20. TRUE VALUE ACCOUNTING
  21. 21. TRUE VALUE ACCOUNTING
  22. 22. MULTI DIMENSION IMPACT ACCOUNTING
  23. 23. TRUE VALUE ACCOUNTING
  24. 24. TRUE VALUE ACCOUNTING
  25. 25. TRUE VALUE ACCOUNTING
  26. 26. TRUE VALUE ACCOUNTING
  27. 27. MULTI DIMENSION IMPACT ACCOUNTING COMPONENTS OF US MONEY SUPPLY
  28. 28. TRUE VALUE ACCOUNTING
  29. 29. MULTI DIMENSION IMPACT ACCOUNTING US FEDERAL RESERVE ASSETS
  30. 30. MULTI DIMENSION IMPACT ACCOUNTING
  31. 31. TRUE VALUE ACCOUNTING
  32. 32. Complex system … competing agendas TRUE VALUE ACCOUNTING
  33. 33. The Phillips Machine – MONIAC – at Cambridge TRUE VALUE ACCOUNTING
  34. 34. TRUE VALUE ACCOUNTING
  35. 35. TRUE VALUE ACCOUNTING
  36. 36. TRUE VALUE ACCOUNTING
  37. 37. TRUE VALUE ACCOUNTING
  38. 38. TRUE VALUE ACCOUNTING
  39. 39. TRUE VALUE ACCOUNTING
  40. 40. TRUE VALUE ACCOUNTING
  41. 41. TRUE VALUE ACCOUNTING
  42. 42. TRUE VALUE ACCOUNTING
  43. 43. Complex system … competing agendas TRUE VALUE ACCOUNTING
  44. 44. TRUE VALUE ACCOUNTING
  45. 45. STEADY STATE TRUE VALUE ACCOUNTING
  46. 46. POSITIVE PROGRESS TRUE VALUE ACCOUNTING
  47. 47. DETERIORATION OF STATE TRUE VALUE ACCOUNTING
  48. 48. TRUE VALUE ACCOUNTING
  49. 49. YELLOW: The PEOPLE piece … Human Capital (HC) DIRTY BROWN: The ECONOMIC piece … Man Built Capital (MBC) GREEN: NATURE, ENVIRONMENT … Natural Capital (NC) COLOR KEY TRUE VALUE ACCOUNTING
  50. 50. Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  51. 51. Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  52. 52. Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  53. 53. Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  54. 54. Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  55. 55. Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  56. 56. Fundamentals of the Socio-Enviro-Economic System Human Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  57. 57. Period 1 2 3 4 5 6 7 8 9 10 11 12 HC MBC NC TRUE VALUE ACCOUNTING HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC
  58. 58. Period 1 2 3 4 5 6 7 8 9 10 11 12 HC MBC NC TRUE VALUE ACCOUNTING HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC HC MBC NC
  59. 59. Complex system … competing agendas TRUE VALUE ACCOUNTING
  60. 60. Fundamentals of the Socio-Enviro-Economic System Human Capital Man Built Capital Natural Capital Hum an Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  61. 61. Fundamentals of the Socio-Enviro-Economic System Human Capital Man Built Capital Natural Capital TRUE VALUE ACCOUNTING
  62. 62. Fundamentals of the Socio-Enviro-Economic System Financial Capital Human Capital Man Built Capital Natural Capital Man Built Capital Natural Capital Human Capital Split out Financial Capital from other components of Man Built Capital TRUE VALUE ACCOUNTING
  63. 63. Fundamentals of the Socio-Enviro-Economic System Financial Capital Human Capital Man Built Capital Natural Capital SunSun Man Built Capital Natural Capital Sun Human Capital Add Sun … the source of all energy Split out Financial Capital from other components of Man Built Capital TRUE VALUE ACCOUNTING
  64. 64. Fundamentals of the Socio-Enviro-Economic System Financial Capital Human Capital Man Built Capital Natural Capital SunSun Financial Capital Human Capital Man Built Capital Natural Capital SunSunSun Man Built Capital Natural Capital Sun Human Capital Add Sun … the source of all energy Split out Financial Capital from other components of Man Built Capital Reorder because Financial Capital metrics exist TRUE VALUE ACCOUNTING
  65. 65. TRUE VALUE ACCOUNTING
  66. 66. FINANCIAL ACCOUNTS Financial Accounts describe Economic Activity REVENUES Products Sold X Price Products Bought X Price Energy Bought X Price Employee Benefits Employee Payroll Other expenditures Asset use costs Depreciation Financial expenses Pro-good expenditures Taxation Profit TRUE VALUE ACCOUNTING
  67. 67. FINANCIAL ACCOUNTS OF AN ENTERPRISE Financial Accounts describe Economic Activity REVENUES Products Sold X Price Products Bought X Price Energy Bought X Price Employee Benefits Employee Payroll Other expenditures Asset use costs Depreciation Financial expenses Pro-good expenditures Taxation Profit Cash Current Assets Fixed Assets Intangible Assets TOTAL ASSETS Current Liabilities Long Term Debt Owners' Equity Cash Current Assets Fixed Assets Intangible Assets TOTAL ASSETS Current Liabilities Long Term Debt Owners' Equity Balance Sheet BOP Balance Sheet EOP TRUE VALUE ACCOUNTING
  68. 68. FINANCIAL ACCOUNTS ADD positive impact not accounted for REVENUES Products Sold X Price Products Bought X Price Energy Bought X Price Employee Benefits Employee Payroll Other expenditures Asset use costs Depreciation Financial expenses Pro-good expenditures Taxation Profit REVENUES Products Sold X Price VALUE to buyer Equals HUMAN CAPITAL ADD Wages and benefits What value to employee? Pro-good expenditures What value to society? Taxation What value to society? POSITIVE IMPACT NOT ACCOUNTED FOR TRUE VALUE ACCOUNTING
  69. 69. FINANCIAL ACCOUNTS DEDUCT negative impact not accounted for REVENUES Products Sold X Price Products Bought X Price Energy Bought X Price Employee Benefits Employee Payroll Other expenditures Asset use costs Depreciation Financial expenses Pro-good expenditures Taxation Profit For products and energy bought and this process Free use of the commons and public services & infrastructure Degradation of land Water scarcity and degradation Air pollution: Impact on people Air pollution: Impact on climate Air pollution: Impact on people Solid waste Resource depletion Environmental Degradation Negative impact TRUE VALUE ACCOUNTING
  70. 70. FINANCIAL ACCOUNTS ACCOUNTING FOR EVERYTHING REVENUES Products Sold X Price Products Bought X Price Energy Bought X Price Employee Benefits Employee Payroll Other expenditures Asset use costs Depreciation Financial expenses Pro-good expenditures Taxation Profit REVENUES Products Sold X Price VALUE to buyer Equals HUMAN CAPITAL ADD Wages and benefits What value to employee? Pro-good expenditures What value to society? Taxation What value to society? For products and energy bought and this process Free use of the commons and public services & infrastructure Degradation of land Water scarcity and degradation Air pollution: Impact on people Air pollution: Impact on climate Air pollution: Impact on people Solid waste Resource depletion Environmental Degradation POSITIVE IMPACT NOT ACCOUNTED FOR Negative impact TRUE VALUE ACCOUNTING
  71. 71. Financial Accounts describe Financial Impact Financial Costs Financial Profit Financial Revenues Financial Balance Sheet BOP Financial Balance Sheet EOP Impact Accounts reflect Externalities Balance Sheet Changes Impact on Institutions Impact on People Impact on Society Impact on Physical Impact on Knowledge Impact on Resources Impact on Environment Impact on EcoSystem Balance Sheet Changes Balance Sheet Changes Balance Sheet Changes TRUE VALUE ACCOUNTING
  72. 72. Financial Accounts describe Financial Impact Impact Accounts reflect Externalities Impact on Institutions Impact on People Impact on Society Impact on Physical Impact on Knowledge Impact on Resources Impact on Environment Impact on EcoSystem Balance Sheet Changes Balance Sheet Changes Balance Sheet Changes TRUE VALUE ACCOUNTING Financial Accounts describe Financial Impact Financial Costs Financial Profit Financial Revenues Financial Balance Sheet BOP Financial Balance Sheet EOP Impact Accounts reflect Externalities Balance Sheet Changes
  73. 73. Sun BOP EOP Sun Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun Financial Accounts describe Financial Impact Impact Accounts reflect Externalities Impact on Institutions Impact on People Impact on Society Impact on Physical Impact on Knowledge Impact on Resources Impact on Environment Impact on EcoSystem Balance Sheet Changes Balance Sheet Changes Balance Sheet Changes TRUE VALUE ACCOUNTING Financial Accounts describe Financial Impact Financial Costs Financial Profit Financial Revenues Financial Balance Sheet BOP Financial Balance Sheet EOP Impact Accounts reflect Externalities Balance Sheet Changes
  74. 74. MULTI DIMENSION IMPACT ACCOUNTING
  75. 75. TRUE VALUE ACCOUNTING
  76. 76. MULTI DIMENSION IMPACT ACCOUNTING
  77. 77. MULTI DIMENSION IMPACT ACCOUNTING
  78. 78. MULTI DIMENSION IMPACT ACCOUNTING
  79. 79. REMINDER This slideset is A WORK-IN-PROGRESS. It will be upgraded periodically. It is part of a series of more than 100 slidesets. Navigation to these is available here: http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=N1-Slidesets-p3 More about the True Value Metrics initiative is at: http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0100-MainNav FEEDBACK is welcome. Please email to Peter Burgess … peterbnyc@gmail.com … with a catchy phrase in the subject line so that it gets attention, and please identify the specific slideset(s) or webpage involved. TRUE VALUE ACCOUNTING
  80. 80. THANK YOU Some links and contact information: Email Peter Burgess … peterbnyc@gmail.com Peter Burgess LinkedIn profile https://www.linkedin.com/in/peterburgess1 Link to TrueValueMetrics.org website http://www.truevaluemetrics.org/ Link to navigation to other resources: http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0100-MainNav#1 TRUE VALUE ACCOUNTING

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