TEDxUWS
Slideset for Peter Burgess talk
at TEDxUpperWestSide on
April 26, 2016
File: TVA-p3-DRAFT-Ea-160425.odp Peter Burg...
BE THE CHANGE
"BE THE CHANGE THAT YOU WISH TO SEE IN THE WORLD" - GANDHI
featuring talks on
ART + SCIENCE + INTEGRITY + FO...
Complex system … competing agendas
TRUE VALUE ACCOUNTING
I WILL ANCHOR MY REMARKS
AROUND THE LETTER
P
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
PROFIT
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
PLACE, POLLUTION
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
PLACE, POLLUTION
PURPOSE, PERSPECTIVE
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
PLACE, POLLUTION
PURPOSE, PERSPECTIVE
PROGRESS, PERFORMANCE
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
PLACE, POLLUTION
PURPOSE, PERSPECTIVE
PROGRESS, PERFORMANCE
PRODUCTS, PROCESS...
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
PLACE, POLLUTION
PURPOSE, PERSPECTIVE
PROGRESS, PERFORMANCE
PRODUCTS, PROCESS...
TRUE VALUE ACCOUNTING
PROFIT, PEOPLE, PLANET
PLACE, POLLUTION
PURPOSE, PERSPECTIVE
PROGRESS, PERFORMANCE
PRODUCTS, PROCESS...
Complex system … competing agendas
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
Peter Drucker, a well known
management guru famously said:
“You can't manage
what you don't
measure”
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
MULTI DIMENSION IMPACT ACCOUNTING
MULTI DIMENSION IMPACT ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
MULTI DIMENSION IMPACT ACCOUNTING
TRUE VALUE ACCOUNTING
MULTI DIMENSION IMPACT ACCOUNTING
COMPONENTS OF US MONEY SUPPLY
MULTI DIMENSION IMPACT ACCOUNTING
US FEDERAL RESERVE ASSETS
MULTI DIMENSION IMPACT ACCOUNTING
TRUE VALUE ACCOUNTING
Complex system … competing agendas
TRUE VALUE ACCOUNTING
The Phillips Machine – MONIAC – at Cambridge
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
Complex system … competing agendas
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
STEADY STATE
TRUE VALUE ACCOUNTING
POSITIVE PROGRESS
TRUE VALUE ACCOUNTING
DETERIORATION OF STATE
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
YELLOW:
The PEOPLE piece … Human Capital (HC)
DIRTY BROWN:
The ECONOMIC piece … Man Built Capital (MBC)
GREEN:
NATURE, ENV...
Hum
an
Capital
Man
Built Capital
Natural Capital
TRUE VALUE ACCOUNTING
Hum
an
Capital
Man
Built Capital
Natural Capital
TRUE VALUE ACCOUNTING
Hum
an
Capital
Man
Built Capital
Natural Capital
TRUE VALUE ACCOUNTING
Hum
an
Capital
Man
Built Capital
Natural Capital
TRUE VALUE ACCOUNTING
Hum
an
Capital
Man
Built Capital
Natural Capital
TRUE VALUE ACCOUNTING
Hum
an
Capital
Man
Built Capital
Natural Capital
TRUE VALUE ACCOUNTING
Fundamentals of the Socio-Enviro-Economic System
Human
Capital
Man Built
Capital
Natural
Capital
TRUE VALUE ACCOUNTING
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...
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...
Complex system … competing agendas
TRUE VALUE ACCOUNTING
Fundamentals of the Socio-Enviro-Economic System
Human
Capital
Man Built
Capital
Natural
Capital
Hum
an
Capital
Man
Built ...
Fundamentals of the Socio-Enviro-Economic System
Human
Capital
Man Built
Capital
Natural
Capital
TRUE VALUE ACCOUNTING
Fundamentals of the Socio-Enviro-Economic System
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Man Bui...
Fundamentals of the Socio-Enviro-Economic System
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
SunSun
...
Fundamentals of the Socio-Enviro-Economic System
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
SunSun
...
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
FINANCIAL
ACCOUNTS
Financial Accounts describe Economic Activity
REVENUES
Products Sold X Price
Products Bought X Price
En...
FINANCIAL ACCOUNTS OF AN ENTERPRISE
Financial Accounts describe Economic Activity
REVENUES
Products Sold X Price
Products ...
FINANCIAL
ACCOUNTS
ADD positive impact not accounted for
REVENUES
Products Sold X Price
Products Bought X Price
Energy Bou...
FINANCIAL
ACCOUNTS
DEDUCT negative impact not accounted for
REVENUES
Products Sold X Price
Products Bought X Price
Energy ...
FINANCIAL
ACCOUNTS
ACCOUNTING FOR EVERYTHING
REVENUES
Products Sold X Price
Products Bought X Price
Energy Bought X Price
...
Financial Accounts describe Financial Impact
Financial Costs
Financial Profit
Financial Revenues
Financial
Balance
Sheet
B...
Financial Accounts describe Financial Impact
Impact Accounts reflect Externalities
Impact on Institutions
Impact on People...
Sun
BOP EOP
Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun SunSun
Financial
Capital
Human
Capit...
Complex system … competing agendas
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
TRUE VALUE ACCOUNTING
THANK YOU
Some links and contact information:
Email Peter Burgess … peterbnyc@gmail.com
Peter Burgess LinkedIn profile
htt...
REMINDER
This slideset is A WORK-IN-PROGRESS. It will be
upgraded periodically. It is part of a series of more than
100 sl...
TVA p3 DRAFT Ea
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TVA p3 DRAFT Ea

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TVA-PRESENTATION-DRAFT-Ea ... 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 Ea

  1. 1. TEDxUWS Slideset for Peter Burgess talk at TEDxUpperWestSide on April 26, 2016 File: TVA-p3-DRAFT-Ea-160425.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. TRUE VALUE ACCOUNTING PROFIT
  6. 6. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET
  7. 7. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET PLACE, POLLUTION
  8. 8. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE
  9. 9. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE
  10. 10. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE PRODUCTS, PROCESSES
  11. 11. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE PRODUCTS, PROCESSES POWER
  12. 12. TRUE VALUE ACCOUNTING PROFIT, PEOPLE, PLANET PLACE, POLLUTION PURPOSE, PERSPECTIVE PROGRESS, PERFORMANCE PRODUCTS, PROCESSES POWER Cost, PRICE, Value
  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. TRUE VALUE ACCOUNTING
  19. 19. TRUE VALUE ACCOUNTING
  20. 20. TRUE VALUE ACCOUNTING
  21. 21. MULTI DIMENSION IMPACT ACCOUNTING
  22. 22. MULTI DIMENSION IMPACT ACCOUNTING
  23. 23. TRUE VALUE ACCOUNTING
  24. 24. TRUE VALUE ACCOUNTING
  25. 25. TRUE VALUE ACCOUNTING
  26. 26. MULTI DIMENSION IMPACT ACCOUNTING
  27. 27. TRUE VALUE ACCOUNTING
  28. 28. MULTI DIMENSION IMPACT ACCOUNTING COMPONENTS OF US MONEY SUPPLY
  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. TRUE VALUE ACCOUNTING
  67. 67. TRUE VALUE ACCOUNTING
  68. 68. 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
  69. 69. 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
  70. 70. 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
  71. 71. 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
  72. 72. 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
  73. 73. 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
  74. 74. 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
  75. 75. 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
  76. 76. Complex system … competing agendas TRUE VALUE ACCOUNTING
  77. 77. TRUE VALUE ACCOUNTING
  78. 78. TRUE VALUE ACCOUNTING
  79. 79. TRUE VALUE ACCOUNTING
  80. 80. TRUE VALUE ACCOUNTING
  81. 81. TRUE VALUE ACCOUNTING
  82. 82. 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
  83. 83. 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

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