A New Balancing System: Value Balance
With our Value Balance system, your company’s values can be documented and systematically reflected. Past, present, and future economic developments are reflected. This takes place in an expanded profit and loss statement (P&L), as well as a balance sheet. Value Balance faithfully reflects economically relevant processes. Using enhanced methods, a conventional balance sheet gets qualitatively revalued around social, environmental, sustainable, and cultural factors, by way of actual bookings, not only on a clarification attachment.
In compliance with the HGB, correctness, completeness and truthfulness are among the foundations of proper accounting and bookkeeping. Value Balance can be smoothly included here. The balance sheet generates certainty, insight, and knowledge about transactions and processes in the enterprise. The more intelligent and precise balancing is, the more clear the whole picture of your company will be. The present will become more transparent; more momentum can be set for the future.
Financial reporting standards should allow a true and fair representation of assets and liabilities, financial position, and corporate performance. Besides informing, value balance sheets expanded around sustainability issues also serve for controlling purposes. This financial reporting allows Investors, employees, customers, and interested members of the public access to assessment criteria that were previously not available.
Neither the International Financial Reporting Standards (IFRS) nor their European counterpart reflect systematically satisfactory sustainability risks. Only an integral financial reporting of Value Balance offers a realistic foundation and measurable reference values for rating criteria, such as Environmental, Social, and Governance (ESG).
Value Balance implements meaningful and well-proven principles, such as budget and follow-up. Consumption, wear and tear, recycling, and renaturing can be systematically balanced using economic and sustainable methods. Resource balancing allows a precise representation of their movements within the enterprise. Possible risks and damages are anticipated in enterprises and confronted, so people and nature can be preserved. Value Balance enhances and complements existing accounting standards and strengthens them for the future with clarity and transparency.
Value Balance is a robust and meaningful complement to previous financial reporting standards. Corporate horizons are expanded and new potentials for the enterprise are developed. Value Balance provides new momentum for enterprises and brings previously unseen values to the forefront. It provides orientation and makes implementing new Values worthwhile.