Öz
The purpose of this paper attempts to give an explanation of why accounting bodies are hesitant to embrace new intellectual capital valuation and reporting models that have sprung up in the last decade, in spite of the fact that accounting standards are generally ill-suited to cater for intangibles. Despite some resistance, this paper highlights the commendable efforts of those pushing for change, and even offers recommendations to standard setters and accountants at large as to the way forward in approaching the complex dynamics involving the measurement of intellectual capital. The information of the research project was gathered from various secondary sources of data. The sources range from: industry trade journals; practitioner accounting journals; and academic publications, to give both practical and theoretical views on the subject matter. A comparison will first be made that looks into the limitations of existing financial models and the subsequent implications of ignoring IC in financial statements versus the significance of accounting for IC. The second part entails comparing IC valuation techniques using conventional reporting standards against proposed new reporting methodologies. From this discussion, a conclusion will be drawn which will include a proposition of a way forward in addressing IC.
Öz
The purpose of this paper attempts to give an explanation of why accounting bodies are hesitant to embrace new intellectual capital valuation and reporting models that have sprung up in the last decade, in spite of the fact that accounting standards are generally ill-suited to cater for intangibles. Despite some resistance, this paper highlights the commendable efforts of those pushing for change, and even offers recommendations to standard setters and accountants at large as to the way forward in approaching the complex dynamics involving the measurement of intellectual capital. The information of the research project was gathered from various secondary sources of data. The sources range from: industry trade journals; practitioner accounting journals; and academic publications, to give both practical and theoretical views on the subject matter. A comparison will first be made that looks into the limitations of existing financial models and the subsequent implications of ignoring IC in financial statements versus the significance of accounting for IC. The second part entails comparing IC valuation techniques using conventional reporting standards against proposed new reporting methodologies. From this discussion, a conclusion will be drawn which will include a proposition of a way forward in addressing IC.
Ayrıntılar
| Birincil Dil | Türkçe |
|---|---|
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 1 Haziran 2011 |
| Yayımlandığı Sayı | Yıl 2011 Cilt: 6 Sayı: 1 |