Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You and Your Team.

Learn More →

Intellectual capital: current issues and policy implications

Intellectual capital: current issues and policy implications Substantial differences between company book values and market values indicate the presence of assets not recognised and measured in company balance-sheets. Intellectual capital assets account for a substantial proportion of this discrepancy. At present, companies are not required to report on intellectual capital assets, which leaves the traditional accounting system ineffective for measuring the true impact of such intangibles. Regulations currently in place are analysed in this article. Prior research concerning intellectual capital is presented. Frameworks for intellectual capital are compared. Indicators used for the measurement of intellectual capital are examined. The research methodologies employed for collecting information about the use of intellectual capital accounts in companies are reviewed. Guidelines available to companies for reporting on intellectual capital are considered and also the efforts made towards developing an accounting standard for intellectual capital. Finally, current issues and policy implications of accounting for intellectual capital in the future are examined. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Intellectual Capital Emerald Publishing

Intellectual capital: current issues and policy implications

Niamh Brennan; Brenda Connell
Journal of Intellectual Capital , Volume 1 (3): 35 – Sep 1, 2000
Download PDF
35 pages
Read Article

Loading next page...
 
/lp/emerald-publishing/intellectual-capital-current-issues-and-policy-implications-z84puCm0dp
Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
1469-1930
DOI
10.1108/14691930010350792
Publisher site
See Article on Publisher Site

Abstract

Substantial differences between company book values and market values indicate the presence of assets not recognised and measured in company balance-sheets. Intellectual capital assets account for a substantial proportion of this discrepancy. At present, companies are not required to report on intellectual capital assets, which leaves the traditional accounting system ineffective for measuring the true impact of such intangibles. Regulations currently in place are analysed in this article. Prior research concerning intellectual capital is presented. Frameworks for intellectual capital are compared. Indicators used for the measurement of intellectual capital are examined. The research methodologies employed for collecting information about the use of intellectual capital accounts in companies are reviewed. Guidelines available to companies for reporting on intellectual capital are considered and also the efforts made towards developing an accounting standard for intellectual capital. Finally, current issues and policy implications of accounting for intellectual capital in the future are examined.

Journal

Journal of Intellectual Capital – Emerald Publishing

Published: Sep 1, 2000

Keywords: Intellectual capital

References

  • APB Opinion 17 Intangible Assets
    Accounting Principles Board
  • FRS 10 Goodwill and Intangible Assets
    Accounting Standards Board
  • Transparency in intangible production assets
    Achten, J.H.J
  • A core competency approach to valuing intangible assets
    Andriessen, D; Frijlink, M; van Gisbergen, I; Blom, J.
  • Reporting on intangible assets
    Backhuijs, J.B; Holterman, W.G.M; Oudman, R.S; Overgoor, R.P.M; Zijlstra, S.M
  • Indicators of human capital investment and outcomes from the American society for training and development
    Bassi, L.J; McMurrer, D.P
  • Holistic measurement of intellectual capital
    Bornemann, M; Knapp, A; Schneider, U; Sixl, K.I
  • Intellectual capital – the true worth of business
    Brabazon, T
  • Reporting and managing intellectual capital: evidence from Ireland
    Brennan, N
  • Intellectual Capital
    Brooking, A
    Bookmark
  • Visualising, measuring and managing knowledge
    Bukowitz, W.R; Petrash, G.P
  • The value relevance and managerial implications of intangibles: a literature review
    Canibano, L; Garcia‐Ayuso, M; Sanchez, M.P
  • Measuring intangibles to understand and improve innovation management: preliminary results
    Canibano, L; Garcia‐Ayuso, M; Sanchez, P; Olea, M
  • Measuring intangibles: discussion of selected indicators
    Canibano, L; Garcia‐Ayuso, M; Sanchez, M.P; Chaminade, C; Olea, M; Escobar, C.G
  • Developing Intellectual Capital Accounts. Experiences from 19 Companies
    Danish Agency for Trade and Industry
  • Your knowledge – can you book it?
    Danish Confederation of Trade Unions
  • Intellectual Capital Accounts: Reporting and Managing Intellectual Capital
    Danish Trade and Industry Development Council
  • Developing intellectual capital at Skandia
    Edvinsson, L
  • Intellectual Capital: The Proven Way to Establish Your Company’s Real Value by Measuring Its Hidden Brain Power
    Edvinsson, L; Malone, M
  • Looking ahead: an enterprise information and self‐evaluation kit
    Ferrier, F; McKenzie, P
  • Voluntary guidelines on the disclosure of intangibles: a bridge over troubled water?
    Grojer, J.E; Johanson, U
  • There is no accounting for intellectual capital in Australia: review of annual reporting practices and the internal measurement of intangibles within Australian organisations
    Guthrie, J; Petty, R; Ferrier, F; Well, R
  • The Unit of Activity: Towards an Alternative to the Theories of the Firm. Strategy, Structure and Style
    Haanes, K; Lowendahl, B
  • Transparency in intellectual capital
    Hoogendoorn, M; de Bos, A; Krens, F; Veerman, W; ter Beek, H
  • IAS 38 Intangible Assets
    International Accounting Standards Committee
  • The Measurement and Management of Intellectual Capital
    International Federation of Accountants
  • Mobilising change: characteristics of intangibles proposed by 11 Swedish firms
    Johanson, U
  • Measuring and managing intangibles: 11 Swedish exploratory case studies
    Johanson, U.; Martensson, M; Skoog, M
  • Human resource costing and accounting versus the balanced scorecard: a literature survey of experience with the concepts
    Johanson, U; Eklov, G; Holmgren, M; Martensson, M
  • The balanced scorecard – measures that drives performance
    Kaplan, R.S; Norton, D.P
  • Strategic Management of Professional Service Firms
    Lowendahl, B
  • Measures that Matter: An Exploratory Investigation of Investors’ Information Needs and Value Properties
    Mavrinac, S; Siesfield, G.A
  • Measuring and reporting intellectual capital from a diverse Canadian industry perspective
    Miller, M; Du Pont, B.D; Fera, V; Jeffrey, R; Mahon, B; Payer, B.M; Starr, A
  • Developing intellectual capital statements: lessons from 23 Danish firms
    Nikolaj, P; Larsen, H.T; Mouritsen, J
  • Implementing brand management in the Japanese companies: related with target cost management
    Okano, H; Okada, E; Mori, N
  • Dow’s journey to a knowledge value management culture
    Petrash, G
  • Intellectual Capital: Navigating the New Business Landscape
    Roos, J; Roos, G; Dragonetti, N.C; Edvinsson, L
  • Intellectual Capital: The Wealth of New Organisations
    Stewart, T.A
  • The intangible asset monitor
    Sveiby, K.E
  • Intellectual capital: thinking ahead
    Sveiby, K.E
  • Measuring intangibles and intellectual capital – an emerging first standard
    Sveiby, K.E
  • Reporting on human capital: objectives and trends
    Westphalen, S

You’re reading a free preview. Subscribe to read the entire article.

Try 2 weeks free now

DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

or browse the journals available

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$499/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

Sign up
for free
Start 14 day
Free Trial