Accounting for intangibles: financial reporting and value creation in the knowledge economy
Blaug, R. and Lekhi, R. 2009. Accounting for intangibles: financial reporting and value creation in the knowledge economy. The Work Foundation.
Blaug, R. and Lekhi, R. 2009. Accounting for intangibles: financial reporting and value creation in the knowledge economy. The Work Foundation.
| Title | Accounting for intangibles: financial reporting and value creation in the knowledge economy |
|---|---|
| Authors | Blaug, R. and Lekhi, R. |
| Type | Technical report |
| Abstract | A new report from The Work Foundation highlights the urgent need for UK organisations to adopt a more comprehensive and consistent approach to how they financially record their investments in intangible assets. As industrialised economies are increasingly becoming knowledge-based, competitive advantage and organisational performance are increasingly generated from investment in intangible knowledge-based assets such as R&D, human and organisational performance. The report outlines that, while there is widespread recognition of the value of such assets, we are still unable to account for them mainly because of a lack of appropriate accountancy measures. As a result, investors, shareholders and senior managers are likely to come up with less well-informed decisions. |
| Year | 2009 |
| Publisher | The Work Foundation |
| Publication dates | |
| Published | 2009 |
| Web address (URL) | http://www.theworkfoundation.com/assets/docs/publications/223_intangibles_final.pdf |