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Article: Intellectual capital: tomorrow's asset, today's challenge.
- Article from:
- Leader's Edge
- Article date:
- August 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Michigan Association of CPAs. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As technology continues to transform the workplace and markets, intellectual capital will become one of the most critical issues CPAs will have to grapple with in order to continue providing clients and employers high-quality, value-added services and advice.
Intellectual capital has been around for as long as companies have had customers. It's what makes a company worth more than the sum of its countable parts. Yet when intellectual capital has been accounted for at all in the past, it has usually been described (quite inadequately) as goodwill. As a result, companies today significantly understate both their earnings and book capitals (all in accordance with ...