Intermezzo valuation of information assets on the balance sheet: The recognition and approaches to the valuation of intangible assets

Business Information Review

Volumn 25, Issue 3, 2008, Pages 167-182

  Wilson, Richard M S ^a,b   Stenson, Joan A ^a  

^a LOUGHBOROUGH UNIVERSITY   (United Kingdom)

^b LOUGHBOROUGH UNIVERSITY   (United Kingdom)

Author keywords

Accounting for intangible assets; Asset valuation; Information assets

Indexed keywords

EID: 49749149196     PISSN: 02663821     EISSN: 17416450     Source Type: Journal    
DOI: 10.1177/0266382108095039     Document Type: Review

References (64)

1. International Accounting Standards Board (1989) Framework for the Preparation and Presentation of Financial Statements. London: IASB.
2. Alexander, D.J.A. and Britton, A. (2004) Financial Reporting, 7 th edn. London: Thomson.
3. International Accounting Standards Committee (1998 b) IAS 38 Intangible Assets. London: IASC.
4. Ulrich, D. and Smallwood, N. (2004) 'Capitalising on Capabilities', Harvard Business Review 82 (6). 119-27.
5. Wilson, R.M.S. (1986) 'Accounting for Marketing Assets', European Journal of Marketing 20 (1). 51-74.
6. Canibano, L., Garcia-Ayuso, M. and Sanchez, P. (2000) 'Accounting for Intangibles: A Literature Review', Journal of Accounting Literature 19: 102-30.
7. Kaplan, R.S. and Norton, D.P. (2004) 'Measuring the Strategic Readiness of Intangible Assets', Harvard Business Review 82 (2). 52-63.
8. Powell, S. (2003) 'Accounting for Intangible Assets: Current Requirements, Key Players and Future Directions', European Accounting Review 12 (4). 797-811.
9. Department of Trade and Industry (2001) Creating Value from your Intangible Assets. London: DTI.
10. Department of Trade and Industry (2004) Creating Value from your Intangibles: A Self-Assessment Tool for Business. London: DTI.
11. Andriessen, D. and Tissen, R. (2004) Weightless Wealth: Finding your Real Value in a Future of Intangible Assets. Harrow: Pearson Education.
12. Hand, J. and Lev, B. (2003) Intangible Assets: Values, Measures and Risks. Oxford: OUP.
13. Lev, B. and Zambon, S. (2003) 'Introduction to the Special Issue: Intangibles and Intellectual Capital', European Accounting Review 12 (4). 597-603.
14. Roslender, R. (2004) 'Accounting for Intellectual Capital: Rethinking its Theoretical Underpinnings', Measuring Business Excellence 8 (1). 38-45.
15. Zambon, S. (2003) Study on the Measurement of Intangible Assets. Brussels: European Commission.
16. Accounting Standards Board (1997) FRS 10: Goodwill and Intangible Assets. London: ASB.
17. Tanner, V. (2006) 'Using Investment-based Techniques to Prove the "Bottom Line" Value of Research', International Journal of Market Research 48 (2). 117-38.
18. Institute of Chartered Accountants in England & Wales (2003) New Reporting Models for Business. London: ICAEW.
19. Illingworth, D. (2004) 'New Reporting Models for Business: Who Needs Them?', Measuring Business Excellence 8 (2). 4-8.
20. Boulton, R.E.S., Libert, B.D. and Samek, S.M. (2000) Cracking the Value Code: How Successful Businesses are Creating Wealth in the New Economy. New York: Harper Business.
21. Blair, M. and Wallman, S.M.H. (2001) Unseen Wealth: Report of the Brookings Task Force on Intangibles. Washington, DC: Brookings Institution Press.
22. Lev, B. (2001) Intangibles: Management, Measurement and Reporting. Washington, DC: Brookings Institution Press.
23. Vance, C. and Cest (2001) Valuing Intangibles. London: ICAEW.
24. Eustace, C. (2000) The Intangible Economy: Impact and Policy Issues: Report of the European High Level Expert Group on the Intangible Economy. Brussels: European Commission.
25. Ernst & Young & Ementor (2000) Management and Valuation of Patents and Trademarks: Consultants' Analysis Report. London: Ernst & Young and Ementor.
26. MAGIC Website (2001) www.profactor.at/magic/english/frame.html
27. QPR (2002) 'About MAGIC Measuring and Reporting Intellectual Capital: Intellectual Capital Online', www.qpr.com/IntellectualCapital/ Intellectual_Capital_MAGIC.html
28. Hill, P. and Youngman, R. (2003) 'The Measurement of Intangibles', in Macroeconomic Statistics: Interim Report. PRISM Workpackage 5: Macroeconomic Statistics, www.euintangibles.net/library/localfiles/WP5/5. 3_Hill&Youngman_2002a.pdf
29. Meritum (2001) Guidelines for Managing and Reporting on Intangibles. Madrid: Fundación Airtel Móvil.
30. Courtney, N. and Holtham, C. (2003) 'Understanding Value Creation from Intangibles: Key Messages from a Portfolio of Case Studies', PRISM Project, www.euintangibles.net/library/localfiles/WP2/2.2_Courtney&Holtham_2003a.pdf
31. Eustace, C. (2003) The PRISM Report: Research Findings and Policy Recommendations. Brussels: European Commission.
32. Accounting Standards Board (2002) Statement on 'Operating and Financial Review'. London: ASB.
33. Carey, A. and Sancto, J. (eds) (1998) The 21st Century Annual Report. London: ICAEW.
34. Benston, G., Bromwich, M., Litan, R. and Wagenhofer, A. (2006) Worldwide Financial Reporting: The Development and Future of Accounting Standards. Oxford: OUP.
35. Fincham, R. and Roslender, R. (2003) The Management of Intellectual Capital and its Implications for Business Reporting. Edinburgh Institute of Chartered Accountants of Scotland.
36. Accounting Standards Board (1998) FRS 11: Impairment of Assets. London: ASB.
37. International Accounting Standards Committee (1998 a) IAS 36 Impairment of Assets. London: IASC.
38. Alciatore, M., Dee, C.G., Easton, P. and Spear, N. (1998) 'Asset Write-downs: A Decade of Research', Journal of Accounting Literature 17: 1-39.
39. Andrews, R. (2006) Impairment ofAssets: Measurement without Disclosure? London: ACCA.
40. Kpmg / Impact (1994) Information as an Asset: The Board Agenda. London: KPMG / IMPACT.
41. Oppenheim, C., Stenson, J.A. and Wilson, R.M.S. (2003 a) 'The Attributes of Information as an Asset', Advances in Library Administration and Organization 20: 123-47.
42. Oppenheim, C., Stenson, J.A. and Wilson, R.M.S. (2003 b) 'Studies in Information as an Asset I: Background', Journal of Information Science 29 (3). 159-66.
43. Oppenheim, C., Stenson, J.A. and Wilson, R.M.S. (2003 c) 'Studies on Information as an Asset II: Repertory Grid', Journal of Information Science 29 (5). 419-32.
44. Oppenheim, C., Stenson, J.A. and Wilson, R.M.S. (2004) 'Studies on Information as an Asset III: Views of Information Professionals', Journal of Information Science 30 (2). 181-90.
45. Sterling, R. (1970) Theory of the Measurement of Enterprise Income. Lawrence: University Press of Kansas.
46. Accounting Standards Board (1999) Statement of Principles. London: ASB.
47. Davies, M., Paterson, R. and Wilson, A. (1997) UK GAAP: Generally Accepted Accounting Practice in the United Kingdom. London: Macmillan.
48. Marchand, D. A. (ed.) (2000) Competing with Information: A Manager's Guide to Creating Business Value with Information Content. Chichester: Wiley.
49. Winter, S.G. (1987) 'Knowledge and Competence as Strategic Assets', reprinted in D. A. Klein (ed.) (1998) The Strategic Management of Intellectual Capital, pp 165-87. Boston, MA: Butterworth-Heinemann.
50. Marchand, D., Kettinger, W.J. and Rollins, J.D. (2001) Making the Invisible Visible: How Companies Win with the Right Information, People and IT. Chichester: Wiley.
51. Davenport, T.H. (1993) Process Innovation: Reengineering Work through Information Technology. Boston, MA: Harvard Business School Press.
52. Black, S.H. and Marchand, D. (1982) 'Assessing the Value of Information in Organisations: A Challenge for the 1980's', The Information Society Journal 1 (3). 191-225.
53. Burk, C. and Horton, F. (1988) Infomap: A Complete Guide to Discovering Corporate Information Resources. Englewood Cliffs, NJ: Prentice-Hall.
54. Reuters (1995) Information as an Asset: The Invisible Goldmine. London: Reuters.
55. Hawley, R. (1995) 'Information as an Asset: The Board Agenda', Information Management and Technology 28 (6). 237-39.
56. Owens, I. and Wilson, T.D. (1997) 'Information and Business Performance: A Study of Information Systems and Services in High Performing Companies', Journal of Librarianship and Information Science 29 (1). 19-28.
57. Eaton, J.J. and Bawden, D. (1991) 'What Kind of Resource is Information?', International Journal of Information Management 11 (2). 156-65.
58. Boisot, M. (1998) Knowledge Assets: Securing Competitive Advantage in the Information Economy. Oxford: Oxford University Press.
59. Badenoch, D., Reid, C., Burton, P., Gibb, F. and Oppenheim, C. (1994) 'The Value of Information', in M. Feeney and M. Grieves (eds) The Value and Impact of Information, pp. 9-78. London: Bowker Saur.
60. Griffiths, D. and King, J. (1991) 'Indicators of the Use, Usefulness and Value of Scientific and Technical Information', in D. Raitt (ed.) Online Information: Proceedings of the Fifteenth International Online Meeting, 10-12 December, pp. 361-77. London: Aslib.
61. Glazer, R. (1993) 'Measuring the Value of Information: The Information-intensive Organisation', IBM Systems Journal 32 (1). 99-111.
62. Orna, E. (1996) 'Valuing Information: Problems and Opportunities', in D. Best (ed.) The Fourth Resource: Information and its Management, pp. 18-40. Aldershot: Aslib / Gower.
63. Repo, A.J. (1986) 'The Dual Approach to the Value of Information: An Appraisal of Use and Exchange Values', Information Processing and Management 22 (5). 373-83.
64. Arrow, K. (1984) The Economics of Information. London: Blackwell.