The Relevance of Intangibles in Financial Information

Authors

  • Leandro Cañibano Calvo Autonomous University of Madrid

DOI:

https://doi.org/10.17533/udea.rc.14683

Keywords:

Intangibles, innovation, intellectual capita, international financial reporting standards, intellectual capital report.

Abstract

resources and intangible activities are the new value-creating assets of modern companies,
but they are difficult to measure, manage and evaluate.In this paper we initially deal with the concept
of these assets and we review the treatment given to them by the international financial information
standards, as well as the effect produced by their application, namely the lack of recognition of
a significant proportion of those intangibles in terms of their value.This underestimation requires
another kind of complementary or alternativeinformation, such as intellectual capital reports.
Some guidelines for developing this type of reports has been stated within the European Union,
e.g. theintangible assessment specific reports made by independent experts, or the reports forthe
company’s management about itsown process of creating value from its intangibles.
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References

Cañibano, L.; Sánchez, M. P.; García-Ayuso, M. y Chaminade, C. (Eds.) (2002). Directrices MERITUM para la gestión y difusión de información sobre intangibles. Fundación Vodafone: Madrid.

Cañibano, L. y Sánchez, M. P. (2004). Measurement, Management and Reporting on Intangibles: State of the Art. En: Readings on Intangibles and Intellectual Capital. AECA, Madrid, pp. 81-113.

Cañibano, L., E; García Meca, B.; García Osma y Gisbert Clemente, A. (2008). Los intangibles en la regulación contable. AECA: Madrid.

European Commission (Ed.) (2006). RICARDIS Reporting Intellectual Capital to Augment Research, Development and Innovation in SMEs, European Communities: Belgium.

InCAs (2009). Intellectual Capital Statement. http://www.incas-europe.eu [con entrada el 12 de agosto de 2010]

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Lev, B.; Cañibano L. y B. Marr (2005). An Accounting Perspective on Intellectual Capital. En: Perspectives on Intellectual Capital. Elsevier, Oxford, pp. 42-55.

Lev, B. y Zarowin, P. (1999). The Boundaries of Financial Reporting and How to Extend Them, Journal of Accounting Research, 37, pp. 353-385.

NIC 38 (2004). Activos Intangibles. Comisión Europea: Bruselas.

Sánchez, P. y Salazar, J.C. (2010). El papel de la innovación en el nuevo modelo económico español. Accenture: Madrid

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Published

2013-02-28

How to Cite

Cañibano Calvo, L. (2013). The Relevance of Intangibles in Financial Information. Contaduría Universidad De Antioquia, (60), 41–54. https://doi.org/10.17533/udea.rc.14683

Issue

No. 60 (2012)

Section

Artículos

License

Author’s copyright of the articles is transferred to the University of Antioquia to have abstracts and full texts available in databases that disseminate each issue’s contents. However, the authors may disseminate their work published in the Journal through their personal pages and institutional repositories.

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