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XBRL for Intellectual Capital Statements

Someone posted a comment on one of the XBRL related groups that I belong to stating that XBRL might be a good tool for articulating intellectual capital statements.

Well, I did not know what an intellectual capital statement was or how to create one.  So, in doing some checking these are a few resources that I came up with:

  1. Intellectual capital statement, a definition
  2. A Guideline for Intellectual Capital Statements, a key to knowledge management
  3. Constructing Intellectual Capital Statements
  4. Intellectual capital (Wikipedia)
  5. Knowledge management(Wikipedia)
  6. History of intellectual capital movement
  7. Reading an intellectual capital statement
  8. Measuring intellectual capital

The articles above (#2 and #3) provide different visualizations which help to understand what intellectual capital is or categorizations of intellectual capital:

First:

 

Second (Edvinsson’s and Sveiby’s models of intellectual capital):

A concise definition of intellectual capital is provided by #2 above as:

The market value of the company (i.e. market capitalisation) minus the book value. In
conjunction with intellectual capital statements, the intellectual capital is often constituted
by the grand total of customers, organisation and individual capital. It is also named
knowledge capital. See also book-to-market value.

Imagine a searchable semantic database of external intellectual capital statements for every company.

Interesting.

 

Posted on Sunday, October 14, 2012 at 06:40AM by Registered CommenterCharlie in , | Comments1 Comment

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Reader Comments (1)

The really interesting part is that the knowledge represented by IC is much more of a hard asset than most assume.

Corporate IC is built through cash investments day by day and year by year. This cash is generally accounted for as an expense not an investment. For this reason fully 80% of corporate value in the U.S. today is off balance sheet.

You want interesting, think about what would happen if analysts, investors, bankers and managers started asking what is the knowledge capacity of a company, how much does it cost to build and maintain and what can we do with it?
October 17, 2012 | Unregistered CommenterMary Adams

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