Reporting on Intangibles
- Tags:
- Finance,
- Financial Services,
- Intangibles,
- ITNetwork365,
- Management,
- Operational Accounting,
- Strategy
- Source:
- ITNetwork365
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Overview: There is no consistency in the way intangible resources are reported in UK information technology firms. The results above show that although no formal accounting measures are being used to report intangible resources in the UK, firms are seeking organisational legitimacy by using narrative passages to describe actions taken in terms of intangibles. As with early reporting on social and environmental factors reporting on intangibles is self laudatory, with no negative disclosures being made. Whilst such reporting is not mandatory it is hard to see why firms would voluntarily publish negative narratives about certain areas of their business.
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