[Upd-discuss] software/intellectual property listed as capital in balance sheet?

[Adam Moran]

Hi,

Mashilamani Sambasivam wrote:

>> Does anyone know if software and intellectual
>> property are listed as assets in corporations' 
>> balance sheets by accountants or whoever?

A market for ideas:
http://www.economist.com/printedition/displaystory.cfm?story_id=5014990

<snip>

   In recent years intellectual property has received a lot more
   attention because ideas and innovations have become the most important
   resource, replacing land, energy and raw materials. As much as
   three-quarters of the value of publicly traded companies in America
   comes from intangible assets, up from around 40% in the early 1980s.
   "The economic product of the United States", says Alan Greenspan, the
   chairman of America's Federal Reserve, has become “predominantly
   conceptual". Intellectual property forms part of those conceptual
   assets.

</snip>

More info:
Asset Management Report Global Intellectual Property:
http://www.foley.com/files/tbl_s31Publications/FileUpload137/2873/Foley_Lardner1_GI0605.pdf

Regards

-- 
Adam Moran                      |   Belfast, Thursday March 16th
http://www.webarchitects.co.uk/ |    \\ FOSS Means Business //
Bridging the Digital Divide     |   http://foss-means-business.org