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Welcome: Anonymous User |
What others say |
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"The intangibility of a company's most important assets makes it extremely hard to figure out what that company is really worth." Paul Krugman, MIT economist and New York Times columnist The members of this project are not alone in their concern for the intangibles-related deficiencies which exist in our management, measurement and reporting systems. Media articles of note are being collated in the Library. Some recent articles have included:
Some prominent minds have voiced their opinions, some of them as long as 15 years ago. "Corporate management accounting systems are inadequate for today's environment." H. Thomas Johnson and Robert S. Kaplan (1986) "There are going to be a lot of problems in the future." Federal Reserve Board Chairman Alan Greenspan warned in January 2000 that accounting wasn't tracking investments in knowledge assets. "There's a need to move to a new level in accounting, one that measures a company's momentum in terms of market position, customer loyalty, quality, etc. By not valuing these dynamic perspectives, we are misstating the value of a company as badly as if we were making mistakes in addition." VC and business writer William Davidow ("The Virtual Corporation",1993) "Some of the most useful information is not necessarily the most reliable, and some of the most reliable is not necessarily the most useful." Steven Wallman, SEC Chairman "Without measurements that correspond to value drivers, managers are not going to make decisions that best serve economic growth." Robert K Elliott Chairman American Institute of Certified Public Accountants "For capital markets to function best, financial statements need to be as informative as possible" Professor Baruch Lev If you have any information which you feel we should show, you can email us. |
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