I-Accounting: An Adaptive Approach (Method + Practices) to Account for Intangibles

Abstract

This chapter introduces the core aspects of an approach facilitating the valuation of intangible assets created by virtual organisations. The approach we present relies on established simple unified procedures which can drastically reduce problems caused by handling each situation individually, especially if there is no previous experience of similar cases. At the same time, the volume, value, and visibility of transactions between the various stakeholders and involved parties is increased. We conclude with an example case analysis related to the reality faced in collaborative research projects; these are carried out by diverse partners operating as a virtual organisation whose different intellectual assets (IAs) and the value thereof need to be recognised in order to prepare the ground for successful project completion.