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Title: Accounting for Intellectual Property: Inconsistencies and Challenges
Authors: Moerman, Lee
Keywords: Intangible assets;intellectual property;international accounting standards
Issue Date: Jul-2006
Publisher: CSIR
Abstract: The recognition of rights attached to some forms of intellectual property is a contested domain in legal frameworks, such as the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement. The same can be said of economic frameworks, such as accounting, which attempt to recognize and value intellectual property for the purposes of providing information for decision making. The paper explores the discourse of accounting in recognition of intellectual property as an asset according to the new International Accounting Standards. The legal and accounting discourses in which intellectual property rights are acknowledged are compared, concluding that these discourses are not necessarily aligned. The effects and implications of the development of a global regime for accounting for intangibles may eventually harmonize the accounting treatment for intellectual property but yet not resolve the contentious issue of the inconsistencies in the recognition of intellectual property rights under different frameworks and implications for economic decision making.
Page(s): 243-248
ISSN: 0971-7544
Appears in Collections:JIPR Vol.11(4) [July 2006]

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