International Accounting Guidelines for Intellectual Property
- Intellectual Capital Statements: The New Guideline, Ministry of Science, Technology and
Innovation, Denmark, 2003.
- Intellectual Capital Statement – Made in Germany, Federal Ministry of Economics and Labour, Germany, 2004.
- Reference Guideline for Intellectual Property Information Disclosure, Ministry of Economy, Trade and Industry, Japan, 2004.
These guidelines aim to redress weaknesses in financial accounting standards, which do not
address intangible assets. They provide guidance to firms on how to prepare reports that disclose qualitative and quantitative information about their intellectual assets and the contributions of those assets to firm performance. It is hoped that such disclosures will provide relevant information about the value of firms and improve the efficiency of financial markets.