This article lays out the influence of intellectual capital report on academic research management. Specially,it analyzes its emergence,function,models,features,and implications to academic management. It is hoped to bring new perspectives and ideas to academic management in Chinese universities.
Based on the case of the Chase Sun Company,this article analyzes the dilemma of intellectual capital information disclosure of traditional financial report,and puts forward a kind of external intellectual capital report.External intellectual capital report should be an organic combination of standardization and peculiarity,and should report information about the Statue Quo,investment and efficiency of an enterprise's intellectual capital sysmatically.External intellectual capital report should not only include the factors of an enterprise's introduction,vision and object,main strategy,but also include a set of intellectual capital statements which is composed of general intellectual capital statement,industry general intellectual capital statement and enterprise-specific intellectual capital statement.The general intellectual capital statement is only composed of general indicators,and industry general intellectual capital statement is composed of general indicators and industry-specific indicators,while enterprise-specific intellectual capital statement is composed of general indicators,industry-specific indicators and enterprise-specific indicators.
Based on the resource-based theory,this article analyses the relationship between distinctive intangibles and sustained competitive advantage,and points out the comprehensively current financial accounting model to reflect distinctive intangibles.Based on these conclusions,the study also argues that the consolidated goodwill composed of distinctive intangibles of the acquired,so the subsequent accounting treatment of consolidated goodwill should be in the light of the value change of distinctive intangibles of the acquired after acquisition.
The arrangement of enterprise ownership influence the efficiency and different participants' interest of firm directly.The optimal arrangement of enterprise ownership is an arrangement under which residual claims should match rights of control.But the terminal depends on negotiation and gaming among the participants of the firm.Corporate governance reflects enterprise ownership's specific arrangement and should suit to it.Financial accounting is an economic information system,which coordinates the interest of different participants.Its objectives should reflect the arrangement of enterprise ownership and corporate governance.The changing of financial accounting objectives from stewardship view to decision usefulness view just reflects the changing of enterprise ownership's arrangement and corporate governance.
Based on theResource-based theory,intangibles are more important than tangibles in strategic status. But in current financial report model,the financial status of intangible is lower than tangibles because of the restrictions of property rights reflectingmaterial capital supremacies,current financial accounting model and proprietary cost of information disclosure. The deficiency of information disclosure about intangibles has affected the investor's decision,the operation of capital market and the distribution of resources negatively. We argue that current financial accounting model should be improved to encourage the information disclosure of intangibles.
Intellectual capital report has become an organic part of public report of intensive knowledge business in developed coun- tries.As a public report,intellectual capital report should be made out and disclosed based on standardization,but the current intellectual capital report is full of diversification,lack of standardization and comparability.The future development of intellectual capital report in China should be made out and disclosed based on standardization and take reference of the general financial report model.
Enterprises live in a multidimensional value network system which is composed of micro value network,industry value network and social value network.Multidimensional value network system promotes the enterprise intellectual capital's development and accumulation,causes the enterprise's intangible value boundary to separate from the tangible value boundary gradually,and enhances the enterprise's intangible value and overall value.In the multidimensional value network system,the value measurement of an enterprise includes tangible value measurement and intangible value measurement.Tangible value measurement is to measure the economic value of the enterprise's material wealth,and intangible value measurement is to measure the value creation potential of the enterprise's intellectual capital.Financial valuation or financial value assessment methods are commonly used in tangible value measurement,and measurement,financial valuation,financial value assessment,non-financial value measurement and non-financial value assessment methods are all used in intangible value measurement.
The status quo of intellectual capital(IC) information disclosure is grave deficient in all countries.This situation is mainly caused by current financial accounting model reflecting material capital supremacies,competition of product market,the politics of IC information disclosure and the naive IC theory.Some measures should be taken to improve the efficient disclosure of IC information,such as the intensification of IC theory research,the government's coordination and management,and the construction of stakeholders accounting.
Though scholars in accounting fields have studied the nature of goodwill for more than 100 years and made some progress in such following fields as: the goodwill composing factors, direct measurement and in direct measurement, they haven't made a radically breakthrough. We should first define clearly goodwill, and then study the nature of goodwill based on some relevant theory.
