Accounting in the Knowledge Era

Comment

Comment by Joris g. Claeys on January 26, 2010 at 9:44am

an image tells us thousand words

Comment by Joris g. Claeys on January 26, 2010 at 9:24am

Mary,
Excellent subject and excellent way of presenting the cause.
You are saying that accountants are key to unlocking power of corporate knowledge...
That is a great statement, but how do we bring accountants from the traditional thinking and "way they are used to..." to incorporate IC and the drivers from KM into Accounting Reporting, for starters (though that is actually the end result). So where do we start with motivating, train, bring international standards up to date, incorporate in national regulations, crate a wider understanding, etceteras... There is a huge job a head of us and the IC gurus to date have talked and wished for many - many good - things to happen. However, it does not really come of the ground. The acceptance of IC and IC accounting is far from where it should be. So my question would be: "if accountants are so essential in this unlocking process, how can we motivate, how can we incorporate IC as a necessary addition to Accounting practice and reporting?"

I have seen many undertakings with the different accounting standard bodies, but in how far have they realized something today in this area? To me they should be the drivers to wake up millions of accountants across the globe and start working with us on establishing those standards. Here and there, we are seeing some initiatives, but are those powerful enough to make a change. A change whereby the CFO's tell their CEO/COO/board: "We have to change; we have to incorporate IC if we want to know what is going on with our organization, because our current traditional accounting practice does no longer reflect reality."

At AREOPA, we have shown how IC accounting can easily be incorporated in traditional accounting reporting. The benefits are not only internally, but also to shareholders and investers alike, to understand more where a company is growing towards, rather then reflecting the past with traditional accounting reports and stats from a past fixed moment.
IC has all the elements needed to have common standards in how a company can be judged on the exchange by investors. We should no longer have to depend on rumors and published journalism or only on external events, rather on true information from a company's operation and knowledge and how it is using that knowledge. We have the formulas, we have the integration to reporting, ... but we are missing the accountants!

best regards
Joris Claeys
VP Global Operations
AREOPA - Provoking Innovative Intelligence