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Managing Intangible Resources - ACCT5920
 Students studying

   
   
   
 
Campus: Kensington Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 3
 
 
Fee Band: 3 (more info)
 
 
Further Information: See Class Timetable
 
  

Description

The gap between the market value of firms and the capitalisation of their assets in the balance sheet highlights the value that investors are prepared to attribute to the "intangible resources" of many organisations (such as financial service, software development and e-commerce companies). The value generating potential of such organisations is attributed to resources, and competencies in managing those resources, that the traditional accounting system is both unable and unwilling to represent in explicit financial terms. This course aims to identify these "intangible resources" and to examine their role in achieving superior financial performance. Topics include: customer relationships; supplier relationships; knowledge management; diversity; and community and government relationships. In addition, this subject will also explore advances in financial reporting that attempt to capture and represent these "intangible resources," for example, triple line reporting, the Scandia Navigator system and other recent attempts at social accounting. This subject is based on the premise that long term sustainable value creation is achieved only from collaborative organisational practices in which the contributions of all stakeholders are recognised and rewarded.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.