alexa Intellectual Property Valuation and Accounting | OMICS International| Abstract

ISSN: 2375-4516

Intellectual Property Rights: Open Access

  • Research Article   
  • Intel Prop Rights 2017, Vol 5(1): 1
  • DOI: 10.4172/2375-4516.100081

Intellectual Property Valuation and Accounting

Jeffrey E Jarrett*
Management Science and Finance, University of Rhode Island, 7 Lippitt Road, Kingston, RI 02881, USA
*Corresponding Author : Jeffrey E Jarrett, Professor, Management Science and Finance, University of Rhode Island, 7 Lippitt Road, Kingston, RI 02881, USA, Tel: +401 (874) 4169, Fax: 401 (874) 4312, Email: [email protected]

Received Date: Feb 07, 2017 / Accepted Date: Mar 10, 2017 / Published Date: Mar 18, 2017

Abstract

Reporting revenue from intellectual property is a problem of revenue recognition. Although current reporting standards may prescribe rules and regulations for such items as matching and revenue recognition or what is often referred to as the realization postulate in accounting. Financial reporting is the method by which accountants aid business in recognizing their accomplishments. Recognizing future performance is a goal by most reporting methods are merely designed to recognize past cash movement and equivalents as part of the history of a firm but also to evaluate present performance by traditional reporting methods? We evaluate these methods based on traditional accounting theory to facilitate the improvement in accounting methods. We define Intellectual Property (IP) as any product of intellect that the law protects from unauthorized use by others. These items include patents, copyrights, trademarks and trade secrets are considered to be the products of intellectual property. To account for these items is a serious problem and is the main subject of this study.

Keywords: Intellectual property; Recognition; Realization; Matching

Citation: Jarrett JE (2017) Intellectual Property Valuation and Accounting. Intel Prop Rights 5: 181. Doi: 10.4172/2375-4516.100081

Copyright: ©2017 Jarrett JE. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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