Accounting of Intellectual Property Objects: A Structured Approach

Abstract

The recognition, valuation, and accounting of intellectual property (IP) have become critical issues as intangible assets increasingly drive modern economies. This paper examines the accounting of intellectual property objects, with a focus on the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) frameworks. By analyzing key challenges in identifying, measuring, and reporting intellectual property assets, this paper offers insights into current practices and suggests a unified framework for improving accuracy and transparency in IP accounting.