David Lambourne
Commonwealth Scientific and Industrial Research Organisation (CSIRO)
The valuation of technologies along the technology pipeline is a critical input into transactional negotiations, strategic decision making and resource allocations within innovative companies, and research organisations alike. Despite this, internally generated intangible assets are not consistently integrated into an organisation’s financial statements. As a result, there is a disconnection between the financial statements of an organisation and their underlying business models. This paper addresses this disconnection and proposes a valuation/ decision making framework which integrates the technology development lifecycle within the International Accounting Standards (IAS) framework.
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