I’ve been discussing The End of Accounting with a lot of people but hadn’t gotten around to reviewing it here. I definitely recommend it as a fresh take on the intangibles problem and a sobering view of the challenges facing accountants today.
Baruch Lev has been talking about intangibles about as long as anyone. I often quote this quick video that we recorded of Dr. Lev at an intangibles conference we organized in DC in 2011 where he say that intangibles are “the only assets that create value.” His logic is that tangible assets are commodities available to everyone. The only alternative is the development of intangible assets. Continue reading “The End of Accounting and the Beginning of Intangibles Accounting”