Measuring the Unmeasurable: Advances in Intellectual Capital Accounting and Knowledge Management

The Areopa Group, renowned for its expertise in Intellectual Capital Accounting and Applied Knowledge Management, has developed innovative systems to quantify intangible assets monetarily. With over 40,000 man-days dedicated to R&D, the group has devised an IC Calculation system that evaluates 77 intangible assets using econometrics. Complementary systems for IC Accounting and IC Auditing align with IAS/IFRS standards, ensuring comprehensive evaluation of IC balance sheets. Additionally, methodologies for capturing, storing, and re-utilizing tacit and explicit knowledge have been established, transforming these insights into organizational assets. This research has the potential to revolutionize business processes, offering unique licensing models for market application. The paper delves into these systems' intricacies, presenting a transformative approach to organizational knowledge and asset management.