Accountancy of knowledge needs new T accounts:
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They work just like T accounts for assets and liabilities:
(1) When a business entity hires a new knowledge worker: you increase the competence assets by recording a debit transaction, and increase the intellectual capital by recording a credit transaction. Take the transaction values from the new employee’s personal knowledge balance sheet.
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(2) When a knowledge worker leaves a business entity: you decrease the competence assets by recording a credit transaction, and decrease intellectual capital by recording a debit transaction.
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We kindly ask you to put our copyrights and domain – © 2011 www.pacioli-institute.com – on your private personal knowledge balance sheet or on your company knowledge-based balance sheet just as we do in indicated place. It helps to popularize our ideas and makes possible further research. Please feel free to use our knowledge, while furthering it’s development.
