Rapportering af immaterielle aktiver i offentlige virksomheder

Glenn Elton Hvidt

Student thesis: Master thesis


This thesis concludes that there is a lack of efficient reporting on intangible assets and intellectual capital in Danish universities. As of right now Danish universities primarily report on their intangibles through the yearly financial statements even though this method is not the best way to show the value-creation of the intellectual capital. The measurement in terms of economic value-creation of intellectual capital is highly uncertain, and in most cases cannot be measured and therefore activated in the financial statements due to the fact that the future economic benefit is either non-existent or highly unreliable.
Furthermore the EU has initiated the EPSAS project with the purpose of standardizing financial regulation in public sector entities. The EPSAS project is built on the IPSAS accounting standards, which again is built on the IAS and IFRS standards for private entities. The EPSAS project is expected to become mandatory for public sector entities in the EU within the next few years. With the standards only being relevant to financial reporting, it does not solve the problem that this way of reporting is not the most efficient in regards to intellectual capital. Neither EPSAS nor IPSAS is expected to expand its standards to include other types of reporting.
Therefore it makes sense to look at different alternatives to the current reporting form. Some researchers in the field of intellectual capital reporting believes that the most efficient way of reporting for universities would be through a separate report on intellectual capital and intangible assets alone. In Austria universities have been required to publish yearly reports on their intellectual capital for more than a decade. This report consists of a qualitative and quantitative description of various parameters of intellectual capital. For example the Austrian reports consists of a qualitative description of how research and teaching is being conducted, as well as a quantitative description on how many professors each department has on its payroll, how many students participate in exchange programs etc. Additionally the intellectual capital reports also consists of an account of how the university have done in regards to a set of pre-determined goals. This part of the report is very similar to the Danish “udviklingskontrakt” which also states a series of pre-determined goals that the university has to report on the results of. This “udviklingskontrakt” in Denmark is part of the universities yearly reports. This thesis believes and concludes that this type of reporting is by far a more efficient and informational way of reporting on value-creation of intellectual capital and intangible assets in comparison to reporting through financial statements.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2016
Number of pages99
SupervisorsCaroline Aggestam Pontoppidan