Get the free ACCT5920 Managing Intangible Resources S12012.doc

Australian School of Business Accounting Dr Natalie Buck master ACCT5920 MANAGING INTANGIBLE RESOURCES Course Outline Semester 1, 2012 Part A: CourseSpecific Information Part B: Key Policies, Student

How to fill out acct5920 managing intangible resources

How to fill out acct5920 managing intangible resources:

1. Begin by gathering all the necessary information related to the intangible resources that need to be managed. This can include things like patents, trademarks, copyrights, and intellectual property.
2. Identify the specific areas within your organization where these intangible resources are being used or can be potentially utilized. This might involve conducting an internal audit or assessment to determine the extent of intangible resource utilization.
3. Evaluate the current value and importance of each intangible resource. This can be done by assessing market demand, competitive advantage, and potential revenue generation associated with each resource.
4. Determine the appropriate strategies for managing and protecting these intangible resources. This can involve activities such as licensing, franchising, or entering into strategic partnerships to leverage the value of the resources.
5. Develop a comprehensive plan for monitoring and maintaining these intangible resources over time. This may include regular audits, updates to legal documentation, and ongoing market research to stay informed about potential opportunities or threats.

Who needs acct5920 managing intangible resources:

1. Businesses or organizations that heavily rely on or possess valuable intangible assets, such as intellectual property, copyrights, and trademarks, will benefit greatly from taking the course on managing intangible resources.
2. Entrepreneurs or individuals who are in the process of starting their own business and want to learn how to effectively protect and manage their intangible assets.
3. Professionals working in fields related to technology, innovation, or creative industries, where intangible resources are often the most valuable assets and require specialized management.
4. Managers or executives responsible for strategic decision-making within an organization, as understanding how to manage intangible resources can contribute to long-term success and competitive advantage.

In conclusion, the course on managing intangible resources (acct5920) provides valuable knowledge and skills for individuals and organizations looking to effectively manage and protect their intangible assets. From gathering information to developing strategies and implementing monitoring systems, the course covers important aspects of managing intangible resources for various stakeholders.

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What is acct5920 managing intangible resources?

acct5920 managing intangible resources refers to the process of identifying, valuing, and managing intangible assets within a company's financial reporting.

Who is required to file acct5920 managing intangible resources?

Companies and organizations that have intangible assets on their balance sheet are required to file acct5920 managing intangible resources.

How to fill out acct5920 managing intangible resources?

To fill out acct5920 managing intangible resources, companies need to gather information on their intangible assets, value them accurately, and report them in the appropriate financial statements.

What is the purpose of acct5920 managing intangible resources?

The purpose of acct5920 managing intangible resources is to provide investors and stakeholders with a clear understanding of the value of a company's intangible assets and how they contribute to the overall financial health of the organization.

What information must be reported on acct5920 managing intangible resources?

Companies must report detailed information about the types of intangible assets they hold, their valuation methods, any impairment charges, and any related disclosures about the intangible assets.