INTELLECTUAL CAPITAL THE BALANCE ANALYSIS
1. A ATTEMPT AT MEASUREMENT
With the intellectual capital, complex problems come into question in themselves. All authors managed by the administrator coincide in assuring that the more important entrepreneurial resource is the human; In practice, the treatment is not always it's all the same. Bookkeeping is also delayed and practically he has ignored his value because not even he takes care of him in notes to balance.
Of another part, we know that the men's knowledge is very intrinsic. That knows each one he is his own and each one as he has free will to utilize his knowledge. To a human being himself him what he wants to sell shops, but not his attitude.
Else we can acquire a dominion on the human being, how can we activate it?. They characterize the assets for his identity; The reclamation of the fact that he is leftover can do the company and his potential capability to generate income (cash flow).
Let's retake previous concepts: No assets individually considered are susceptible to generating income. An operation requires a combination itself (generally fixed and ordinary) more (administration) which is developed by human beings and of whose efficiency, the potency depends on the capability to generate cash earnings.
The administration will be more efficient insofar as he has cultured, good - intellectual capacity people and with the proper formation like being more one specific knowledge humanly, which requires grand level entrepreneurial investments. The performance takes place in the medium and long term and generates a culture that everything canalizes entrepreneurial knowledge properly protected.
Accepting the intellectual capital value and his grade of importance as occurs with virtual companies, which depend more and more on the human being (knowledge and confidence), does not get alternative distinct that to attempt his measurement, development that certainly will take longer to be accepted universally like valuable measure. The theme is extremely complex and has implications of a lot of nature that in the long run will lead to real and tangible benefits for all of the proprietors and for development in general.
In this document, we dare to encounter one point of departure to talk about the subject, in the expectation of receiving complementary contributions that they help somebody structure a method that he resist analysis and that he achieves a level of acceptance that it permits registering his value in annual accounts.
A. LEVEL OF PERSONAL GROWTH: investment made in human growth with a result properly evaluated. He measures himself for the number of currency units inverted, if and when results are positive. Also this level measures according to the people's academic level that they integrate the organization and the executed investment in getting better academic itself.
B. THE COMPANY PERSONNEL'S LEVEL OF EMOTIONAL COEFFICIENT: measured for experts in the theme utilizing a systematic procedure that permits taking corrective stock. He measures himself for the number of inverted currency units and judicious people's percentage that he considers acceptable.
C. DEGREE OF SATISFACTION OF THE LABOR FORCE: it is generated for possibilities of realization like being his work humanly and it is complemented with sports, cultural activities, and academics. In shape systematic to take decisions is measured for opinion polls arranged for by experts and utilized, which give the level of acceptable satisfaction but executed investment to achieve it.
D. COMPANY POSITIONING IN THE MIDDLE: variable to evaluate with studies of market properly certified. He measures himself with a percentage that monetary utilized investment that is considered acceptable.
E. DEGREE OF ACCEPTANCE ON THE PART OF THE COMMUNITY: calculated by means of opinion polls of opinion elaborated with a systematic procedure that he be useful for taking corrective stock.
F. STANDARDS OF WORLDWIDE RECOGNITION:
- ISO 9000
- ISO 14000
- ISO 18000
The ones that are gotten from certified must be maintained in use and the fact that he requires an initial investment and periodic other for his obtaining and maintenance, which must quantify themselves in currency units.
G. RELATIONS WITH THE STATE:
- District attorneys
- Ground rules
They write themselves verifying the fulfillment of commitments regulated by the status that constitute requirements to operate and.
H. PRACTICES OF ASSOCIATION GOVERNMENT: It measures himself according to the manifest expression and the fulfillment of correspondent regimentation.
I. LEVEL OF FULFILLMENT OF ENVIRONMENTAL LEGISLATION: It is calculated by analyzing the fulfillment of official regimentation.
According to the concept of SYNERGY, the company as a whole, a superior value has its patrimony, defined in countable terms like the difference among active and passive totals. In the entrepreneurial environment exists a carry-out lack of appetite to practice his real value, as concerns the concept of presumptive income that the fiscal system drives.
Variables 1 – 6 measure themselves in terms of executed investment but the expenses of the measurement and will give an absolute value that he fits up according to the IPC.
Variables 7, 8, and 9 will have a qualitative value that an I for each one will be.
The intellectual capital value will be exposed to the following form, examples:
a. I - 200 It fulfills a norm legal and it has invested to $200 million in intellectual capital.
b. II - 300 It fulfills two norms legal and it has invested $300 million in intellectual capital.
c. III - 400 It fulfills three norms legal and it has invested $300 million in intellectual capital.
d. III - 600 It fulfills three norms legal and it has invested $600 million in intellectual capital.
Taking like base Tobin's Q we calculated the relation among the actual value and the intrinsic value, if the little India that investors are paying is positive one intangible then it does not reflect in balance. In order to obtain the tax benefit, the bookkeeping registered the previous investments like expenses in order to obtain the tax deduction, next:
|Pr = A - P + I|
|I:||investments in intellectual capital|
VM: actual value
|Q of Tobin 2.0|
Therefore the intellectual capital yield amounts to the difference among the bigger value paid by the market and investment calculated according to the previous procedure. And therefore:
|Vp Tobin - Vp books = VAICI|
|Vp Tobin:||value of the patrimony according to Q of Tobin|
|Vp in books:||value of the book patrimony|
|VAICI:||added-value of the investment in intellectual capital|
|VCI:||Value of the intellectual capital|
|VAICI:||Added-value of the investment in intellectual capital|
Equity value at market price: No. of shares * market value of the share.
Book value of equity: No of shares * book value of the share.
VICI: the value of an investment in intellectual capital.
X: higher value paid by investors (for the intangible),
X = VM- (VL + VICI)
In other words, it is as if the company had extra capital, producing profits, the value of which is estimated based on the cost of capital.