Intellectual capital (integrated reporting)
Intellectual capital comprises organisational knowledge-based resources in the integrated-reporting context. It can include protected intellectual property and the systems or know-how supporting how work is done. Its value depends on application and maintenance, and the reporting category is broader than intangible assets recognised under accounting standards.
Worked example
A business explains how its process knowledge and software support consistent service. It distinguishes that capability from a claim that every related cost qualifies for asset recognition.
Common mistake
Do not equate discussing intellectual capital with permission to capitalise all research, training or brand expenditure.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBL | Direct | September 2026–June 2027 |