Intellectual capital reporting : an examination of local government in Victoria

Sciulli, Nick, Wise, Victoria, Demediuk, Peter and Sims, Rob 2002, Intellectual capital reporting : an examination of local government in Victoria, Accounting, accountability & performance, vol. 8, no. 2, pp. 43-60.

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Title Intellectual capital reporting : an examination of local government in Victoria
Author(s) Sciulli, Nick
Wise, Victoria
Demediuk, Peter
Sims, Rob
Journal name Accounting, accountability & performance
Volume number 8
Issue number 2
Start page 43
End page 60
Total pages 18
Publisher Griffith University
Place of publication Brisbane, Qld.
Publication date 2002-12
ISSN 1445-954X
Summary The objective of this research is to examine how Victorian local government annual reports disclose information on intellectual capital. The idea of intellectual capital has become part of the working organisational vocabulary, and is widely held in management literature to be the pre-eminent economic resource and a key driver of efficiency, effectiveness and continual improvement in the private and public sectors. Under the recent Best Value Victoria policy, local governments are under increasing pressure to acquire and apply intellectual capital to improve responsiveness to community needs and meet cost and quality criteria. Annual reports exist as vehicles for communication, accountability and decision making. This study examines how the internal, external and human categories of intellectual capital are represented in the annual reports for the 2000 year for 77 of the 78 Victorian local

Using a matrix approach derived from Petty and Guthrie's (2000) framework, content analysis is employed to examine the incidence and intensity with which specific elements of intellectual capital are reported. This research indicates that generally the content of annual reports have not provided clear and coherent representations of how local government in Victoria are developing, applying and measuring intellectual capital. The nature and extent of intellectual capital reporting varies considerably between councils, and the disclosure of the human elements of intellectual capital is particularly underdeveloped. The findings suggest that more research in this area is needed to determine the extent to which intellectual capital should be disclosed and whether the current paucity of disclosure stems from disinterest or technical problems. There is also the need for further research into the need to identify and describe elements of intellectual capital, and into effective
reporting strategies and techniques. This may lead to the development of a 'best practice' reporting model for intellectual capital. Furthermore, the preliminary investigations indicate a perceived need to raise the consciousness of public sector
managers as to the existence of intellectual capital within their organisations, and ultimately lead to more informed and effective management of this asset.
Language eng
Field of Research 150102 Auditing and Accountability
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2002, Griffith University, School of Accounting
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Document type: Journal Article
Collection: Deakin Graduate School of Business
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