1. Dr. Cevdet Kızıl Istanbul Medeniyet University
9th International Conference on Economics and Management Rome, Italy 3 February 2017
Dr. Cevdet Kızıl
Istanbul Medeniyet University

2. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Intellectual capital is the intangible value of a business, covering its people (human capital), the value inherent in its relationships (Relational capital), and everything that is left when the employees go home(Structural capital), of which Intellectual property (IP) is but one component (Edvinsson and Malone, 1997).

3. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

4. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

5. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

6. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

7. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

8. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Invest On Intangibles. (2012). Intellectual Capital Management.

9. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

10. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

11. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Invest On Intangibles. (2012). Intellectual Capital Management.

12. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

13. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

14. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

15. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

16. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection

17. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.

18. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection
Structural Capital (SC) = Value Added (VA) – Human Capital (HC)
Value Added (VA) = Revenues – Expenditures
Revenues = Gross Margin of Business
Expenditures = Selling, General and Administrative Expenses – Labor Expenses
Human Capital (HC) = Labor (Personnel) Expenses
Total IC Assets = SC + HC
IC Equity = SC + HC – IC Liabilities
Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.

19. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.

20. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.

21. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.

22. _______________ 31. 12.... ____________ 265 Intellectual Assets X $
Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.
_______________ ____________
265 Intellectual Assets X $
504 Intellectual Capital X $
__________________ / _________________

23. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.

24. Intellectual Capital Accounting, Reporting and Disclosure in the Modern Economy for Value Reflection Kizil, Cevdet. (2012). The Measurement, Accounting and Reporting of Intellectual Capital in Arcelik A.S. as a Multinational Company. Lap Lambert Academic Publishing.