Authors: Angus O. Unegbu
Addresses: Department of Business and Management Sciences, University of Kurdistan Hewler, Kurdistan Region, Iraq
Abstract: Defining a model for measuring, managing and disclosing faculty intellectual capital in corporate financial statements has not yet gained general acceptance. This study aims at evaluating the current faculty performance measurement related issues, managing and ways of disclosing faculty intellectual capital there are abound in universities in financial statements and to seek a rethink on adoption of a new model in this regard. The model is anchored on the precepts of activity-based-costing but reinvigorated with new variables that positions current-activity-based-costing (CABC) model as upcoming faculty performance motivating technique of measurement, managing and disclosure for the corporate good. It is stipulated after highlighting the deficits of current methods used in universities. A survey of faculty views on the new model was carried out. The outcome of the survey correlates positively to stipulations of the new model as future faculty performance definition, managing and disclosure in universities, although the outcome of the survey significantly modified the model construct. The study conceptualises a new framework for understanding the components of faculty intellectual capital, the best means of measurements, managing and means of their disclosure in the financial statements.
Keywords: activity-based costing; ABC; intellectual capital redefinition; human resource accounting; HRA; faculty performance measurements; intellectual capital measurement; intellectual capital disclosure; faculty intellectual capital; corporate financial statements; universities.
International Journal of Learning and Intellectual Capital, 2016 Vol.13 No.1, pp.50 - 71
Received: 13 Mar 2015
Accepted: 12 Jul 2015
Published online: 23 Jan 2016 *