Current event presentation: "The imprecise world of accounting"
Accounting is often thought of as a profession of precision. However, according to Hans Hoogervorst, chairman of the International Accounting Standards Board, calculating the true value of an asset is as much art as science, despite the many measurement techniques offered by the international financial reporting standards (IFRS) and U.S. GAAP. A good example of this is the notion of 'intangible assets.' Facebook is not a particularly valuable company, financially speaking, in terms of the revenue it is able to garner at present from advertising, but it possesses tremendous cultural capital. The money-making potential of a new patent for a drug or the power of a trademarked name likewise cannot be quantified before it is sold, but must be taken into consideration when evaluating the perceived prestige of a company.
Because of the dot.com bubble there is often a tendency to be reluctant to place a high value on intangible assets, given that companies that did not 'do anything' were highly valued based simply on inflated reputations and an awed respect for technology in the 1990s. But a failure to consider the stock's value in 'the real world'...
66). Furthermore, social software will only increase in importance in helping organizations maintain and manage their domains of knowledge and information. When networks are enabled and flourish, their value to all users and to the organization increases as well. That increase in value is typically nonlinear, where some additions yield more than proportionate values to the organization (McCluskey and Korobow, 2009). Some of the key characteristics of social software applications
" With regards to student multiple-skill development, Kellner proposes that computers should be at the center stage of learning. Students should be able to not only operate the computer but also use it to gather data from the Internet, communicate across classrooms and cultural boundaries. He argues that computers should be used dramatically to transform the circulation of knowledge, images, and other modalities of different cultures. Not only presence but also
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