Intangible Capital Expenditure
It will challenge you to consider how to apply a well-known accounting convention, capital expenditure, to today’s companies. Lack of this kind of approach for modern assets like data, systems, knowledge and networks is a big driver of the 87% intangible information gap between corporate value and the tangible net worth of the average public company in the U.S.
This paper does not suggest changes in GAAP. Rather, it provides a simple framework for a management accounting report that can be produced by companies of every size.