non-traditional balance sheet
Definition
Balance sheet that assigns due value to intellectual assets (personnel who generate valuable know how) intellectual capital (copyrights, formulas, patents) and intellectual property (brand names, registered designs, trademarks), etc. It is based on the concept that the true worth of a firm is based at least as much on its knowledge assets as it is on its physical assets. It draws on the analogy that the value of a property (as judged by a real estate appraiser) includes non-material factors (such as its accessibility, amenities, condition, convenience, location, neighborhood) in addition to the value of building material used in its construction. See also traditional balance sheet.
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