Andrew Watson
Taxonomy of Intangibles
– Rethinking Capital
After a couple of weeks thinking about consumer issues, we are moving towards a more institutional discussion today at the Pension PlayPen.
Join this meeting – click here today
(Tues 21st Oct)
We are delighted that Andrew Watson, will be presenting his view on the taxonomy of intangibles and the interactions and flows between them. Andrew is the founder of Rethinking Capital and one of the inventors of Accounting for Reality–described by former KPMG forensic accountant as
‘the first major accounting update in at least 500 years’.
Rethinking Capital has found the elusive way using back to basics double entry, technical accounting and existing IASB Standards to create the incentives to enable and accelerate the transition, adaptation and resilience—to make them very profitable and materially increase returns and improve credit rating—by simply recognising intangibles that exist in reality but aren’t recognised in accounting practice.
The session will run through a case study and an analysis of BP to illustrate.
Rethinking Capital secured a decision from the IASB on one Standard, IAS37, that’s the cornerstone of the Accounting for Reality. And PRI support for IAS37 disclosure in the 2024 SGM.
Please view David Atkin’s AssetTV interview on 18th September in which he called for better information on the balance sheet which was a major signal of a ‘reflection point and problem that Accounting for Reality solves.
Andrew founded Rethinking Capital in 2016 and previous roles include Limeon, ipVA and EY. He graduated with a law degree from Newcastle University in 1988.
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