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GAP Congress on Knowledge Capital 2005
 
Executive Summary
Congress Report
Outcomes
In the News
Sponsors & Partners
 

The Congress on Knowledge Capital, held in Melbourne on 3 and 4 November 2005, brought together over one hundred experts and leaders from academia, government, business and not-for-profit sectors to discuss the important issue of managing, measuring and reporting 'intangibles'.

Hosted by the Australian Government Consultative Committee on Knowledge Capital (AGCCKC) and Global Access Partners, the Congress focused on how Australian businesses can reinvigorate their knowledge management practices.

<< Download THE GAP CONGRESS report [PDF 1.96MB]

Congress delegates welcomed the formation of the Australian Society for Knowledge Economics, which, through the development and implementation of the 'Australian Guiding Principles on Extended Performance Management', will promote the strategic management of knowledge capital and be a forum for further discussion.

The principles summarised in the 'Melbourne Protocol', a petition of support for the activities of the Australian Society for Knowledge Economics, signed by Congress delegates, lay the foundations for identifying and describing intangible assets and their relevance to improving performance.

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The GAP Congress on Knowledge Capital was covered by various media channels. Below are the major press releases, articles and reports related to the initiative:
 
"Minister Signes Melbourne Protocol" - AGIMO Media release 04.11.05
"Special Minister of State, Senator Eric Abetz, today signed the 'Melbourne Protocol', a petition of support aimed at improving productivity and performance through better management of knowledge and innovation. The Minister was the first signatory to the Protocol... >>
 
"Minister Signes on to Melbourne Protocol for Best Practice in Knowledge and Innovation Management - SMOS News, December 2005, page 6
"Senator Abetz recently become the first signatory of the Melbourne Protocol, a petition of support aimed at improving productivity and performance through better management of knowledge and innovation... >>
 
"Improving the Efficiency and Effectiveness of Government" -
Department of Finance and Administration, 2004-05 Annual Report
"Measuring Value Produced by use of Government ICT: During 2004-05, Finance continued to encourage the effective management and valuation of intangible capital, such as knowledge capital, by supporting the Australian Government Consultative Committee on Knowledge Capital (AGCCKC). The AGCCKC comprises senior representation from public and private sector organisations, including the accounting and actuarial professions. On 8 February 2005, the department commenced organising the International Congress on Knowledge Capital, which will be held on 3-4 November 2005 in Melbourne and is sponsored by the AGCCKC... >>
 
Microsoft Australia Managing Director calls for better management and measurement of the contribution of knowledge and innovation to productivity growth - Microsoft Press Release 04.11.05
"Australia risks stalling productivity growth over the next decade unless a new approach is taken to management and measurement of knowledge based resources according to Mr Steve Vamos, Managing Director of Microsoft Australia and President of the Australian Society for Knowledge Economics... >>
 
"Untangling intangibles" - By Tamara Plakalo, MIS Magazine, January 2006
'Soft' assets such as employee skills are the key creators of company value but they still haven't found their way into international accounting standards... >>
 
"Accounting for the uncountable" By Tamara Plakalo, MIS Magazine, 11.02.05
"Reporting intangible assets is an issue the accounting profession has walked away from." Thus spoke Peter Fritz, referring to one of the biggest conundrums of the impending rollout of the International Financial Reporting Standards (IFRS) in Australia - the reporting of internally generated assets such as brands, mastheads, knowledge and relationship assets, and internationally generated goodwill. Add software and information assets to the mix, and the "minor" issue of interpreting the new standards throws valuation and reporting of up to 70 per cent of organisational investment up in the air... >>
 
"Knowledge Capital: Bringing Intangibles to Light" - GAP Press Release 12.10.05
"A new series of guidelines for Australian Industry, to be officially launched at Melbourne's Parliament House in November, aims to transform the face of Australian corporate accounting... >>

 

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Partners and sponsors of the GAP Congress on Knowledge Capital were:

 

 
 
AGIMO logo
 
 
Vic DIIRD logo    
 
Westpac logo
 
Microsoft logo  
 
Qantas logo    

 


Australian Government Consultative
Committee on Knowledge Capital

Australian Government Information
Management Office (AGIMO),
Department of Finance &
Administration

Department of Innovation,
Industry & Regional Development,
Victorian Government

 
Westpac Banking
Corporation


Microsoft Australia

 
Qantas Airways
Limited

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The GAP Congress on Knowledge Capital was held on 3 and 4 November 2005
in Melbourne, Australia.

 
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Last Updated 8 May 2008