ABSTRACT
This chapter summarises the views on solving the intangibles reporting problem. It presents an original user-friendly "triage-style" Essential, Desirable & Optional Patent Information and Strategy disclosure model, the foundation for a coherent shape for innovating firms to voluntarily report how corporate patent assets create value for the firm in narrative form using key qualitative patent information indicators. The chapter considers potential criticism of enhanced voluntary patent information disclosures by innovating firms. It identifies the relevant stakeholders that need to be involved in assisting and advising innovating Small and Medium Sized Enterprises (SME) to prepare their corporate narrative disclosures. The success of the Intellectual Property (IP) disclosure "materiality evaluation" model needs government endorsement and support to encourage and promote its use by providing resources to educate innovating SMEs and commercial lenders. The "true and fair" view concept remains pivotal in the corporate reporting of accounting information and central to accounting practice.
