ARMAzonan NOV/DEC 2016 - WINTER ISSUE - Page 5

IG CERTIFICATION Want to learn more about IG from leading experts? Register for our online courses; we have fulllength InfoGov Basic and Advanced classes, and short 3hour LIVE online courses, like 'IG for Executives.' We have also added a new "IGP Prep" Crash Course, which is 3 intensive 3hour sessions. We are holding our 3-day IG Basics & Advanced classroom course next April at the University of San Diego. Exploring Information Governance as a New Information Accounting Discipline Published on July 11, 2016 INFORMATION GOVERNANCE TRAINING COURSES LIVE Instructor - Online in HD Video Nov. 15, 17 IG Basics December 7—IG for Executives* O Robert F. Smallwood rganizations account for their assets on the balance sheet. They track the value of * includes free book of the same title their financial holdings, buildings, plants, land, equipment, inventory, furniture and fixtures, and other assets. Down to the dollar. They even account for "Goodwill" which is a supplemental asset that reflects the trust and reputation a firm has established in their markets. CLASSROOM COURSES April 4-6, 2017 Basic & Advanced InfoGov University of San Diego But they do not account for the value of the information they hold. Some argue that the value of that information is only real when it becomes monetized and then it will be accounted for. Others argue that companies---especially those in the data and information collection business--should have some way to account for the underlying value of their information holdings. The problem is, there is no established standard way of making these calculations. Accounting for the value of information has not been taken up and added into the Generally Accepted Accounting Principles (GAAP). GAAP is the "standard framework of guidelines for financial accounting" which includes accounting standards and practices. But Information Accounting needs to be studied and developed by accounting and information 55