Higher Education Institutions (HEIs) are becoming more aware of the role they might play for the sustainable development and social value creation of societies and countries. The so-called third mission translates in actions the dialogue between universities and societies, and universities and stakeholders. In Italy, recent normative changes towards accrual accounting have asked universities to measure and disclose their cultural heritage assets. The switch from “pure” financial accounting requirements cash-based to a more mature accrual accounting system posed the challenge of the intellectual capital valorization. The cultural heritage comprises “university collections, museums, archives, libraries, botanical gardens, astronomical observatories, monuments of significance”. The current lack of accounting principles to be used in preparing such disclosures have required universities to value or impair their heritage book values. The study comments the role of accounting in shaping the reality within the context of Italian Public Universities.

The accounting of cultural heritage assets of Italian Universities’ Museums: groking the third mission

Corazza, Laura;Cisi, Maurizio;Scagnelli, Simone Domenico;CRAVERO, IRENE
2018

Abstract

Higher Education Institutions (HEIs) are becoming more aware of the role they might play for the sustainable development and social value creation of societies and countries. The so-called third mission translates in actions the dialogue between universities and societies, and universities and stakeholders. In Italy, recent normative changes towards accrual accounting have asked universities to measure and disclose their cultural heritage assets. The switch from “pure” financial accounting requirements cash-based to a more mature accrual accounting system posed the challenge of the intellectual capital valorization. The cultural heritage comprises “university collections, museums, archives, libraries, botanical gardens, astronomical observatories, monuments of significance”. The current lack of accounting principles to be used in preparing such disclosures have required universities to value or impair their heritage book values. The study comments the role of accounting in shaping the reality within the context of Italian Public Universities.
Smart Tourism
McGraw-Hill Education
223
236
9788838695025
Cultural heritage assets, measurement, Universities Museums, Third mission
Corazza, Laura; Cisi, Maurizio; Scagnelli, Simone Domenico; Cravero, Irene
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2318/1665800
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