Innovation Accounting is a complex concept that requires elaboration to understand. At GroundControl we define Innovation Accounting as:
An organized system of principles, tools and KPIs established to gather, record, classify, analyze and present accurate and timely data about a company’s breakthrough and disruptive innovation efforts – working to complement the existing financial accounting system.
– Esther Gons and Dan Toma
In the Innovation Accounting category, you’ll find articles that dive deeper into what Innovation Accounting is and how to implement it. The articles are separated into measuring your innovation portfolio and measuring your innovation teams.
You can also start to read everything there is to know about innovation accounting.