This page outlines general accounting and financial reporting considerations relating to the AI Knowledge Base Platform (AIKB), provided by Interversial System of Systems Pty Ltd.
The information provided is for general informational purposes only and does not constitute accounting, tax, or financial advice.
AIKB is licensed as a subscription-based Software-as-a-Service platform on a per-employee basis. Subscription fees are generally recognised as operating expenditure over the service period, in accordance with applicable accounting standards.
Through the use of AIKB, organisations may create structured digital knowledge assets, including customer profiles, operational datasets, asset records, and process documentation.
Where such assets meet the recognition criteria set out in IAS 38 – Intangible Assets, including identifiability, control, and probable future economic benefits, organisations may assess whether capitalisation is appropriate under their own accounting policies.
Interversial System of Systems Pty Ltd does not determine or guarantee any capitalisation outcome. All accounting judgments remain the responsibility of the client organisation, in consultation with qualified professional advisors.
All data, content, profiles, and structured knowledge created within AIKB remain the exclusive property of the client organisation. The platform does not claim ownership over client data.
AIKB enables organisations to develop information-backed products and services. Revenue recognition for such offerings is determined by the client organisation in accordance with applicable revenue recognition standards.
The platform supports traceability, structured documentation, and access controls that assist organisations with governance, audit readiness, and internal control requirements.
Interversial System of Systems Pty Ltd does not provide accounting, audit, or tax advice. Clients should consult their professional advisors when determining the appropriate financial treatment of software subscriptions and digital knowledge assets.