THE ACCOUNTING OF INTANGIBLE CAPITAL
THE ACCOUNTING OF INTANGIBLE CAPITAL

Summary/Abstract: In the new economy – the knowledge economy – the traditional role of financial statements to reflect a faithful image of the company is questioned. Since the evaluation of intangible assets is subjective, annual financial reports do not include information concerning the intangible part of the business. More than ever, information and communication contribute to the image of the company as an essential element in evaluating its situation in the market competition. In the context of the current economic crisis, transplanted on a knowledge economy, managers must focus on the efficient usage of intellectual capital, classified into human capital, structural capital, and relational capital.

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