The Accounting World, Vol. 7, No. 10, pp. 21-28, 2007
8 Pages Posted: 18 Nov 2009 Last revised: 11 Nov 2011
The value attached to intangible assets has increased manifold in the current era of knowledge economy. Intangible assets are a major tool for firms to build competitive advantages. As firms now become more knowledge and information-based, intangible assets will comprise a significant percentage of the overall value of businesses. It’s the intangible assets that create value and decide a firm’s future growth potential. Although all intangible assets are very valuable and critical to a firm, according to current accounting practices all of them can’t be recognized as assets in the balance sheet of a firm. This article discusses many issues of IAS 38 for intangible assets.
Keywords: Intangible Assets, Accounting Standard
Suggested Citation: Suggested Citation
Madhani, Pankaj M., Accounting Standards for Intangibles Reporting. The Accounting World, Vol. 7, No. 10, pp. 21-28, 2007. Available at SSRN: https://ssrn.com/abstract=1507650