Measurement, Management and Reporting of Intangible Assets: A Review

Changing business environment demands an urgent shift of focus from the tangible assets to the intangible assets. The present paper attempts to explore and analyze the major issues related to the importance of intangibles, approaches to measure intangible assets, relationship between intangibles and...

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Bibliographic Details
Published in:Journal of commerce and accounting research 2016-10, Vol.5 (4)
Main Authors: Sharma, Sarishma, Khushdeep Dharni
Format: Article
Language:English
Subjects:
Accounting
Analysis
Business education
Financial reporting
Human capital
Intangible assets
Intellectual capital
Intellectual property
Knowledge
Knowledge economy
Measurement
Performance management
R&D
Research & development
Social capital
Studies
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Summary:Changing business environment demands an urgent shift of focus from the tangible assets to the intangible assets. The present paper attempts to explore and analyze the major issues related to the importance of intangibles, approaches to measure intangible assets, relationship between intangibles and firm performance, and trend of disclosures related to intangibles. Intangible assets have created a new research domain. Intangibles continue to be a complex research domain. Problems associated with the domain start right from identification and definition of intangibles. Difficulties in the identification stage are passed on to measurement and reporting. The organizations are spending a huge amount of money on acquiring and creating Intangible Assets. For sustained investments, the impact of intangible assets on firm performance needs to be ascertained. With increased awareness and recognitions of these assets the future challenge will move from merely identifying and reporting to nurturing and exploiting these assets. There is a dire need for research insights on organizational level management of intangibles.
ISSN:2277-2146
2320-4990