INTELLIGENT ECONOMY: PROBLEMS AND TRANSFORMATIONS IN ACCOUNTING

Abstract

The importance of accounting for intangible assets or intellectual capital has increased significantly due to the development of the knowledge economy. Financial accounting and traditional accounting tools do not fully provide for the disclosure of information on intellectual capital. As a result, the study of valuation methods and reporting models for intellectual capital is relevant. It is important to study such issues as the definition of intangible assets, the limitations of the current financial accounting system in reporting these assets, valuation and reporting of intangible assets and intellectual capital, emerging issues, different methods used to measure intangible assets and the role of accounting in the knowledge economy.