Intellectual Capital: The Missing Asset

Robert Kirk, Anthony Wall

Research output: Contribution to journalArticle

Abstract

In the ‘Information Age’ merely accounting for ‘hard’ assets such as machinery no longer seems appropriate. Intellectual capital or ‘soft’ assets such as knowledge and skills are playing an increasingly important role in the current global economy. However, this paper argues that the recording of these ‘soft’ assets on balance sheets will only be possible if a universally accepted method of measuring them can be created. Some suggestions for such measurement are explored and arguments both in favour and against accounting for intellectual capital are investigated. The paper concludes by arguing in favour of more research to be undertaken.
LanguageEnglish
Pages49-72
JournalThe Irish Accounting Review
Volume9
Issue number2
Publication statusPublished - 2002

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Assets
Intellectual capital
Balance sheet
Information age
Global economy
Machinery

Cite this

Kirk, Robert ; Wall, Anthony. / Intellectual Capital: The Missing Asset. In: The Irish Accounting Review. 2002 ; Vol. 9, No. 2. pp. 49-72.
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Intellectual Capital: The Missing Asset. / Kirk, Robert; Wall, Anthony.

In: The Irish Accounting Review, Vol. 9, No. 2, 2002, p. 49-72.

Research output: Contribution to journalArticle

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