Accounting for Intellectual Capital: On the Elusive Path from Theory to Practice

Knowledge and Process Management, Vol. 12, No. 3, pp. 217-224

25 Pages Posted: 8 May 2009 Last revised: 1 Mar 2012

See all articles by Andreas Andrikopoulos

Andreas Andrikopoulos

University of Piraeus - Department Maritime Studies

Date Written: May 5, 2009

Abstract

Intellectual capital emerged approximately twenty years ago as an alternative paradigm with the ambition to identify, measure, report and manage knowledge assets. While the need for regulatory frameworks to account for knowledge assets and intangible drivers of value was pressing in the setting of the "new economy", intellectual capital has yet to establish itself as a dominant solution for accounting theorists, corporate professionals and regulators. This paper analyzes intellectual capital as a tool to meet practical needs with respect to accounting for and managing knowledge-based, intangible wealth. Several explanations are provided on the extent of acceptance of intellectual capital as a management accounting alternative.

Keywords: Intellectual capital, intangible assets

Suggested Citation

Andrikopoulos, Andreas, Accounting for Intellectual Capital: On the Elusive Path from Theory to Practice (May 5, 2009). Knowledge and Process Management, Vol. 12, No. 3, pp. 217-224, Available at SSRN: https://ssrn.com/abstract=1399333 or http://dx.doi.org/10.2139/ssrn.1399333

Andreas Andrikopoulos (Contact Author)

University of Piraeus - Department Maritime Studies ( email )

Grigoriou Lampraki 21 & Distomou
Piraeus, GR 18533
Greece

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