Accounting for Intangible Assets, a Study

Intangible investments have happened now seminal supply chain for multifold fraternities and economic locales. However, these investments are rarely recognized as assets by accounting standards. In such scenario, pragmatic goodness of an enterprise cannot be reflected in reported financials despite accounting is to equip effective details for its users. In cutting-edge economy, substantiveness of intangible assets initiates considerations towards its reception in accounts. Intangible assets are perceptible non-monetary non-physical potentiality of value bred by novelty, unparalleled organizational setup or experience capital review. In the era of knowledge economy, intangible assets like tangible assets are worthwhile as collateral for loans also. This paper bottomed on secondary data contemplates several perspectives of intangible assets like importance, accounting treatment beside dimensions concerning measurement, problems and suggestions inherent in its accounting, etc. Accounting relevance of intangible assets and its’ management are identified as major issues. The study extrapolates that disclosure can be reckoned as unfolding to the blowbacks of nowheresville of intangibles in financial statements.