摘要：The importance of intangible assets or intellectual capital (IC) has greatly increased in the last two decades. Unfortunately, financial accounting and traditional accounting instruments fail to capture these values and report them. As a result, there is a growing interest and study on knowledge assets or IC in this digital era or knowledge-based economy. Thus, there is a need to focus on the definition of intangible assets, the limitations of existing financial accounting framework in reporting these assets, the importance to measure and report intangibles, the problems encountered, the various methods used to measure intangibles and the role of accounting in the knowledge economy.
