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Probe Into Improving Intangibles Accounting At Knowledge-based Economy Times

Posted on:2005-09-13Degree:MasterType:Thesis
Country:ChinaCandidate:X L LengFull Text:PDF
GTID:2156360122499112Subject:Accounting
Abstract/Summary:PDF Full Text Request
Although there has been hundred of year's research abroad, the intangible assets were more and more important because it promotes quickly to the importance of economic development in the last 20 years. Under the traditional economic model after Industrial Revolution, although in some industries, patent, secret technique etc., are important to improve production efficiency, reduce cost and improve profits. But as a whole, the growth of economy and the development of corporate mainly depend on the investment of the traditional factor such as capitak, land etc.. The intangible assets' function in the corporate was a seldom phenomenon in a few industries. The intangibles weren't the important resource in all industries, people also have no the formation about the intangibles. In the knowledge-based economy times, quickly improvement on technique in information, communication, transportation, management, etc. which made the intangibles be the motivation of all countries economic growth and the corporate development, so that the intangibles' important function in all industries is a widespread phenomenon. But which developed in the tradition economy, the system of accounting can't measure the intangibles into balance sheet because of the "conservation" principle. The accounting standard of every country only recognize the intangible assets bought from outside, then amortization them in its economic life or in a certain term. But the intangibles which developed by the corporate itself, its R&D cost is treated as "expense" in each period, even that the intangible assets are the main source of the corporate profit. The result is that a lot of intangible assets can't be reflected in the balance sheet, then the corporate financial reporting can't fairly reflect the whole assets of the corporate, the relativity and the truth of the accounting information was suspected. In order to improve the intangible assets accounting system, the textual structure arrangement is as follows:The introduction mainly introduce the economical environment of the accounting for intangibles, the history of research on the accounting for intangibles and the research logic,> creativity about accounting for intangibles in the paper.Chapter 1 mainly introduces the basic theories of knowledge-based economy. The article commences the concept of the knowledge-based economy first, derivates to the knowledge-based economy character. Then explains that in the knowledge-based economy ages, the position of the knowledge, technique, intangible assets reversed. Finally introduces the knowledge-based economy level in the world and in our country.3Chapter 2 introduces the changes of the intangible assets in knowledge-based economy times. At first, paper redefine the intangible assets combined the characteristics of the ages and the discussion of the intangible assets in the history, Then comment on the general character of the intangible assets .Finally the article reclassified the intangible assets according to the characteristics of the knowledge-based economy.Chapter 3 first explains the necessity to improve the intangible assets accounting in the knowledge-based economy times. Then introduce the problems existing in the current intangible assets accounting information in the knowledge-based economy times, such as the problem of recognize, measurement amortization. Then the writer analyzes the course of these problems.Chapter 4 makes some suggestion on the intangibles accounting according to the knowledge-based economy times. This chapter has four parts: The first part makes some suggestion on the recognizing and the measurement of intangibles. The second part makes some suggestion on accounting for R&D. At this part, paper introduces the different treatments and opinions about R&D. then makes some suggestion on the accounting design and accounting systems. The third part mainly discusses the accounting of the internally generated goodwill. After reviewing the character of the goodwill, this text reviews the necessity of recognizing the internally g...
Keywords/Search Tags:Knowledge-based Economy, Intangible Assets, Research & Development, the Internally Generated Goodwill
PDF Full Text Request
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