On The Perfection Of Intangible Assets Accounting In Knowledge Economy And Innovation - Recognition And Measurement Of Computer Software, Domain Name

Knowledge economy is a new and animating economic formation comparing with agricultural economy and industrial economy. In new economic era, the value of many enterprises reflects on their intangible assets rather than their tangible assets. As a vital economic resource, intangible assets will replace the tangible assets and occupy an important position in enterprise assets makeup. Under this circumstance, the real value of the intangible assets can hardly be correctly reflected if it is identified and measured by the formulation used for tangible assets, which will lead to the wrong decision-making and the confusion of entrusted responsibility checks. To meet the transformation of the accounting circumstance, it is the concept of intangible assets, its extension, identification and calculation of the intangible assets that need to be further improved in the knowledge economy.Starting with the analysis of the characteristics of knowledge economy and its influence on intangible assets, this paper proposed a new measure to meet the requirement of the new economic trend based on the elaboration of the concept of intangible assets as well as its extension, identification and calculation.This paper is divided into five chapters:Chapter one: knowledge economy and intangible assets. This chapter analyzed the characteristics of the knowledge economy and its influence on intangible assets.Chapter two: The concept of intangible assets and its extension. Based on the analysis of the intrinsic characteristics and particularity of the intangible assets, this part introduced current discussion on intangible assets and proposed the concept of intangible assets and its extension in new economic situation.Chapter three: The identification of intangible assets. This chapter analyzed the four criteria of identifying the traditional accountant assets, and then summarized that the focus of the traditional accountant assets identification is that cost is reliably measured. But these criteria are not suitable for the intangible assets in the new economy, accordingly the focus of assets identification should be shifted to reliably measured value and the three principles of intangible assets identification are introduced. Then the identification of internally generated intangible assets isanalyzed, which is the difficult point of intangible assets identification. After the discussion on the identification of internally generated intangible assets and the theoretical analysis, this chapter summarized that internally generated intangible assets should be identified in new economy. In the end, computer software and domain name are identified.Chapter four: Measure of the intangible assets. Firstly, this chapter compared the five accountant attributes and figured out that the measure of intangible assets should firstly base on history cost, and secondly fair value. Secondly it is discussed that computer soft and domain name are measured. It is proposed that subsequent measurement should become the focus of intangible assets measurement This chapter, then, dwelled on the identification of fair value and its different manifestation, introduced the way to measure current value, assess computer software and domain name.Conclusion.