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Is The Future Of Accounting Compatible With The Accounting Of The Future?

Author

Listed:
  • Cristina-Ionela Fadur

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Daniela Ciotina

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

Purpose – There is currently a tendency to reverse the relation between physical and intangible assets, in favor of the latter, which triggers the need to pay an ever higher attention to intangible assets. This article aims at presenting the relativity and inconsistence of the current accounting systems and does not claim to suggest an alternative. Conclusions – Intangible assets are the most important resource that companies have in the process of value creation, but accounting balance in what concerns acknowledging, evaluating, and presenting intangible assets is only in an initial stage, in spite of the efforts made by national and international accounting bodies.

Suggested Citation

  • Cristina-Ionela Fadur & Daniela Ciotina, 2011. "Is The Future Of Accounting Compatible With The Accounting Of The Future?," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3(1), pages 55-63, March.
  • Handle: RePEc:jes:wpaper:y:2011:v:3:i:1:p:55-63
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    References listed on IDEAS

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    1. Castilla Polo, Francisca & Gallardo Vázquez, Dolores, 2008. "Social information within the intellectual capital report," Journal of International Management, Elsevier, vol. 14(4), pages 353-363, December.
    2. Suntharee Lhaopadchan, 2010. "Fair value accounting and intangible assets," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 18(2), pages 120-130, May.
    3. Dina Gray & Goran Roos & Taru Rastas, 2004. "What intangible resources do companies value, measure, and report? A synthesis of UK and Finnish research," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 1(3), pages 242-261.
    4. Niamh Brennan, 2001. "Reporting intellectual capital in annual reports : evidence from Ireland," Open Access publications 10197/2918, Research Repository, University College Dublin.
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