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Intellectual capital reporting in accordance with IFRS
[Vykazování intelektuálního kapitálu v návaznosti na standardy IFRS]

Author

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  • Martin Kučera

Abstract

The article focuses on disclosure of information regarding the intellectual capital in annual reports of companies carrying out their reports based on IFRS standards. Intellectual capital can be defined as a combination of human, structural and relation capital of an organisation and is very closely connected to the issue of intangible assets in accounting. For the purpose of determination of the current state of reporting, the annual reports of companies included in the stock index TexDAX (30 biggest tech-companies on the german stock market) for the year 2017 were analysed. The analysis of the financial statements, including notes, showed that entities adhere to the details outlined in IAS 38 and do not tend to disclose information on a more detailed group or asset level basis. Furthermore, based on the results of the analysis it can be concluded that companies generally do not overly focus on the complex reporting of information regarding intellectual capital in other parts of annual reports.

Suggested Citation

  • Martin Kučera, 2019. "Intellectual capital reporting in accordance with IFRS [Vykazování intelektuálního kapitálu v návaznosti na standardy IFRS]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2019(3), pages 53-70.
    • Handle: RePEc:prg:jnlcfu:v:2019:y:2019:i:3:id:535:p:53-70
    DOI: 10.18267/j.cfuc.535
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    References listed on IDEAS

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    1. Core, John E., 2001. "A review of the empirical disclosure literature: discussion," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 441-456, September.
    2. Niamh Brennan, 2001. "Reporting intellectual capital in annual reports: evidence from Ireland," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 14(4), pages 423-436, October.
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    Keywords

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    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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