Abstract
The paper discusses the concepts of “intellectual capital” and “intangible assets”, substantiates the need to disclose information on the intellectual capital of the company in addition to traditional financial statements. Specific features of the elements of intellectual capital as objects of accounting and the associated difficulties in their accounting are investigated. The limitations of the current concept of accounting for intangible assets, the factors that determined them, the methods used to overcome them, and the reasons for their insufficient effectiveness are analyzed. It contains an analysis of the work of scientists studying the problems to be solved in the report on intellectual capital, its composition and structure, as well as the impact of the report on statement users’ perceptions of the company. The content and structure of information on intellectual capital presented in the public financial statements of the largest Russian companies, as well as the information needs of statement users, are examined. The study shows the need to develop the theory and methodology of accounting in order to expand the informational restrictions on the reflection of intellectual capital in financial statements (including through the management report recommended by the IASB). Recommendations on overcoming the identified information deficit are formulated.
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Ustinova, Y. (2021). Intellectual Capital of a Company in the Financial Statements: The Reasons of Information Deficit and the Ways of it Overcoming. In: Antipova, T. (eds) Comprehensible Science. ICCS 2020. Lecture Notes in Networks and Systems, vol 186. Springer, Cham. https://doi.org/10.1007/978-3-030-66093-2_8
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