Valuation of Internally Generated Intangible Assets in Accounting

Abstract

Valuation and management of intangible assets in modern business is becoming more significant. Measurement of the value of intangible assets in this paper refers to the intangible resources for which the company did not have any procurement costs and, therefore, are not standardized in traditional accounting, and their use has the potential to create value on the market. Knowledge, as the basis of intellectual capital, becomes a basic strategic resource and a generator for improving the organization’s success. Therefore, determining the way of identifying and evaluating intellectual capital becomes the common practice of the most successful companies through indicators that have their quantitative or qualitative weight.

Keywords

• intellectual capital
• human capital
• intangible assets
• standard methods of valuation of intangible assets
• valuation of intellectual capital