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a Dr. Agne Ramanauskaite
NEW MODELS FOR REPORTING INTELLECTUAL CAPITAL OF A COMPANY
initiatives and perspectives
ABSTRACT
The purpose of this paper is to explore worldwide initiatives of the standardization and regulation of the accounting and reporting of the intellectual capital of a company. The paper explores various current intellectual capital reporting guidelines and frameworks, outlines their advantages and drawbacks and provides generalizations. Next, the paper foregrounds the need for reforms in the current reporting system and presents requirements imposed on this type of data disclosure. Finally, the paper gives a discussion of the direction of the potential reporting system reform so that the newly included IC-related information should be beneficial to various external stakeholders.
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