Intellectual Capital Disclosure: Concept and Practices

In a rapidly changing world evidenced by a transition from industrial to knowledge economy, knowledge sector has attracted the attention of the entire globe. The future drivers of any economy will no longer be capital, land or equipment; but the people and their knowledge. Corporate sector, now, is in search of a new paradigm in accounting, which would enable it to record its new journey from financial capital to intellectual capital. In this study we have decided to investigate the concept and the intellectual capital disclosure practices using as the source of our documentation books, articles, working papers and online publications. So, in the first part of our research we have presented several points of view in respect to the concept of knowledge assets or intellectual capital and in the second part we have reviewed the literature on the topic highlighting several scholars opinion on reporting and disclosure issues.