Intangible Assets Disclosure Practices? A Literature Review

Intangible assets are the key driver to achieve the sustainable competitive advantage in the twenty-first century. Now-a-days, Most of the businesses have much dependence on the Intangible assets rather than tangible assets in order to create wealth for the long period. The purpose of the paper is to review the literature relating to Intangible assets in relation to identify the gaps and to determine the extent of Intangible assets disclosure. Researcher observed that the overall disclosure level is of low level and unsystematic. Researcher suggested that there is need to establish a general accounting framework for managing, measuring and reporting the Intangible assets.