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The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda

Recent global economic changes have ushered in a new economic era and had a significant impact on how businesses are managed, and competitive strategies are implemented. The business management changed their basic principles of strategy by emphasising the value of knowledge assets, also known as int...

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Main Authors: Musman, Musliha, Muda, Salwa
Format: Article
Language:English
Published: Universiti Teknologi MARA, Negeri Sembilan 2023
Subjects:
Collections of general literature
Online Access:https://ir.uitm.edu.my/id/eprint/83808/1/83808.pdf
https://ir.uitm.edu.my/id/eprint/83808/
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spelling my.uitm.ir.838082023-09-14T02:09:03Z https://ir.uitm.edu.my/id/eprint/83808/ The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda Musman, Musliha Muda, Salwa Collections of general literature Recent global economic changes have ushered in a new economic era and had a significant impact on how businesses are managed, and competitive strategies are implemented. The business management changed their basic principles of strategy by emphasising the value of knowledge assets, also known as intellectual capital, which are a type of intangible asset (Konno & Schillaci, 2021). Knowledge assets refer to intellectual resources such as human resources, competence, research and development, customer-based creation, organizational development, and relationships which are more significant in creating a corporate value (Garcia-Perez et al.,2020). Traditional reporting systems have become obsolete because of the knowledge-based economy's revolution. Traditional accounting systems typically produce reports based on financial or quantitative accounting that are focused on material resources, which can be expressed in monetary or quantitative terms. Hence, it measures only the value of the financial and physical assets and offers little information on intangible resources (Dana et al., 2021) such as knowledge or employees’ competence which cannot be expressed in monetary or any volume, length, weight measures. Consequently, it lacks an adequate accounting mechanism for measuring and reporting intellectual capital assets to external stakeholders and this results in an information gap between the managers and stakeholders (Garcia-Perez et al.,2020; Mouritsen et al., 2004) and it does not provide the relevant information for the managers or investors to understand how their resources which are in the form of intangibles can create values in the future. Universiti Teknologi MARA, Negeri Sembilan 2023 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/83808/1/83808.pdf The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda. (2023) Buletin FPN <https://ir.uitm.edu.my/view/publication/Buletin_FPN/>. ISSN 2805-4539
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Collections of general literature
spellingShingle Collections of general literature
Musman, Musliha
Muda, Salwa
The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda
description Recent global economic changes have ushered in a new economic era and had a significant impact on how businesses are managed, and competitive strategies are implemented. The business management changed their basic principles of strategy by emphasising the value of knowledge assets, also known as intellectual capital, which are a type of intangible asset (Konno & Schillaci, 2021). Knowledge assets refer to intellectual resources such as human resources, competence, research and development, customer-based creation, organizational development, and relationships which are more significant in creating a corporate value (Garcia-Perez et al.,2020). Traditional reporting systems have become obsolete because of the knowledge-based economy's revolution. Traditional accounting systems typically produce reports based on financial or quantitative accounting that are focused on material resources, which can be expressed in monetary or quantitative terms. Hence, it measures only the value of the financial and physical assets and offers little information on intangible resources (Dana et al., 2021) such as knowledge or employees’ competence which cannot be expressed in monetary or any volume, length, weight measures. Consequently, it lacks an adequate accounting mechanism for measuring and reporting intellectual capital assets to external stakeholders and this results in an information gap between the managers and stakeholders (Garcia-Perez et al.,2020; Mouritsen et al., 2004) and it does not provide the relevant information for the managers or investors to understand how their resources which are in the form of intangibles can create values in the future.
format Article
author Musman, Musliha
Muda, Salwa
author_facet Musman, Musliha
Muda, Salwa
author_sort Musman, Musliha
title The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda
title_short The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda
title_full The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda
title_fullStr The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda
title_full_unstemmed The need for intellectual capital disclosure / Musliha Musman and Dr Salwa Muda
title_sort need for intellectual capital disclosure / musliha musman and dr salwa muda
publisher Universiti Teknologi MARA, Negeri Sembilan
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/83808/1/83808.pdf
https://ir.uitm.edu.my/id/eprint/83808/
_version_ 1778165970959859712
score 13.211869

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