The Intellectual Capital - a Significant, but Insufficiently Highlighted Source in the Financial Situations

AbstractOur objective is to analyse on the chosen theme the aspects concerning the way the intellectual capital is presented in the financial situations of an organization. We observe that although the intellectual material, formed of knowledge, information, intellectual property and experience, have become the main source of revenues and expenses, it is not sufficiently presented in the financial situations. Furthermore, the accounting information regarding these intangible resources are poor represented or even non-existing in these statements. This intellectual capital must be evaluated and represented as complex as possible, so that the compliance with the true and fair view is fulfilled. The new concept of knowledge society, where the human resource with an intellectual character has a special importance and can influence the growth of value creation in report with other resources, does not sufficiently takes into account this human resource used for the construction of the accounting information necessary to the financial situations. The study tries to highlight the necessity of improvement of the existing reporting system, so that a true and fair representation of the organization's activity is accomplished, an objective which can be fulfilled through the presentat ion of financial situations, situations which constitute a complete and real base for taking decisions, in a so called society based on knowledge