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Nowadays, companies deal with a dynamic process of adapting economic sectors to the EU requirements and conditions as well as to internal domestic regulations in terms of corporate sustainable activities, including identifying, measuring, estimating and disclosing various information. Ongoing economic changes determine conditions under which today’s business is conducted also in the area of municipal management, and impose the necessity to implement innovative organizational, financial and accounting solutions. Th...

The increasing role of intellectual capital in producing goods and services, as the main source of corporate competitive advantages, makes organizations reconsider their financial reports with the aim of proper intellectual capital accounting. Currently, only intangible assets and intellectual property are recorded in financial accounts. Intellectual assets themselves, by means of which goods are produced, are not presented in modern accounting systems. The absence of information about intellectual assets in accou...