Part Of Intangible Assets Research Articles

PROBLEMS ARISING IN THE ACCOUNTING OF CRYPTOCURRENCIES

The study provides detailed information about the cryptocurrency market as an IFRS object and indicates the methods of their accounting and their features. Data on the change in the total market capitalization of cryptocurrencies are shown, and the reasons for which they went into decline are revealed. Companies that may be interested in accounting for cryptocurrencies under IFRS are considered, as well as the official guidance of the IASB on the issue of accounting and reporting of cryptocurrencies, issued several years ago, is analyzed. Two standards IAS 38 "Intangible Assets" and IAS 2 "Inventories" are analyzed and the reasons why for which the company's cryptocurrency is mainly accounted for either as part of intangible assets or as part of inventories. The foreign experience of some companies that reflect the cryptocurrency according to IFRS is studied, as well as Azerbaijan's practice in this area is considered. Accounting standards have not yet been fully developed, as cryptocurrency has different characteristics from traditional financial assets. Therefore, businesses may experience uncertainty regarding the accounting of cryptocurrency. It is important for businesses to maintain proper accounting records regarding cryptocurrency. These records help businesses meet their tax obligations related to the purchase, sale and exchange of cryptocurrency. However, it can be difficult to find staff with adequate knowledge of accounting and recording cryptocurrency.

How should intellectual capital development? An islamic religious perspective

Purpose: The objective of this study was to reconstruct Intellectual Capital to fill gap between Humans, Corporations and God. Theoretical framework: Intellectual Capital in its form and development as part of intangible assets in the business world, both from commercial and non-commercial measurements, is part of accounting, considered a modern business perspective and a product of entity theory. This definition of Intellectual Capital shows the masculine side, the Value of Entity theory. The antithesis of this is Sharia Entity Theory which emphasizes responsibility toward the sole creator of the company's nature, specifically God. Spirituality or religion fills the gap behind critical accounting studies based on secular thinking. Design/methodology/approach: This research uses the Islamic spirituality perspective paradigm, which is at heart and related to the organizational, social, and human environment in reconstructing Intellectual Capital. Findings: The results of this study obtained that the construction of human Capital is positioning employees to have honesty, trustworthiness, ridho, demanding knowledge, shodaqoh, zakat, and ukhuwah Islamiyah. Second, structural Capital is a blessed business, not arbitrary to employees, welfare, business commitment to trustworthiness, sadaqah for business, the principle of ridho in the organization, and giving employee rights. Third, customer capital is a promise, doing good/service, honesty to customers, responsibility, ukhuwah Islamiyah, sadaqah for CSR, trustworthiness, and setting prices like for like. Research, Practical & Social implications: First, management in developing the company can change the company's philosophy through intellectual capital which is based on God's will. Second, it is important to treat human resources, organizational structure and relational capital by aligning the soul, nature and God as a manifestation of added value. Originality/value: An important finding in this research is that spirituality is the most important thing in positive change for the world in which we live. Intellectual Capital in creating value should be the result of human work that is blessed by God.

ORGANIZATION OF MANAGEMENT ACCOUNTING OF INTANGIBLE ASSETS OF THE ENTERPRISE IN THE INFORMATION SOCIETY

The theoretical features of rational organization of management accounting of intangible assets at the enterprise are considered. It is proved that the effective organization of management accounting of intangible assets is realized based on the optimization of the flow of accounting documents. This requires a change in the element of accounting methods. Thus, the study suggests ways to improve the accounting of intangible assets in the enterprise. The ways to optimize the movement of accounting documents for intangible assets are identified. The flow diagram of primary accounting documents between divisions of the enterprise on operations of intangible assets on the basis of the concept of "responsibility centers" and cost pool system is constructed. The movement flow chart of the certificate of the introduction of the intellectual property into economic turnover as a part of intangible assets is presented. It is the rational orderly movement of accounting documents and the implementation of various procedures that affects the effective management system of all resources of the economic entity. Thus, all the developed documents, namely: movement flow charts and accounting records flow diagrams, allow optimizing the accounting process for intangible assets. Their use in the enterprise allows clearly tracing the stages of the document and tracking possible deviations, for the further analysis and elimination of them. To assess the entity’s fair value of intangible assets for management accounting purposes, it has been proposed to establish the fair value intangible asset assessment certificate. To increase the relevance and eliminate the asymmetry of accounting information, managers monitor the use of fixed capital in order to make effective decisions about the development of the company.

MODEL FOR IMPROVING THE METHODOLOGY AND ORGANIZATION OF THE ACCOUNTING OF INTANGIBLE ASSETS AND GOODWILL

Purpose. The aim of the article is the development of a model for improving the methodology and organization of accounting for intangible assets and goodwill in the accounting (financial) accounting system. Methodology of research. The theoretical basis of the research is the scientific works of domestic and foreign scientists on the problems of research in the areas of improving accounting, the formation of reporting indicators and the management of intangible assets and goodwill. The methodological basis of the research is general scientific methods (synthesis, analysis, abstraction, comparison, generalization, grouping, systematization) – when forming proposals for improving the used elements of the accounting method, for the formation of new knowledge about the intangible resources of the enterprise, Illustrative method is used for a schematic representation of the model of improvement of the methodology and organization of accounting of intangible assets and goodwill, abstract and logical method – for formulating research conclusions. Findings. A model for improving the methodological and organizational foundations of the concept of accounting (financial) accounting for intangible assets and goodwill is presented, covering the following areas: expanding the principles of accounting (financial) accounting; clarification of the concept of "intangible assets"; highlighting the main aspects of recognition of intangible assets; expansion of the intangible assets classification; improvement of the organizational foundations of the accounting policy through the separation of its constituent and structural elements in terms of accounting (financial) accounting; development of Methodological recommendations for the application of typical forms of primary accounting of intangible assets and goodwill; improvement of the approaches to the inventory of NMAs by dividing them into those for which a documentary check is sufficient and those that additionally require a check on the quality of functioning; unification of intangible assets objects and systematization of approaches and methods of their assessment according to international and domestic standards of assessment and accounting; improvement of synthetic and analytical accounting of intangible assets and goodwill; improvement of form No. 1 "Balance (Financial Statement), Management Report, form No. 5 "Notes to the annual financial statements" in the part of disclosure of information about intangible assets and goodwill; improvement of the amortization policy in terms of taking into account the features of various types of intangible assets for choosing a method of amortization using slow-down methods and developing an algorithm for establishing the feasibility of its accrual to some types of intangible assets; improvement of the content of the regulatory and legal framework regarding accounting operations of intangible assets and goodwill. Ways to improve the methodology and organization of accounting and the formation of financial reporting indicators in the part of intangible assets and goodwill are substantiated and proposed. Originality. The conceptual foundations of the model for improving the methodology and organization of accounting for intangible assets and goodwill in the accounting (financial) accounting system have been established and substantiated. This, unlike the existing approach, will systematically cover all the main and problematic aspects, the consideration of which will affect the objective reflection of intangible assets and goodwill in the accounting and financial statements of the enterprise for their effective use. Practical value. Implementation of the recommendations proposed in the publication on improving the methodology and organization of accounting for intangible assets and goodwill in the accounting (financial) accounting system will contribute to increasing the efficiency of their use and management. The results of the research found practical application at enterprises of Ukraine. Key words: intangible assets, goodwill, accounting, accounting policy, classification, documentation, valuation, inventory, depreciation, financial reporting.

Assessment of Economic Efficiency of New Potato Varieties as Intellectual Property Objects

In the context of market relations development and rapid changes in technological support and technologies, it is necessary for enterprises to use not only publicly available material and financial resources, but also to operate with non-material resources, namely intellectual property objects, to ensure competitive advantages. This is an effective approach to increase the profitability and competitiveness of the enterprise. Improving the methodology and organisation of evaluation of potato varieties for various economic purposes as intellectual property as part of intangible assets is relevant and allows determining the market value of the variety, eliminates errors in calculating the price, and contributes to profit. The purpose of the study is to develop methodological recommendations for assessing the value of potato varieties as an object of intellectual property. The study was based on theoretical elaborations of Ukrainian and foreign scientists. The materials of statistical reporting of agricultural enterprises engaged in the production of seed potatoes, developments of research institutions, data of the Ministry of Agrarian Policy and Food of Ukraine, the State Statistics Service of Ukraine were used for the research. The economic evaluation of breeding stages of creation of potato varieties for different economic purposes was carried out. Methodological approaches to assessing the value of potatoes as an object of intellectual property, and economic mechanisms for ensuring the acquisition of intellectual property rights and use of newly created potato varieties, have been developed. The stages of the breeding process of creating a variety from an economic point of view are studied. The most expenditure stages of breeding are determined. The importance of the direction of use of the variety and the impact on the cost of its creation are analysed. Methodological recommendations for estimating the cost of potato seeds have been elaborated, allowing to establish the payback period of the variety.

ОБЛІК, АНАЛІЗ ТА КОНТРОЛЬ НЕМАТЕРІАЛЬНИХ АКТИВІВ У СИСТЕМІ ФІНАНСОВОЇ ІННОВАЦІЙНОЇ ПОЛІТИКИ ПІДПРИЄМСТВА

The article shows that accounting, analysis and control of intangible assets in the system of financial innovation policy of the enterprise is based on international and national standards. Their comparative assessment made it possible to identify similar and distinctive features, as well as directions for improvement of the domestic accounting and control system in relation to intangible assets. The common features of IAS 38 and NP(S)A 8 are determined by the following provisions: a similar definition of intangible assets and the construction of an accounting standard as a document in terms of the composition of intangible assets, their characteristics, identification and recognition tools, methods of calculating depreciation; inclusion of intangible assets on the balance sheet of the enterprise at original cost. The differences between IAS 38 and NP(S)A 8 boil down to the following: different composition of intangible assets, including in the part of goodwill, which in Ukrainian conditions is not included in their composition; stricter conditions for calculating depreciation according to international standards based on the linear method and their annual check for impairment; the liberality of national standards, which consists in the application of five methods of amortization of intangible assets; availability of the tax method for calculating the amortization of intangible assets provided for by the Tax Code of Ukraine. The recommendations for improving the national provisions (standards) of accounting in the part of intangible assets are substantiated: unification of accounting and tax accounting rules; expanding the range of elements of intangible assets, including goodwill in their composition, using methods of their legal identification for reflection in accounting; improvement of the classification of intangible assets; solving the problem of amortization of intangible assets with an indefinite useful life. The stages of the audit of operations with intangible assets are substantiated, as well as the content of analytical procedures in the audit. It is proposed that the financial innovation policy, as a cornerstone of the company's strategy, should be integrated with the accounting policy and the results of audits in the part of intangible assets.

KNOW-HOW AS AN OBJECT OF INTELLECTUAL PROPERTY RIGHTS MANAGEMENT AS PART OF AN ENTERPRISE’S INTANGIBLE ASSETS

Secrets of know-how production in the world’s leading companies are a major component of assets. That is, for such companies it is the main active basis that provides income. International companies are focused on employees who are able to increase the overall intellectual level of companies and make changes, improve activities. Ukrainian business first came across the term «know-how» when concluding contracts with foreign suppliers of equipment, supplemented by various technological information about the rules of its operation, generally referred to in the know-how contracts. This term is enshrined in business to denote a set of knowledge and experience in a field of activity that have scientific, technical and commercial value and can have practical application. Such useful information can take different forms – technical, technological, commercial, managerial, financial and others. Know-how is the oldest form of protection of intellectual property. This is a very effective regime for entrepreneurs to protect their rights to any innovation, as, unlike patenting, it is not limited in time and does not disclose the essence of the innovation. The article considers a special object of intellectual property rights «know-how» from the point of view of its management as a component of the intangible assets of an enterprise, namely, its identification; criteria to be met by the results of intellectual activity in the know-how mode; substantiation of the possibility of registration as part of intangible assets in the legislation of Ukraine; the advantages and disadvantages of protecting the results of intellectual activity in the know-how regime in comparison with other regimes, which is important for making management decisions; approaches to assessing the value of this object. The most famous and successful examples of the results protection of intellectual activity in the know-how mode in the world are considered. The legislative acts of Ukraine, which contain the definition of know-how, are presented. A generalized definition of this concept is given.

М. В. Собакар УДОСКОНАЛЕННЯ ПІДХОДІВ ДО ІДЕНТИФІКАЦІЇ НЕМАТЕРАЛЬНИХ АКТИВІВ В СИСТЕМІ УПРАВЛІНСЬКОГО ОБЛІКУ ПІДПРИЄМСТВА

The purpose of the article is to reveal the economic essence of information resources and their specific features as part of the enterprise’s economic potential, and to develop the theoretical and methodological aspects of procedure for identifying an information resource as part of intangible assets and/or expenses in accounting system. Research methodology. The goal of the article was achieved using the following research methods: analysis and synthesis, logical generalization, morphological analysis, analytical method, comparison. Findings. The essence of the concepts "information", "data", "information resource" is determined and the relationship between these categories is established. A scheme of the life cycle of information is proposed, which reveals the order of transformation of data into knowledge, which can be used to manage the formation and use of information at the enterprise. The specific characteristics of the information resource as a component of the company's potential are defined, on the basis of which the main methodical principles of identification and formation of the accounting policy for information resources as a component of the company's intangible assets are substantiated. The author proposed an approach to the recognition of an enterprise's information resource in accounting by stages of the life cycle and the range of costs that should be taken into account at different stages. The proposed approach consists in transferring incurred information costs to the composition of the asset after processing of information, establishing its reliability, relevance and the ability to bring economic benefits. Practical value. The obtained results contribute to the development of the accounting system in terms of expanding the range of intangible resources that are reflected as assets in the accounting system of enterprises, in particular in the part of information resources. The approaches and recommendations proposed by the author will improve the current accounting system in terms of identifying information resources as an asset and increase the objectivity of the enterprise’s value assessment.

Intelektualni kapital i produktivnost menadžera - studija slučaja u hotelijerstvu Republike Srbije

Intellectual capital is the part of intangible assets that affects value creation. Intellectual capital includes human capital, structural capital, and customer capital. The paper aims to investigate the relationship between intellectual capital and the managers' productivity in hotel companies. The research included 80 hotels with 3-stars, 4-stars, and 5-stars. Testing of research hypotheses is performed by application of multiple regression analysis and ANOVA test. The obtained results support the positive contribution of the components of intellectual capital on the productivity of managers in hotel companies. Also, the results show that there is no significant difference in the level of achieved manager's productivity between hotels of 3-stars, 4-stars, and 5-stars.

Economic and legal prospects of activation of science parks activity on the way to neoeconomics

Butnik-Siverskiy О. Economic and legal prospects of activation of science parks activity on the way to neoeconomics. The author researches and substantiates by generalizing the scientific points of view improving the legal regulation of the created science parks on the initiative of higher education institutionsand / or research institutions, taking into account the economic and legal prospect of intensifying their activities. National and foreign experience of science parks activity is considered. The content of using the founding agreement on creation of a science park and the agreement on partnership of business entities witha science park is provided. Problems that have not yet been resolved in the process of creating science parks and using innovative developments are noted. The classical content of entrepreneurship in innovation is provided and considered from the standpoint of clarifying the content of the innovation structure, which is based on the commercialization of intellectual property rights by their types, which is a part of the intellectual capital cycle with a corresponding effective result. There is substantiated the procedure of formation of the statutory capital of the science park, to which higher educational institutions and / or scientific institutions cannot use intellectual property rights to the objects, created at the expense of budgetary funds, but can only under the conclusion of a license agreement with business entity, having non-state and state form of ownership as transferred assets, which does not require the alienation of the object of intellectual property rights as part of intangible assets. It is proposed to use the target budget funds as the initial start-upcapital, which is provided on reverse terms to the state budget in case of closure (liquidation) of the science park by the decision of the founders or on the basis of a court decision. Alternatively, in the absence of target budget funds, it is proposed as a source of money to contribute to the statutory capital of the science park as a start-up capital to send part of the special fund of the state budget. It is justified the creation of a technology transfer office, which will be a structural unit of higher education institutions and / or research institutions, which will deal with the process of filing and reviewing a patent application and subsequent licensing. It isnoted that the science park can be the founder (co-founder) of small innovative enterprises and enter into partnership agreements with them for the implementation of certain innovative projects.Keywords: intellectual and innovation environment, science park, founding agreement, statutory capital, intellectual property rights, license agreement, legal status

Problems of intellectual property accounting in industrial enterprises in Russia

This paper analyzes important accounting and financial problems associated with identification, determination of the moment of recognition, proper assessment of intellectual properties that are part of intangible assets, determination of their useful life, as well as the search for relevant methods of their depreciation. According to the generalization of theoretical and their own practical experience, the authors propose the approaches to solve these problems, designed to increase the level of reporting reliability for stakeholders, as well as to ensure proper accounting and control of these objects in order to provide their safety and rational use at industrial enterprises.

Investments in Technological and Business Digitalization: Development of Accounting as a Factor of Economic Security for Business Entities in the Context of New Industrialization

The article is devoted to the issues of reforming the investment costs accounting for the technological and managerial processes digitalization in the course of new industrialization. It outlines the factors for the accounting development, represents plans for the investment assets federal standards development, and evaluates their implementation. It formulates the key differences in the composition and recognition of costs that form the initial cost of digitalization objects. It features the issues of recognising software as part of intangible assets or expenses of the organization. The author analyses and criticise new norms of the introduced accounting standards that build up information about investment objects in the economic processes digitalization. The article also identifies the indicators of economic security formed on data on digitalization investments accounting and defines further directions for the development of accounting in terms of tangible and intangible investments.

ФОРМУВАННЯ СИСТЕМИ ПОКАЗНИКІВ ПРО ІНВЕСТИЦІЇ В ФІНАНСОВІЙ ЗВІТНОСТІ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ

The economic situation of our state requires adequate decisions on the direction of investment processes to achieve a positive economic and social effect. Making sound management decisions is impossible in the case of distorted information about economic, including investment activities of the enterprise. Topical issues of information on investments in the reporting of construction companies were investigated The article presents the results of a study on the issue of disclosure in the reporting of construction companies of information on investments in scientific and practical publications of Ukraine for 2006-2020. As a result, we concluded that this issue remains unresolved and therefore is relevant. The purpose of this article was to systematize and summarize the results of research on accounting issues to disclose information about investments to improve the system of indicators of financial reporting on investment activities of economic entities in the construction industry. The article proposes to reflect the costs of staff development, modernization and implementation of new information systems in accounting and financial reporting as part of intangible assets under the following conditions: potential benefits, availability of control and the possibility of monetary measurement. Recommendations for improving the accounting and analytical support of management of construction companies with information about the volume of capital investments and sources of their financing are provided.

ECONOMIC AND LEGAL PROSPECTS OF ACTIVATION OF SCIENCE PARKS ACTIVITY JN THE WAY TO NEOECONOICS

The author researches and substantiates by generalizing the scientific points of view improving the legal regulation of the created science parks on the initiative of higher education institutions and / or research institutions, taking into account the economic and legal prospect of intensifying their activities. National and foreign experience of scienceparks activity is considered. The content of using the founding agreement on creation of a science park and the agreement on partnership of business entities with a science park is provided. Problems that have not yet been resolved in the process of creating science parks and using innovative developments are noted. The classical content of entrepreneurship in innovation is provided and considered from thestandpoint of clarifying the content of the innovation structure, which is based on the commercialization of intellectual property rights by their types, which is a part of the intellectual capital cycle with a corresponding effective result. There is substantiated the procedure of formation of the statutory capital of the science park, to which higher educational institutions and / or scientific institutions cannot use intellectual property rights to the objects, created at the expense of budgetary funds, but can only under the conclusion of a license agreement with business entity,having non-state and state form of ownership as transferred assets, which does not require the alienation of the object of intellectual property rights as part of intangible assets. It is proposed to use the target budget funds as the initial start-up capital, which is provided on reverse terms to the state budget in case of closure (liquidation) of the science park by the decision of the founders or on the basis of a court decision. Alternatively, in the absence of target budget funds, it is proposed as a source of money to contribute to the statutory capital of the science park as a start-up capital to send part of the special fund of the state budget. It is justified the creation of a technology transfer office, which will be a structural unit of higher education institutions and / or research institutions, which will deal with the process of filing and reviewing a patent application and subsequent licensing. It is noted that the science park can be the founder (co-founder) of small innovative enterprises and enter into partnership agreements with them for the implementation of certain innovative projects.

Legal Protection of Government Agency Logo: Intellectual Property Law Versus State Financial Law

This study aims to determine the legal protection of the government agency logo according to intellectual property law according to state financial law and to find out the harmonization strategy of legal protection of government agency logos between according to intellectual property law and according to state financial law. Qualitative research is carried out using the applied law research approach. The results showed that the logo of government agencies is the result of intellectual property that can become a trademark or copyright. Repressive intellectual property legal protection can be done if preventive legal protection has been done through trademark registration or copyright. While legal protection for state finances can be done if the logos of government agencies become part of intangible assets. Government agencies are required to safeguard intangible assets through administrative safeguards, in the form of bookkeeping in financial statements, and legal safeguards, in the form of registering and storing proof of trademark certificates or copyrights. If these two safeguards are carried out, harmonization between legal protection according to state financial law and intellectual property law has taken place. Preventive and repressive protection of agency logos as intangible assets can be optimized. Keywords: agency logos, intangible assets, legal

The main aspects of accounting policies of intangible assets of enterprises

Purpose. The aim of the article is the identification of the main components of intangible assets (IAS) accounting policy and its key tasks, which are the basis for the identification and systematization of accounting elements of the IAS and disclosure of their characteristics. Methodology of research. The theoretical basis of the research is the scientific works of domestic and foreign scientists on the problems of research of accounting policy formation, accounting, analysis and control of intangible assets, legislative and normative acts on these issues. General scientific methods (abstraction, comparison, generalization, analysis, synthesis) are used to achieve the goal of the study ‒ to know the basic elements of accounting policies IAS; critical analysis and systematic approach ‒ in disclosing the characteristics of the main elements of accounting policies of the IAS; abstract and logical method - to formulate the conclusions of the study. Findings. It is established that the accounting policy of the enterprise should cover alternative aspects of accounting (financial) accounting, variants of management accounting, features of tax calculations, approaches to control and protection of IAS. The key tasks, which are the basis for defining and systematizing the elements of accounting policies in the IAS, are highlighted. The elements of accounting policy in the part of IAS are disclosed. Originality. The research on the formation of accounting policy of the enterprise according to its relevant components (accounting (financial) accounting, management accounting, tax calculations, control and protection of intangible assets) has received further development. The main elements of the accounting policies of intangible assets are identified and disclosed. Practical value. The implementation of the proposed components of accounting policies of the enterprise with the identification of its main elements in the part of intangible assets will help improve the efficiency of management of intangible assets, which will qualitatively affect the determination of the value of the enterprise. Key words: accounting policy; intangible assets (IAS); basic elements of accounting policies of IAS; financial accounting; management accounting; control.

Does the stock market value corporate environmental performance? Some perils of static regression models

AbstractIntangible assets not only help firms gain competitive advantages but also enable such advantages to persist when firms are not subject to imitation. Given that expenditure on environmental practices is a part of intangible assets, the absence of a dynamic perspective is a major impediment to the further development of the empirical economics of management. By exploiting fine‐grained measures of research and development assets and patent citations, this study isolates the value‐creating effect of corporate environmental performance through a dynamic lens. Using data from a balanced panel of Japanese manufacturing firms, a positive relationship between corporate environmental performance and firm value is observed even after addressing endogeneity. However, this relationship becomes statistically insignificant once dynamic panel data models are used to control for profit persistence. The results suggest that the use of static regression models can lead to the premature conclusion that it pays to be “green.”

Human resource accounting in the system of value-based business management

Modern economic conditions are characterized by dynamism and complexity, in¬creased competitive confrontation at product markets, rapid changes of the market environment that leads to intensification of the search for advanced approaches to human resource management. Employees, their qualifications and experience are one of the most important factors, without which any prospects of economic growth are neutralized. The purpose of this paper is to substantiate the essence of human resources as a category of accounting, which is a prerequisite for formation of theoretical and methodological basis of their representation in the context of value-based business management implementation policy. The article substantiates the essence of human resources as the total number of employees at the company, who are carriers of human assets accumulated in themselves and inseparable from themselves, such as physical abilities, education, experience and professional knowledge that, in conjunction with using the elements of accounting method, creates the basis for presentation of human assets as the company’s right to use them as a part of intangible assets. Implementation of suggested approach to understand accounting nature of human resources, based on recognition of company’s right to use human assets carried by employees, creates a prerequisite for displaying information about them in the system of accounts and reports of the company that meets the needs of value-based management.

Relative Importance of Intellectual Capital Determinants, Using an Artificial Neural Network Approach: Case Study - Mellat Bank of Iran

Intellectual capital (IC) is the main part of intangible assets and provides competitive advantages for organizations. Therefore, evaluating these assets has a significant value for companies. The aim of this study is to determine the relative importance of IC determinants. Two kinds of questionnaires related to IC were used to collect data for Artificial Neural Network (ANN) and Analytic Hierarchy Process (AHP) methods. In the next step the accuracy of ANN is compared with Multiple Linear Regression and Nonlinear Least Square Fitting methods. Factor analysis is also applied to validate the model and reduction of indicators. Finally, to gain assurance about the ANN results, the results are compared with the AHP’s outcome. The obtained importance order of three IC determinants in the studied banking system is relational capital, human capital and structural capital respectively.