Concept of corporate intellectual capital is not new to the
managers, researchers and academicians but its systematic
measurement and financial reporting have always been
a problem to them. On the other hand, investors have
realized the importance of intellectual capital with the recent
growth of knowledge-intensive companies, but accounting
standards are unable to meet the expectations of the
investors. Measuring intangible assets are difficult because
of its intangible nature. Guthrie et al. (2001) have tried to
draw attention towards the issues related to accounting and
management of intellectual capital. It is widely accepted
that intellectual capital should be measured and reported
properly by the companies, but there is a lack of consistency
among the researchers and academicians about any single
measuring model (Bontis et al., 1999).