Abstract Along with the advent of knowledge-based economy, intangible assets , the decisive factor of a company's core competitiveness and its value, need to be concluded completely in the modern accounting system. This paper discusses the relationship between intangible assets, owner's equity of heterogeneous human resources and the accounting equation on the basis of the revised accounting equation:“Material Assets +Intangibles = Liabilities + Labor Equity + Owner's Equity of Heterogeneous Human Resources Assets + Material Assets Owner's Equity”,which embeds intangible assets and their creator---- owner's equity of heterogeneous human resources. The author also finds the economic theory basis for this revised accounting equation.
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Received: 04 July 2008
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