Intangible Resources in Mexican Accounting Standards : Recognition and Concealment

In the strategic discipline, resourced based view is widely accepted to explain the source of competitive advantage, it notes that the success of a company lies in the heterogeneity of the internal means are there to carry out their activity. The intangible resources have greater strategic potential. Other disciplines related to firm performance have lagged behind in considering the true value of intangible resource; this is the case of accounting. This work is based on analysis of Mexican financial reporting standards on intangibles; the goal is to identify what is the status of recognition. The results show that there is still a gap between the value shown in the financial statements of companies and their true value in light of the theory of resources and capacities