The value of a company consists largely of intangible assets such as intellectual capital, human capital, customer capital, and intellectual property in addition to tangible assets. However, intangible assets are often undervalued or excluded from assessments of corporate worth, leading to misallocation of resources and inefficient markets. More accurate valuation and reporting of intangible assets is needed, but traditional accounting methods make this difficult due to issues like inconsistent definitions and treatment of internally developed intangibles. Recent initiatives aim to address these issues to better capture companies' comprehensive value.