1362 Copyright © 2019, IGI Global. Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited. Chapter 102 DOI: 10.4018/978-1-5225-7362-3.ch102 ABSTRACT The value of intellectual capital has been the main focus in the debates between international profes- sionals and the business world for many decades. Today, this concept interferes with the international process of assessment and with the convergence of accounting. However, it is more likely for a certain period of time to develop both paradigms in parallel and then become convergent, thus solving the paradox of intangible asset valuation. Another challenge would be to extend and adapt this research to the specifics of different national economic systems, to generalize the relationship between intellectual capital and company performance and other countries and industries. This chapter analyzes the answer of the questions regarding recognition, presentation, and evaluation of intellectual capital, and also vari- ous controversial issues of this concept, as it is presented in the current project of the IASB and FASB. INTRODUCTION The value of intangible assets has been the main focus in the debates between international profession- als and business world for many decades. Today, this concept interferes with the international process of assessment, but also with the convergence of accounting. The need to determine the value of these assets lies in the more virulent criticism brought to the traditional accounting system, placed face to face with an increasing vision of financial assets of a company. In an uncertain world with imperfect and incomplete markets (financial crisis), no particular measurement objective should be regarded as having a monopoly, and different measurements should be regarded as complementing one another. The Measurement and Recognition of Intellectual Capital in the Process of Accounting Convergence Trends and Patterns Ionica Oncioiu Titu Maiorescu University, Romania