One of the effects of the New Economy is represented by the fact that the science of accounting must be better adapted to the new realities. In the near past an interesting transformation manifested: intangible goods rapidly replace the tangible goods, because the first ones can create added value in a more intensive way. We are at a beginning period of a new “New Economy”, and this New Economy is founded on a model which tries to optimize the combination between tangible goods and knowledge/intangible goods, where the managers count on the long-run creation of added value and also on the short-run obtaining of the profit. This paper tries to reveal the need to recognize the existence of limits of accounting and to identify some ways to improve it, because the processes of decision-making and decision taking must not be invaded by limited or distortional information.