Much research on intangible assets has focused on the effects of intangible assets on the value-relevance and corporate performance, but they have been overlooked in that the recognition of intangible assets can be used as ameans tomeet actual operating profit to operating profit forecasts. The purpose of this study is to analyze the relationship between the recognition level of intangible assets and meeting management operating profit forecasts, and to provide evidence that managerial accounting discretion on the recognition of intangible assets is related to meeting operating profit forecast. The results of this study show that the level of recognition of total intangible assets is not related to earnings forecast error and earnings forecast accuracy. However, the higher the recognition level of development cost and goodwill, the lower the management earnings forecast error, and the higher the management earnings forecast accuracy. This relationship has been reinforced in companies with income-increasing discretionary accruals. Therefore, the actual operating profit can be met the operating profit forecasts because the high recognition level of development cost and goodwill increase profit through cost deferral. This relationship becamemore apparent after the introduction of K-IFRS. Therefore, after the introduction of K-IFRS, the manager's discretion over intangible asset recognition is inferred to be higher. On the other hand, this relationshipwas dominant in companies that did not have an audit committee. This result shows that managers' opportunistic goals could be restrained under strict corporate governance. This study implies that to effectively allocate resources and alleviate information asymmetry in the capitalmarket, intangible assets recognition standards and corporate governance should be strengthened.