Discussion issues of intangible assets accounting in the context of innovation activities
DOI:
https://doi.org/10.35774/visnyk2024.03.189Keywords:
innovation, results of innovation activities, intangible assets, reportingAbstract
Introduction.Modern changes in science and technology, which have a dramatic impact on the life of social formations, dictate the need to pay special attention to the study of innovation processes occurring at the macro and micro levels. Today, innovative activity is a source of self-development and self-organization of entrepreneurship, a condition for increasing its competitiveness in the context of revolutionary and technological changes in the production process. However, the results of such activities, their identification, measurement and accounting methods remain the subject of debate among both scholars and practitioners.
Purpose. The purpose of the article is to define the essence of the concept of «results of innovation activity». To carry out a critical analysis of domestic and foreign standards which determine the methodology for accounting for such results and to develop proposals for improving such methods.
Methods. To achieve the goal set in the study, the article uses general scientific methods: induction and deduction, analogies (to study the conceptual apparatus of “results of innovation activity”). Using the method of critical analysis, a comparative characterization of accounting standards is carried out.
Conclusions. The historical aspect and genesis of the concept of “results of innovation activity” are determined. A critical analysis of the main differences in domestic and foreign accounting standards for intangible assets is carried out and proposals for improving this regulatory framework are developed.
Prospects for further research lie in the need to develop accounting methods for identifying and measuring those elements of intellectual capital as a result of the enterprise’s innovation activity that do not yet fall within the definition of enterprise assets.
References
Tkachuk, O. M., Hermanyuk, N. N. (2020). Suchasne udoskonalennya innovatsiynoyi diyalʹnosti pidpryyemstva [Modern improvement of innovative activity of the enterprise. Economics and management organization]. Ekonomika ta orhanizatsiya upravlinnya – Economics and management organization, 4, 90-99. [in Ukrainian].
Horkina, L.P. (2021). Na perekhresti paradyhm: M.I. Tuhan-Baranovsʹkyy v istoriyi ekonomichnoyi dumky [At the crossroads of paradigms: M.I. Tugan-Baranovsky in the history of economic thought]. Kyiv: NAN Ukrayiny, DU «In-t ekon. ta prohnozuv. NAN Ukrayiny» – National Academy of Sciences of Ukraine, State University of Economics and predicted NAS of Ukraine, 574 p. [in Ukrainian].
Shumpeter, Y. A. (2011).Teoriya ekonomichnoho rozvytku: Doslidzhennya prybutkiv, kapitalu, kredytu, vidsotka ta ekonomichnoho tsyklu; per. z anhl. V. Starka. [Theory of economic development: Research of profits, capital, credit, interest and the economic cycle; trans. from English V. Stark]. Kyiv: Ed. house «Kyyevo-Mohyl. akad.», 242 p. [in Ukrainian].
Druker, P. (1994). Yak zabezpechyty uspikh u biznesi: novatorstvo i pidpryyemnytstvo. per. z anhl. V. S. Hulya. [How to ensure success in business: innovation and entrepreneurship. trans. from English V. S. Hulya]. Kyiv: Ukrayina, 319 p. [in Ukrainian].
Freeman, C. (1996). Long Wave in the World Economy. International Library of Critical Writings in economics. Aldershot: Edwards Elgar, 678 р. [in English].
Nelson, R. Winter, S. (1977). In search of A Useful Theory of Innovation. Research Policy, 6, 36-76. [in English].
Petty, R. Guthrie, J. (2000). Intellectual capital Literature Review. Measurement, reporting and management. Journal of Intellectual Capital, 1, 155-176. [in English].
Frascati Manyal «Proposed standard for research and experimental development surveys» (1963). Retrieved from https://www.oecd.org/en/topics/science- technology-and-innovation.html. [in English].
Kerivnytstvo (rekomendatsiyi) Oslo. Nastanovy shchodo zboru , predstavlennya ta vykorystannya danykh pro innovatsiyi (2018) [Guidelines (recommendations) Oslo. Guidelines for the collection, presentation and use of innovation data]. Retrieved from: https://mon.gov.ua/storage/app/media/nauka/2023/11/15/01/ Kerivnytstvo. Oslo-2018-15.11.2023.pdf. [in Ukrainian].
Zakon Ukrayiny «Pro innovatsiynu diyalʹnistʹ» vid 04.07.2002р. № 40-IV [The Law of Ukraine “On Innovative Activity” dated July 4, 2002]. Retrieved from https://zakon. rada.gov.ua. [in Ukrainian].
Mizhnarodnyy standart bukhhaltersʹkoho obliku 38 «Nematerialʹni aktyvy». Rada z Mizhnarodnykh standartiv bukhhaltersʹkoho obliku. Standart, Mizhnarodnyy dokument vid 01.01.2012 [International accounting standard “38 Intangible assets”. International Accounting Standards Board Standard, International document dated 01.01.2012]. Retrieved from https://mof.gov.ua/storage/files/IAS-38_ukr_2016.pdf. [in Ukrainian].
Mizhnarodnyy standart finansovoyi zvitnosti 15 «Dokhid vid dohovoriv z kliyentamy». Rada z mizhnarodnykh standartiv finansovoyi zvitnosti. Тravenʹ, 2014. [International Financial Reporting Standard 15 “Income from contracts with clients” International Financial Reporting Standards Board. May, 2014]. Retrieved from https://ips. ligazakon.net/document/view/mu17027?an=982&ed=2017_06_30. [in Ukrainian].
Natsionalʹne polozhennya (standart) bukhhaltersʹkoho obliku 1 «Zahalʹni vymohy do finansovoyi zvitnosti». Nakaz Ministerstva finansiv Ukrayiny №73 vid 07.02.2013 r. [National regulation (standard) of accounting 1 “General requirements for financial reporting” Order of the Ministry of Finance of Ukraine dated February 7, 2013 No. 73]. Retrieved from https://ips.ligazakon.net/document/Re22868. [in Ukrainian].
Natsionalʹne polozhennya (standart) bukhhaltersʹkoho obliku 8 «Nematerialʹni aktyvy». Nakaz Ministerstva finansiv Ukrayiny № 242 vid 18.10.1999 [ National regulation (standard) of accounting 8 “Intangible assets”. Order of the Ministry of Finance of Ukraine dated 18.10.1999 No. 242]. Retrieved from https://ips.ligazakon. net/document/REG4043. [in Ukrainian].
