Discussion issues of intangible assets accounting in the context of innovation activities
DOI:
https://doi.org/10.35774/Keywords:
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.
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