Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise

The necessity of classifying approaches to improving the accounting of innovative capital has been grounded. The existing differences regarding the formation of methodological bases for accounting for innovative capital in various systems of accounting standards have been disclosed. The ways of deve...

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Main Author: V.K.
Format: Article
Language:English
Published: Zhytomyr Polytechnic State University 2023-09-01
Series:Економіка, управління та адміністрування
Subjects:
Online Access:http://ema.ztu.edu.ua/article/view/288009
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author V.K.
author_facet V.K.
author_sort V.K.
collection DOAJ
description The necessity of classifying approaches to improving the accounting of innovative capital has been grounded. The existing differences regarding the formation of methodological bases for accounting for innovative capital in various systems of accounting standards have been disclosed. The ways of development of systems of accounting standards in the part of accounting of innovative capital of the enterprise based on the level of their conservatism or progressivism have been summarized. Scientists’ proposals for improving the accounting of research and development costs in order to ensure their progress have been highlighted and analyzed. Variants for the development of research and development expense accounting have been formed in order to ensure their progressivism (development of a separate reporting system for enterprise research and development; development of the current method of accounting for research and development expenses). The expediency of expanding financial statements and notes to financial statements with information about research and development of enterprises based on the growing information needs of users in the conditions of the development of the knowledge economy has been grounded. The expediency of forming non-financial and narrative information about research and development, risks of innovative activity by enterprises in integrated and non-financial reports has been substantiated.
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institution Kabale University
issn 2664-245X
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language English
publishDate 2023-09-01
publisher Zhytomyr Polytechnic State University
record_format Article
series Економіка, управління та адміністрування
spelling doaj-art-9145f179970141d6b8b0c56a7e29cf722025-08-20T03:37:06ZengZhytomyr Polytechnic State UniversityЕкономіка, управління та адміністрування2664-245X2664-24682023-09-013105758010.26642/ema-2023-3(105)-75-80Analysis of ways to solve the dilemma of accounting for innovation capital of the enterpriseV.K. 0https://orcid.org/0000-0002-0684-7072MakarovychThe necessity of classifying approaches to improving the accounting of innovative capital has been grounded. The existing differences regarding the formation of methodological bases for accounting for innovative capital in various systems of accounting standards have been disclosed. The ways of development of systems of accounting standards in the part of accounting of innovative capital of the enterprise based on the level of their conservatism or progressivism have been summarized. Scientists’ proposals for improving the accounting of research and development costs in order to ensure their progress have been highlighted and analyzed. Variants for the development of research and development expense accounting have been formed in order to ensure their progressivism (development of a separate reporting system for enterprise research and development; development of the current method of accounting for research and development expenses). The expediency of expanding financial statements and notes to financial statements with information about research and development of enterprises based on the growing information needs of users in the conditions of the development of the knowledge economy has been grounded. The expediency of forming non-financial and narrative information about research and development, risks of innovative activity by enterprises in integrated and non-financial reports has been substantiated.http://ema.ztu.edu.ua/article/view/288009innovative capitalresearch and developmentintangible assetsdevelopment of accounting in the conditions of the knowledge economy
spellingShingle V.K.
Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
Економіка, управління та адміністрування
innovative capital
research and development
intangible assets
development of accounting in the conditions of the knowledge economy
title Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
title_full Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
title_fullStr Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
title_full_unstemmed Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
title_short Analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
title_sort analysis of ways to solve the dilemma of accounting for innovation capital of the enterprise
topic innovative capital
research and development
intangible assets
development of accounting in the conditions of the knowledge economy
url http://ema.ztu.edu.ua/article/view/288009
work_keys_str_mv AT vk analysisofwaystosolvethedilemmaofaccountingforinnovationcapitaloftheenterprise