Objects of accounting and internal audit of innovation activity

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Objects of accounting and internal audit of innovation activity

Journal Title: Економіка АПК - Year 2018, Vol 7, Issue

Abstract

Stoliarchuk N.M. Objects of accounting and internal audit of innovation activity The purpose of the article is to systematize the composition of the objects of accounting and internal audit of innovation activity, which will enable to effectively organize analytical and synthetic accounting and enhance the content of financial reporting. Research methods. The article is based on the usage of the dialectical method in the study of economic and accounting characteristics of innovation activity. The study of specific assets that occur under the influence of innovation activity has been carried out using induction and deduction methods, analogies and comparisons. Methods of causation and abstract and logical have been used to determine the relationship between assets and innovation activities. Research results. Changes in accounting under the influence of innovation activity require the recognition of “new” objects of accounting and reporting. In this regard, the composition of the objects of accounting has been systematized by their division into three groups: classical objects of accounting, objects of internal (managerial) accounting, and non-system objects of accounting. The first group contains assets that have a valuation and are reflected in the balance sheet. It includes budget allocations, research and development costs, intellectual property objects in intangible assets, innovative products, in particular seeds, new strains of microorganisms, raw materials, licenses, passive incomes, capital investments. The second group includes estimates, cost calculations, research programs, laboratory data, field magazines, planning and economic data, that is, those objects that affect the cost of innovation. And in the special group must be established for non-system objects that influence indirectly in display of intellectual assets in the accounting: human capital records, asset valuation, calculations of the economic efficiency of the innovative product, etc. Their identification will facilitate the expansion of accounting functions and increase confidence in data credentials. Elements of scientific novelty. The objects of accounting and internal audit in research institutions under the influence of innovation activity has been further developed by their division into three groups: classical objects of accounting, objects of internal (managerial) accounting, and non-system accounting objects. Practical significance. Expansion of the quantitative and qualitative composition of the objects of innovation activity with their inclusion in the account as assets, will determine the effectiveness of the implementation of innovation processes at enterprise, increase the investment attractiveness of financial reporting, expand the internal audit procedures. Figs.: 1. Refs.: 24.

Authors and Affiliations

Nadiia Stoliarchuk

Keywords

objects; assets; innovative activity; intangible assets; objects of intellectual property; elements of financial reporting

EP ID EP608167
DOI -
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