THE ROLE OF INTANGIBLE ASSETS IN CAPITALIZATION OF THE VALUE OF THE ENTERPRISES: EXTERNAL EXPERIENCE AND DOMESTIC REALITIES
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 5, Issue 67
Abstract
At the current stage of Ukraine's economic development, intangible assets play a major role in capitalizing the value of companies. Today, enterprises operate in conditions of continuous transformation of the market environment, which causes the shift of emphasis from the material and financial sectors of economic activity of business entities to the field of information provision. In this regard, the scientific relevance and practical demand for the study of the essence of intangible assets, their place and role in the process of forming the market value of modern enterprise is growing. The significance of intangible assets for ensuring the economic development of enterprises and organizations and ensuring their long-term competitive advantages in the market in developed countries has been realized several decades ago. The problem of determining the role of intangible assets in capitalizing the cost of enterprises is investigated using a retrospective method. The article examines the foreign experience of capitalizing intangible assets. The domestic practice of accounting reflection of intangible assets in accounting and reporting is analyzed. Domestic practice shows that intangible assets are not yet sufficiently involved in the economic turnover of the enterprise, there is no tool for their assessment. Today Ukrainian enterprises have a very low percentage of intangible assets in the total value of business. Thus, in order to ensure the dynamic development of national business, awareness of the leadership of enterprises and organizations at all levels of management of the need to create, form and use intangible assets in their activities – a powerful source of both competitive advantages and generating of profits – is essential. Summing up the results of the conducted analysis of the state and trends of intangible assets of enterprises, one can conclude that, firstly, such assets do not yet play a significant role in the activities of enterprises; secondly, underestimating the role and reflection of such assets in accounting is one of the factors inhibiting the innovation development of both the enterprise and the economy as a whole. Consequently, the use of intangible assets must necessarily involve the effective management of them and, first of all, making decisions to create, form, and commercialize them in conditions of market competition in order to maximize profits.
Authors and Affiliations
N. A. Chugrii
Keywords
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- EP ID EP562332
- DOI 10.32782/2520-2200/2018-5-34
- Views 132
- Downloads 0
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