Issue №: 3(43)
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.
ACCOUNTING OF INNOVATIVE ACTIVITIES
KOVAL Liubov – Candidate of Economic Sciences, Associate Professor of Accounting Department, Vinnytsia National Agrarian University (21008, Vinnytsia, 3 Soniachna Str., e-mail: kovalstar@meta.ua).
The strategy of economic and social development of Ukraine is aimed at introducing an innovative model of structural construction and economic growth. At the same time, the main source of such growth is innovation products, the creation and use of which is the main driving force of the country's economic development.
Currently, there are certain problems in Ukraine that hinder the development of innovation activity. These include:
- insufficient level of financing of scientific and technical works and associated derivative threats (loss of scientific personnel and intellectual property, inappropriate structure of scientific and technical potential, reduction of innovation activity, etc.);
- insufficient level of informational support of innovation sphere;
- unsuccessful tax policy of the state in the innovation sphere;
- weak development of technology transfer technology.
Innovative products become the subject of accounting since the documentary design of its adoption. Externally, such acceptance may have signs of copyright (certificates, etc.). Identification of objects of accounting of innovation activity involves their assessment.
Evaluation of innovation projects and programs should be carried out in three directions:
1) evaluation of innovations with a view to their selection (pre-investment stage);
2) accounting (accounting, cost) assessment of innovations (at the moment of innovation attraction and by the end of their period of operation);
3) assessment of the efficiency of innovations (in parallel with the operation of innovations and after the investment stage).
Having analyzed the Ukrainian legislation on the accounting evaluation of such an object of accounting as innovation, one can conclude that the regulatory and legal framework is inadequate and inconsistent.
The identified shortcomings therefore require improvements in the methodology and practice of accounting for innovation assessment.
The assessment should take into account the factors of influence and the specific situations in which the company is located.
In our opinion, the assessment of innovations as an object of accounting and analysis should:
- to show the quantitative and value value of a specific type of innovation;
- to give an assessment from the moment of introduction and for a certain date up to the release of innovative products and the implementation process;
- reflect market value and expert assessment for possible implementation through patenting and licensing;
- reflect the recoverable cost of innovative projects to be upgraded, reconstructed and improved during operation;
- take into account the liquidation value or the cost of the sale;
- serve as the basis for conducting an economic evaluation of the innovation process;
- to be an institutional basis for the legal services to perform certain activities related to the negotiation of the conditions for the development of innovations, the protection of property rights and the issuance of results by patents;
- to provide information on the requirements of statistical accounting, tax and investment regulation, administrative management, etc.
The peculiarity of accounting for innovations is their attribution to a particular type of activity. In this connection, there are some problems and inaccuracies.
In our opinion, the innovative activity will be classified as operational in the case when the enterprise is experimental and its operational activities involve the introduction of new varieties of plants, animal breeds, etc. Otherwise, the innovation activity will be expressed through investment.
The accounting of innovations should reflect the information on income, expenses and the process of development and implementation of innovations at the enterprise, which determines its purpose.
To account for innovations, appropriate accounting records should be assigned. However, the current legislation provides for the identification of information only for the cost of research and development. All other information about the innovative state of the enterprise development is reflected in the general accounts of assets, income, expenses, etc.
Using common accounts for innovation is not convenient, because information is sparse. In order to overcome this shortcoming, it is expedient to use the information of the accounting of innovation activity.
In addition, the amount of innovation costs should be used.
For successful construction of the models of accounting for innovations it is necessary to take into account the needs of internal and external users, in particular by changing the forms of both financial and statistical reporting.
The results of the research allow us to formulate the following conclusions and suggestions.
First of all, the regulatory framework for innovation assessment needs to be improved. It should take into account the peculiarities of the functioning of enterprises.
In addition, the urgent issue is the development of methodological recommendations for the accounting of innovations, which will form the basis for the development of the Order on accounting policies in terms of innovation activities of the enterprise.
The issue of reporting information about the entity's innovations will need to be resolved, for which it is proposed to use the Report of sources of financing of innovation-investment activity and the Indicator of the amount of innovative expenses.
The use of these proposals will improve the accounting of innovations in the enterprise.
- Shatkovska L.S., & T.H. Kaminska. Oblik innovatsiinoi diialnosti [Accounting for innovation activity]. (n.d.) magazine.faaf.org.ua. Retrieved from: http://magazine.faaf.org.ua/oblik-innovaciynoi-diyalnosti.html [in Ukrainian].
- Pikush Yu.V. Innovatsiina diialnist yak obiekt bukhhalterskoho obliku [Innovative activity as an object of accounting]. (n.d.) intkonf.org. Retrieved from http://intkonf.org/pikush- yuv-innovatsiyna-diyalnist-yak-obekt-buhgalterskogo-obliku/ [in Ukrainian].
- Zhuk V.M. (2011). Kontseptualni pidkhody vyrishennia poverkhnevykh ta hlybynnykh problem obliku innovatsiinoi diialnosti [Conceptual approaches to solving superficial and in-depth problems of accounting for innovation ]. Oblik i finansy APK – Accounting and finance of agroindustrial complex, 1, 36-39 [in Ukrainian].
- Yurchuk N.P. (2018). Innovatsiini chynnyky formuvannia konkurentospromozhnosti produktsii silskohospodarskykh pidpryiemstv [Innovative factors of forming the competitiveness of agricultural enterprises]. Ekonomika. Finansy. Menedzhment: aktualni pytannia nauky i praktyky – Economy. Finances. Management: topical issues of science and practice, 5, 50-63 [in Ukrainian].
- Pravdiuk M.V. & Pravdiuk A.L. (2018). Ekonomichni ta oblikovo-zakonodavchi aspekty investytsiino-innovatsiinoi diialnosti ahrarnoho sektoru [Economic and accounting-legislative aspects of investment and innovation activity of the agrarian sector] . Ekonomika. Finansy. Menedzhment: aktualni pytannia nauky i praktyky – Economy. Finances. Management: topical issues of science and practice, 2, 90-105 [in Ukrainian].
- Pro innovatsiinu diialnist: Zakon Ukrainy vid 04.07.2002 r. №40-IV [On Innovation Activity: Law of Ukraine dated 04.07.2002 No. 40-IV] [in Ukrainian].
- Isanshyna H.Iu. (2013). Innovatsiina diialnist yak obiekt bukhhalterskoho obliku [Innovative activity as an object of accounting ]. Visnyk Donbaskoi derzhavnoi mashynobudivnoi akademii – Bulletin of the Donbas State Machine-Building Academy, 2 (31), 149 - 152 [in Ukrainian].
- Voloshyn I.V. Metodychni pidkhody do otsinky innovatsii [Methodological approaches to innovation assessment]. (n.d.) magazine.faaf.org.ua. Retrieved from: http://magazine.faaf.org.ua/metodichni-pidhodi-do-ocinki-innovaciy.html [in Ukrainian].
- Natsionalne polozhennia (standart) bukhhalterskoho obliku 1 «Zahalni vymohy do finansovoi zvitnosti»: zatv. nakazom Minfinu Ukrainy vid 07.02.2013r. № 73 i zareiestrovano v Miniusti Ukrainy vid 28 liutoho 2013 r. za № 336/22868 [National Accounting Standard (Standard) 1 "General Requirements for Financial Statements": Security. by the order of the Ministry of Finance of Ukraine from 07.02.2013. No. 73 and registered in the Ministry of Justice of Ukraine on February 28, 2013 under No. 336/22868] [in Ukrainian].
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- Karmazina, O.O. (Eds.). (2018). Naukova ta innovatsiina diialnist Ukrainy, 2017 rik. Statystychnyi zbirnyk. Derzhavna sluzhba statystyky Ukrainy. [Statistical Collection. State Statistics Service of Ukraine] Kyiv, 178 p. [in Ukrainian].
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According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
