Abstract
The article makes an analysis of the reflection in accounting of innovative activities in accordance with IFRS, GAAP and RAS. The theoretical framework of the concept of «innovative activity» has been defined. The matrix of the main accounting characteristics of intangible assets was compiled, built in the context of international and domestic accounting standards. The algorithm for determining the fair value of an intangible asset is presented, which is realized depending on market activity. The author’s definition of the fair value of an intangible asset is given, and an example of its calculation is given. A new sub-account has been proposed for account 08 «Investment in non-current assets» to reflect intangible assets at fair value.
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