Abstract
The article is devoted to the issues of reforming the investment costs accounting for the technological and managerial processes digitalization in the course of new industrialization. It outlines the factors for the accounting development, represents plans for the investment assets federal standards development, and evaluates their implementation. It formulates the key differences in the composition and recognition of costs that form the initial cost of digitalization objects. It features the issues of recognising software as part of intangible assets or expenses of the organization. The author analyses and criticise new norms of the introduced accounting standards that build up information about investment objects in the economic processes digitalization. The article also identifies the indicators of economic security formed on data on digitalization investments accounting and defines further directions for the development of accounting in terms of tangible and intangible investments.
Highlights
Modern situation in the entrepreneurial activity have outlined an actual trend in the development of the business entities economy, which at the moment is the digitalization of business
It is a tangible asset that has a material form; the purpose of this object is its use in the economic activity of a business entity; the equipment is meant to be used by a business entity for a long period exceeding
Expansion of the list of costs included in the initial cost, for the amount of estimated liabilities;
Summary
Modern situation in the entrepreneurial activity have outlined an actual trend in the development of the business entities economy, which at the moment is the digitalization of business. The definition of "digitalization" was formulated by an American computer scientist Nicholas Negroponte, who is currently working at the University of Massachusetts. Later this definition was studied by a number of Russian scientists, O.A. Alekseenko..[1], Plotnikov V.
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