METHODOLOGICAL BASIS FOR ACCOUNTING OF ENTITIES INTANGIBLE ASSETS MANAGEMENT

Abstract

The importance of methodological basis for accounting of entities intangible assets management research is conditioned by the necessity of enterprise competitiveness insurance in a way of the ability to react to the global challenges of the information economy.The theory of accounting provides a useful account of how entities manage intangible assets within their accounting system. Theoretical insight into the intangible assets accounting questions on the levels of fundamental theories, theories that describe a particular area of reality based on the fundamental theories and particular theories bordering on some empirical laws are appropriated here.The role of intangible assets management in entities activity has received increased attention across a number of disciplines in recent years. Moreover, the issue of intangible assets management has received considerable critical attention in practice of business accounting. At the same time, despite numerous achievements in the field of accounting for intangible assets researches, there are still various points of views at the peculiarities of accounting methodology.In light of recent events in economic researches, it is becoming extremely difficult to ignore the existence of intangible assets accounting methodology. The purpose of the current study is to determine the approaches to define intangible assets both on theoretical and empirical levels and methods of intangible assets accounting for further innovative development management as the methodological basis for accounting process.The paper considers the levels of intangible assets accounting questions. Inventory procedures for intangible assets are researched. Scheme of the account 12 “Intangible assets” sub-accounts transformation is developed. The principle of double-entry balance sheet approach to the concepts of “intangible assets” and “intellectual capital” is discovered.The systematic approach to accounting and analysis of entities intangible assets application, determining the value of intangible assets is a prerequisite for the harmonization of the intangible assets accounting in Ukraine and in the world.