Particularities of documenting the accounting events on intangible-asset acquisition, revaluation and write-off

Abstract

Subject. This article deals with the issues of documenting the business operation items related to the recognition, revaluation and write-down of intangible assets. Objectives. The article aims to investigate and systematize the provisions that reveal the features of documenting transactions for the acquisition, creation, revaluation and write-down of intangible assets, as well as reveal the content and composition of the details of primary documents on the revaluation of intangible assets. Methods. For the study, we used the information retrieval, consolidation, and event modeling techniques. Results. The article proposes an author-developed primary document form for practical application, which records the results of the revaluation of intangible assets. The information contained in this document may serve as the basis for regulating the valuation of intangible assets by reflecting transactions for their revaluation and (or) write-down on accounts in accordance with the rules established by accounting standards. The versatility of the proposed document form makes it possible to use it in relation to the primary accounting of the results of the revaluation of fixed assets and other non-current assets. Conclusions. The quality of decisions made in the management system of the organization depends both on the professionalism of the managers and on the discipline of the performers who form the information base for decision-making and the subsequent reflection of the results of the accounting events in the reporting. Structuring the composition of the elements and their content contribute to improving the quality of not primary documents only, but also the entire system of accounting and analytical support for management and reducing the threat to economic security when performing transactions with intangible assets.