Subsequent measurement of intangible assets in FAS 14/2022: main innovations, problems and ways to solve them

Abstract

From 2024, the Federal Accounting Standard (FAS) 14/2022 “Intangible Assets” will be introduced without fail. This document significantly changes the regulations provided for by PA 14/2007. In our previous work, we examined the most significant changes in the area of recognition of intangible assets in accounting, as well as in the area of the initial measurement of these assets. In this article, we will analyze the main innovations in relation to the subsequent measurement of the above assets in the accounting of Russian organizations (including healthcare organizations). In addition, we will explore the most important problems that arise in this area and present proposals for their solution. When conducting research, such methods as analysis and synthesis, comparison, grouping method, analogy method, logical approach, systematic approach were used. As a result of the research, the changes we identified in the field of the subsequent measurement of intangible assets are combined by us into several groups. Within these groups, we have identified the main problems caused by future innovations. Also, for each of these problems, we have identified ways to solve them. The results obtained in this article will be useful to a wide range of readers interested in modern problems of accounting, including the subsequent measurement of intangible assets, can be used in the educational process of higher educational institutions, in the practical work of accounting departments, as well as in the development and improvement of relevant regulatory documents on accounting.