The need for accounting and reporting on the innovation capital of the enterprise in the conditions of the knowledge-based economy

Abstract

The article investigates the reasons for the need for improvement and the factors of the development of the accounting system in the conditions of the formation of the knowledge-based economy (new economic conditions for the functioning of enterprises; new normative requirements for enterprise reporting; society's requirements for the operation of enterprises on the basis of sustainable development). The views of researchers regarding the need to develop the accounting system in new economic conditions, characterized by the priority of innovation and intellectual capital in the activities of enterprises, have been analyzed. The requirements of the management report in terms of research and development of enterprises have been disclosed. The modern requirements for disclosing information about innovative activities of enterprises in reporting aimed at ensuring sustainable development have been revealed. The accounting system's problems related to the enterprise's innovative activity in the conditions of the knowledge-based economy, which need to be solved by scientists (fundamental problem, problems of a theoretical, methodological, and organizational nature), have been identified and characterized. The necessity of developing the theoretical and methodological foundations of the accounting of innovative capital as a comprehensive means of solving the identified problems has been substantiated.