Substantiation of the Essence of Intangible Assets in Accounting
Journal Title: Бізнес Інформ - Year 2013, Vol 10, Issue 0
Abstract
Economic subjects in Ukraine started to use intangible assets in their financial and economic activity more often, but still less than in other countries of the world. One of the reasons is a difficulty in understanding the essence of an intangible asset as an object of accounting. The goal of the article is to identify the essence of intangible assets for accounting in accordance with regulatory documents on accounting of intangible assets. The article justifies essence of intangible assets, identifies contradictions of main aspects of the essence of intangible assets for organisation of accounting. It generalises the definition of the "intangible asset" term and "identification" notion, systemises criteria of acknowledgement of intangible assets and justifies features of classification of intangible assets for accounting. In order to eliminate detected contradictions in regulatory documents and interpret clearly main general provisions with respect to organisation of accounting of intangible assets, the article offers: to give a justified definition of the intangible asset; to introduce addenda to the Regulations (standard) of Accounting No. 8 "Intangible Assets" with respect to identification of objects of intangible assets; to identify criteria of acknowledgement of intangible assets; to generalise main features of classification of intangible assets in accordance with Regulations (standard) of Accounting No. 8 for accounting and financial reporting. Solution of these issues is important for effective and proper organisation of accounting and formation of information on intangible assets and authenticity of financial reports.
Authors and Affiliations
Halyna Beskosta
Keywords
Related Articles
- EP ID EP120759
- DOI -
- Views 110
- Downloads 0
Criteria for Evaluating of Management of Process of Advertising Activity on the Consumer Market
Purpose of the article is to identify the criteria for evaluating the effectiveness of advertising activity of companies on the consumer market. The study used the methods of theoretical generalization and comparison, an...
Reporting on the Capital Investments of Energy Supplying Companies
The article is aimed at substantiation of methodical bases of accounting provision for the capital investments of energy supplying companies. During the study has been suggested to amend the description of line 1005 of t...
Improvement of Methods of Assessment of Efficiency of Use of Agricultural Lands
The goal of the article is improvement of methods of calculation of efficiency of use of land with consideration of qualitative characteristics of agricultural lands. Analysing traditional indicators of use of agricultur...
Formation of Information Support for the Bank's Foreign Currency Transactions in the System of Accounting and Auditing
The article is written with the aim to disclose important aspects of formation the technology of accounting and auditing for the bank's foreign currency transactions, to elaborate viable practical solutions to improve th...
Formation of an Approach to the Risk Management of IT Project
The article is concerned with the formation of an approach to the risk management of IT project, which would combine the advantages of the concept of front-end management with the common risk-management tools. On analyzi...