Valuation of Intangible Assets (IA) of Investment Project on Production of Biofuel
Journal Title: Бізнес Інформ - Year 2015, Vol 11, Issue 0
Abstract
The aim of this paper is to study the methods for estimating intangible assets (IA) of investment project on production of biofuel and to identify the impact of characteristics of biofuels production on IA. The topical problem of contemporary accounting is the ability to reliably display information about intangible assets for financial and other forms of reporting. Such reliability can be provided through the process of determining the real scientifically substantiated value of the object of intangible assets, i.e. valuation. It should be noted that valuation of the object of intangible assets, created by the enterprise by its own means, such as biofuel production technology, appears to be problematic. Non-compliance in the matters of organization, accounting and valuation of intangible assets has a significant impact on the accuracy of the information on the general status of assets, which is published by economic entities. Compatibility with international standards increasingly causes influence on the theory and practice of accounting in general and intangible assets, in particular. Certainly, in these matters, the existing foreign experience should be taken into consideration, which should go along with the focus on domestic realities, as well as with maximum approaching the theoretical achievements of current practices. The article discusses the parameters for valuation of intangible assets and proposes a comparative characteristic of approaches to valuation of intangible assets, which can be of use for enterprises.
Authors and Affiliations
Oleksandr Balan, Olesia Arabadzhy
Keywords
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