ACCOUNTING FOR INNOVATIONS IN VENTURE CAPITAL ACTIVITY PROPOSED FOR THE REPUBLIC OF MOLDOVA

Viorica Ungureanu ()
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Viorica Ungureanu: The Doctoral School of Economic Sciences of the State University of Moldova, Republic of Moldova

Contemporary Economy Journal, 2023, vol. 8, issue 3, 6-16

Abstract: In businesses with a risk profile, from which innovative projects originate, investments have an important place. When venturing into a project, the investor must be extremely cautious and calculated, correctly assess the risks related to venture capital activity, and the position of the economic agent, who initiates the project, must be an exemplary one, which accurately reflects the economic reality and its perspective to generate as high a return as possible. For this purpose, the accounting of innovations in venture capital activity must provide all users with the most truthful information. In the study, the author formulated a hypothesis: the financing sources of innovative projects represent capital investment sources, this is why it is necessary to know the capital market and its efficiency, from which it can be deduced that the innovative activity requires special knowledge of the field, starting from the operational record to the accounting record of all operations, including financial reporting based on fair value according to International Financial Reporting Standards. Under the conditions of the operation of the venture activity mechanism, the meaning of information and reporting in the financial statements takes on particular importance, because the results of the venture capital activity are reflected in slips, registers, order journals, trial balances and financial statements, the purpose of which is to provide actionable information for the adoption of the most effective solutions by its users.

Keywords: innovations; accountancy; funding investment; capital venture; Business-angels; IFRS (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2023
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