Methodical Bases of Accounting and Commercial Use of the Intellectual Property Objects

Vyacheslav Naberukhin
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Vyacheslav Naberukhin: 'Institute of Agrarian Economics' National Scientific Center, Kyiv, Ukraine

Oblik i finansi, 2018, issue 1, 59-63

Abstract: Today, the production of agricultural products is becoming an increasingly knowledge-intensive industry. So, the accounting system for intellectual property rights should be organized in such a way as to allow the enterprise to identify intangible assets that have not been accounted, because the accounting for intellectual property rights is the one of the way to increase the enterprise capitalization (value). The purpose of the article is to disclose the methods for identifying and registering intellectual property rights objects on the balance sheets of agricultural enterprises. The order of inventory of intangible assets, methodical bases of their initial estimation with the purpose of registering on accounts were described. The objects of intellectual property rights identified during inventory are included to the composition of intangible assets and are reflected in account 12 'Intangible assets'. The initial evaluation of the objects identified during inventory is based on the application of the cost approach. At the same time, there should be a probability of receipt (reception) of economic benefits from their use. At the heart of the cost approach is the procedure for determining the amount of the costs necessary to restore or replace the object, taking into account its wear (if such exists). The implementation of the methodical measures described in the article allows to take into account such an important component of the agrarian enterprises property as intellectual capital. In particular, the methodical measures allow to identify the specific intangible assets of agricultural enterprises that are not accounted, to reflect them on the balance sheet at fair value and to introduce effective methods for their commercial use.

Keywords: intangible assets; intellectual property; accounting; inventory; commercialization of intellectual property; accounting policy (search for similar items in EconPapers)
JEL-codes: M41 O34 (search for similar items in EconPapers)
Date: 2018
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