Modeling the Options for Accounting for the Innovation Costs of Industrial Enterprises in Ukraine

Abstract

In this article, the methodology and organization of accounting for innovation costs are considered, and directions for their improvement are suggested. This is accompanied by an analysis of the modern economic literature on the reflection of the costs of innovation in accounts, which allows for the identification of several options. The purpose of this study is to identify the main problems of accounting for the cost of innovation and to develop recommendations for their solution for effective enterprise management. The object of the study is the process of formation of costs for innovations to be reflected in the accounting system. The complexity of reflecting the cost of innovation in accounts necessitates the creation of appropriate approaches and methodologies. It was found that businesses account for the costs of innovation on different balance sheets, which indicates the absence of a rational method of accounting. To meet the information needs of the data management system, a tailored accounting approach is proposed, which combines the process of financing and using the costs of innovation. It was determined that, when modelling this system, it is important to take into account the factors that influence the formation of the methodological principles of accounting for innovation costs. It is established that the accounting method may be influenced by the following factors: forms and sources of financing the costs of innovation (factor F); the procedure for writing off the cost of capital investment (factor K); and the procedure for writing off current operating costs (factor O). It is determined that the use of the proposed approach will improve the quality of accounting and information support of the enterprise management system.