INTANGIBLE ASSETS ACCOUNTING: ROLE, PROBLEMS OF THEIR IDENTIFICATION AND CLASSIFICATION

Abstract

A lot of Russian and foreign scientists are engaged in the study of intangible assets, attention on their part is due to the fact that the digital economy is actively developing in the world, at the same time the role of intangible assets is increasing. However, there is no consensus on the definition of intangible assets in scientific works. The concept of intangible assets suggests that such an asset does not have a material form. But to exist from an economic point of view, such an asset must have at least some material manifestation or proof of existence. Patents, contracts and other written agreements and documents may be as an evidence.

There are various classifications of an intangible asset in the world, which is a kind of problem, which is caused primarily by the diverse composition of this type of asset.

The lack of uniform criteria creates difficulties for economic entities in identification, which is an urgent problem nowadays.

Difficulties associated with identification are accompanied by additional problems of accounting for transactions with objects that can be recognized as intangible assets, in particular, taking into account the costs of maintaining objects in working order, calculating and accounting for depreciation, etc.

Thus, these problems don`t allow to fully determine the valuation of intangible assets and reliably reflect them in accounting and financial statements.