Legal and Regulatory Aspects of the Recognition and Accounting of Intangible Assets

The purpose of the article is to reveal the legal and regulatory aspects of the recognition and accounting of intangible assets. An analysis of the interpretation of the essence of the concept of "intangible assets" proposed by both academics and international and domestic accounting standards is carried out. It is revealed that the concept of "intangible assets" due to the lack of a clear mechanism for their identification to date, is interpreted differently in the domestic theory and practice of accounting, which is the result of ambiguous understanding of their economic nature and legal content. The criteria for recognizing intangible assets in accounting are determined and grouped. The criteria for identification of intangible assets objects in football clubs are grounded, which allow to approach the definition of intangible assets on both sides - legal and economic. The organizational aspects of the accounting of intangible assets are disclosed, in particular, the units of accounting are specified and the groups of objects of intangible assets are presented in terms of: the subaccounting of accounts, specified in the Instruction on the use of the account plan; accounting subaccounts used in football clubs; groups of intangible assets in accordance with the Tax Code of Ukraine.