Accounting for Capital Expenditures in the Intellectual Property Objects

The expenditures on the creation of an innovative product are allocated for research and development. Capitalization of expenses, which are included in the initial cost of the intangible asset, is possible only if certain conditions are agreed upon. In accounting standards is the distribution of the process of creating innovative products at the research stage and the development stage. However, there are no clear criteria for which costs include to a particular stage. The purpose of the article is to study foreign methods of accounting for capital expenditures in intellectual property objects and justify approaches to their adaptation for use in domestic accounting practices. The using of the terms "research" and "development" in national and international accounting standards was investigated. It was revealed that in the Russian Federation and Moldova there is a separate standard for recording expenditures for research and development. The restrictions on the inclusion of expenses to intangible assets contained in the Ukrainian and foreign regulatory documents on accounting were generalized. The main criteria for capitalizing the costs of creating an innovative product were determined: the research is conducted by the institution for the first time; availability of design sample; costs can be separated from general research costs; the possibility of obtaining income from the use of the intangible asset. The order of reflection of expenses on research and development on accounts was disclosed. Exposed in the article approaches to accounting for the costs of research and development allow to organize the accounting for intellectual property in enterprises which engaged in research activities.