Cost Accounting of Venture Company Depending on the Stage of Its Life Cycle

The purpose of the article is to identify groups of costs that are inherent in life-cycle stages of venture companies and which directly are the objects of accounting. The author distinguishes stages of the life cycle of the venture company with an indication of the degree of risk and the need for venture capital, which determine the accounting tasks required to reflect it. The model of lifecycle accounting of venture company is grounded. The conventional range of expected return on the invested capital is described, depending on the stage of the life cycle of the venture company. It is demonstrated the dependence of the risk, the payback period and the amount of venture financing, depending on the stage of the life cycle of the venture company. Defined the groups of costs that are inherent to life-cycle stages of the venture company. The proposed classification of expenses will help managers in making rational decisions, thanks to: 1) the possibility of measuring the impact of the expenditures, depending on the stage of the life cycle of the venture company, to the level of costs and the profitability of production; 2) the allocation of that part of the cost, which the managers may effect on.