Improving the Methodical Maintenance of Accounting of R&D in the Enterprise

Abstract

The article is devoted to the development of theoretical provisions and practical recommendations for improving the organization of accounting for expenses at stages of innovation activity and reflecting its results in reporting. First of all, the article focuses on improving elements of methodological support for accounting for expenses and results of R&D, which is an urgent task for implementing goals of sustainable development of economic structures, including in the process of creating innovative products in the direction of a given market vector. It is important to note that the existing regulatory framework for accounting (R&D), which does not allow defining a clear boundary between the concepts of “research” and “development” and regulates only the final result of these works. This leads to a distortion of formation of information about R&D expenditures and an unreliable monetary measurement of their results. In addition, the current practice still has open problems with application of international accounting standards, which negatively affects the attraction of foreign investors. As part of improvement of reporting on expenditures and results of R&D, a methodology for forming indicators of accounting financial statements on R&D is proposed, and aspects of forming an accounting and information base on expenditures and results of R&D for statistical reporting are disclosed.