ISSUES OF IMPROVING THE ACCOUNTING FOR INTELLECTUAL PROPERTY IN ACCORDANCE WITH THE REQUIREMENTS OF INTERNATIONAL FINANCIAL REPORTING STANDARDS.

Аннотация

This article provides extensive information on how important intellectual property is for a company, which are non-physical resources that hold value for a company. This article examines the recognition, valuation, and reporting of these assets in financial statements, emphasizing the difficulties in appropriately expressing their value because they are intangible. In particular, IAS 38, which offers recommendations for the recognition and value of intangible assets, is discussed in relation toaccounting rules and practices. Key words: intellectual property, intangible assets, know – how, patent, trademarks, goodwill, accounting standards, IAS 38.