SPECIAL ASPECTS OF ACCOUNTING THE FACTS OF GRANTING RIGHTS TO THE USE OF INTANGIBLE ASSETS
Intangible assets are one of the key resources of the digital economy. At the same time, in this economic category, accounting remains one of the most problematic and complex in the Russian and international accounting systems.
The paper discusses the problems of accounting for intangible assets, in particular, the issues of regulating the operations related to the granting of rights for the use of intangible assets (IA). In recent years, the share of license agreements/franchising agreement has been considerably increasing. Thus, the transactions with the granting of rights for the use of IA objects began to play a significant role in increasing the profitability of companies. This study seems to be important due to the imperfection of the legislative framework for intangible asset accounting. The question of documenting these operations remains unresolved so far, which is important in resolving litigations.
The Regulation on Accounting 14/2007 “Accounting for intangible assets” does not provide detailed recommendations on synthetic accounting of transactions for the transfer of rights for the use of intangible assets. In this regard, the authors have developed and proposed the acts of acceptance and transfer of rights to use the IA objects. These acts are necessary for continuous accounting and perpetual inventory to monitor the movement of objects, analyze the profitability of each type of a contract, and resolve legal disputes.
A controversial point is the recognition of revenues and expenses in transactions related to making IA objects available for use. According to the findings of the research, the authors propose to keep account of the income as a part of other earnings.
Furthermore, the paper presents a scheme of accounting records for accounting operations under license agreements and franchising agreements using account 06 “Intangible assets transferred for use”. Recommendations are given on the recording of the received IA objects by the user-organization.