Issues of accounting for intangible assets under the new standard at the stage of their identification

Abstract

Subject. Since 2024, the new Federal Accounting Standard (FSBU) 14/2022 – Intangible Assets is mandatory. This article examines the categorical framework of this Standard, as well as the past and international standards in comparison with legal norms. Objectives. The article aims to identify the types of intangible assets to be accounted for in accordance with the new Standard, based on the essence and generic features, the legal content of the types of intangible assets mentioned in the accounting standards in order to identify them, based on their importance in generating economic benefits and participating in the processes of the organization. Methods. For the study, we used the general scientific methods of cognition, a systems approach, logical generalization, analysis and synthesis, and analogy. Results. The study shows that the new Standard is not much different from the old one in terms of defining categories. In contrast to the international similar standard, the domestic standard lacks detailed explanations that are essential for identifying costs as expenses of the period or intangible assets. Conclusions and Relevance. For the reasonable recognition of intangible assets in accounting, it is necessary that the Standard takes into account the norms of the Civil Code of the Russian Federation and other laws that make it possible to distinguish between generic and essential features of intangible assets, which are the results of intellectual activity and means of individualization. The presented results are intended to further develop the methodology and practice of accounting for intangible assets of organizations.