Home  Journals  International Accounting  8(140) - 2010 July

Use of active management accounts on internal accounts innovation activity in vertical integrated structures

Available online: 20 July 2010

Subject Heading: PROBLEMS OF ACCOUNTING

JEL Classification: 

Major Innovation Company has to use active management accounts with the aim of control and analysis of cost structure of innovation project. Peculiarity of organization system of management accounting in such companies depends on a quantity of Divisions, which carry out different types of activities. This results in necessity of account 79 «Intracompany accounts» application. This account is considered to be account-screen. In companies organized on the base of vertical integration with the help of account 79 «Intracompany accounts» cost collected from Division including cost from accounts 31-35 shall be transferred to financial accounting system of Company.

Keywords: science intensive company, innovation activity, intracompany accounts, service organization development, management accounts, research and development, intangible assets, account-screen

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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