Importance In the context of the Russian economy reorientation to the innovation sources of development, the innovation activities of organizations assume a prominent position. In particular, the disclosure of information on innovation in accounting and statistical reporting becomes an important element of the report. The cost of innovation is one of the most important indicators for research and political purposes. The cost of innovation gives an idea of the dynamics of an entity's innovation activities, and it is also necessary for these activities' effectiveness assessment. The information on cost funding sources demonstrates the role of the State, the banking sector and the international cooperation in the field of innovation. Accounting records can provide the most reliable, complete and qualitative data on the costs of innovation. However, financial statements do not usually highlight such information. This fact complicates the identification of the said indicator. Objectives The purpose of the paper is to analyze the requirements of regulatory documents of the RF Ministry of Finance and the Federal State Statistics Service to innovation costing in financial and statistical reports and the possibility of using accounting data for this purpose. Methods While making a comparative analysis of the regulatory documents, I have found out that there are different rules for innovation costs generation in these two types of reporting. Results I have defined the problems of using accounting data in statistical reports, i.e. the absence of innovation activity types as an object of cost accounting in the accounting data; separate records of operating and capital expenditures in accounting statements and their aggregation in statistical reporting; the use of an accrual method or a cash method of accounting; in corporation of value added tax in costs. Relevance In order to solve these problems, I suggest using the dedicated accounting registers to obtain the required data for statistical reports.
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