Importance Innovative development of the Russian economy is one of the definite priorities for the State. It is corroborated with statistical data and an increasing interest of the scientific community to this issue. The process slows down due to the insufficient quality of data on how innovative projects are implemented at the corporate level. Objectives The research aims at formulating the comprehensive system for recognizing innovation costs in accounting records. Methods The research focuses on regulatory documents on financial and management accounting, international standards in innovative activities, scientific sources of national and foreign authors. I apply an analysis, synthesis, grouping and generalization of various scientific stances and legislative requirements. Results The article proposes an option for accounting of costs incurred for commercializing R&D results and splitting them into the current expenses, capital expenditures, and deferred expenses. I emphasize the specifics of cost accounting items that will be satisfactory for information needs of innovative projects. The research presents and describes a pattern for accounting costs for commercializing R&D results that allows extracting an innovative component of the cost of products. The article also mentions the main accounting entries that correspond with the said pattern, and clarifies how deferred expenses for innovative activities originate and how they should be derecognized. Conclusions and Relevance As for strengths of the proposed accounting procedure, it eliminates weaknesses of the 'boiler' cost accounting. Furthermore, it ensures the accuracy and timeliness of information provided and estimation of the cost of innovative products. The results of the research may be applied to set up the process of accounting costs for commercializing R&D results in entities manufacturing innovative products.
Demina I.D. Problemy otrazheniya v bukhgalterskom uchete i bukhgalterskoi (finansovoi) otchetnosti kommercheskikh organizatsii zatrat na innovatsii i modernizatsiyu proizvodstva [Issues of recognizing costs for innovation and production refurbishment in accounting records and financial reporting of profit-making entities]. Bukhgalterskii uchet v izdatel'stve i poligrafii = Accounting in Printing and Publishing Business, 2014, no. 3, pp. 11–16.
Neelova N.V. Zatraty na innovatsii v bukhgalterskoi i statisticheskoi otchetnosti organizatsii [Innovation costs in financial and statistical reporting of organizations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 33, pp. 43–54.
Basalaeva E.V. Strategicheskii bukhgalterskii uchet i ekonomicheskii analiz kak osnova budushchego finansovoi analitiki [Strategic accounting and economic analysis as a basis for the future of financial analysts]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, no. 17, pp. 13–20.
Gumerova G.I., Shaimieva E.Sh. Osnovnye prioritety innovatsionnogo razvitiya predpriyatiya na primere tekhnologicheskikh innovatsii [The main priorities of corporate innovative development with the case study of technological innovation]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2009, no. 6, pp. 44–52.
Filin S.A., Malakhova O.V. Obespechenie organizatsii informatsiei i znaniyami v zavisimosti ot urovnya ikh innovatsionnogo razvitiya [Furnishing the entity with information and knowledge in line with the level of innovative development]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2012, no. 39, pp. 2–14.
Rukovodstvo po sboru i analizu dannykh po innovatsiyam (Rukovodstvo Oslo) [Guidelines for collecting and interpreting innovation data (Oslo Manual)]. Moscow, TsRNS Publ., 2010, 107 p.
Frascati Manual. Proposed Standard Practice for Surveys on Research and Experimental Development. The Measurement of Scientific and Technological Activities Series. Paris, OECD, 2002.
Mizikovskii E.A., Mizikovskii I.E. Proizvodstvennyi uchet [Production accounting]. Moscow, Magistr Publ., 2010, 272 p.
Mizikovskii I.E., Miloserdova A.N. Integrirovanie svedenii ob intellektual'nykh zatratakh organizatsii v sistemu ob"ektov upravlencheskogo ucheta [Integrating intellectual cost data into the system of accounting items]. Vestnik Nizhegorodskogo universiteta im. N.I. Lobachevskogo = Vestnik of Lobachevsky State University of Nizhny Novgorod,2012, no. 3-1, pp. 231–234.
Mizikovskii I.E., Miloserdova A.N. Ob"ektivizatsiya zatrat na formirovanie i ispol'zovanie intellektual'nogo kapitala v innovatsionnoe prostranstvo upravlencheskogo ucheta [Objectifying costs for constructing and using intellectual capital in management accounting]. Vestnik Nizhegorodskogo universiteta im. N.I. Lobachevskogo = Vestnik of Lobachevsky State University of Nizhny Novgorod, 2013, no. 3, part 1, pp. 286–288.
Mizikovskii E.A., Abubakirova K.N. Upravlenie investitsiyami: uchet i audit [Investment management: accounting and auditing]. Auditorskie vedomosti = Audit Journal,2011,no. 8, pp. 64–71.
Gol'dshtein G.Ya. Innovatsionnyi menedzhment: monografiya [Innovation management: a monograph]. Taganrog, Taganrog Radio Engineering University Publ., 2009, 265 p.
Vakhrushina M.A. Bukhgalterskii upravlencheskii uchet [Management accounting]. Moscow, Omega-L Publ., 2007, 570 p.
Kal'kulyatsiya sebestoimosti produktsii v promyshlennosti [Calculating the cost of production in the industry]. Moscow, Finansy i statistika Publ., 1989, 279 p.
Kerimov V.E. Upravlencheskii uchet [Management accounting]. Moscow, Dashkov i K Publ., 2007, 480 p.
Kemaeva S.A., Kravchenko V.S. Osobennosti formirovaniya uchetnoi politiki v malykh innovatsionnykh predpriyatiyakh [The specifics of formulating accounting policies in small innovative businesses]. Audit i finansovyi analiz = Audit and Financial Analysis, 2014, no. 2, pp. 18–26.
Middleton D. Bukhgalterskii uchet i prinyatie upravlencheskikh reshenii [Accounting and Financial Decisions]. Moscow, YUNITY-DANA Publ., 2007, 245 p.
Rubtsova E.M. PBU 17/02 “Uchet raskhodov na nauchno-issledovatel'skie, opytno-konstruktorskie i tekhnologicheskie raboty”: granitsy primeneniya [PBU 17/02 Accounting of costs for R&D, experimental, engineering and technological work: application scope]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2015, no. 1, pp. 500–508.
Horngren Ch.T., Foster G., Datar S.M. Upravlencheskii uchet [Cost Accounting: A Managerial Emphasis]. St. Petersburg, Piter Publ., 2008, 1008 p.
Rubtsova E.M. Sostav zatrat na kommertsializatsiyu nauchno-tekhnicheskikh rezul'tatov [The composition of costs for the commercializing scientific and technological results]. Available at: Link. (In Russ.)
