Home  Journals  International Accounting  3(501) - 2023 March

Federal Accounting Standard FSBU 14/2022: Innovations in the amortization of intangible assets. Part 2

Received: 21 November 2022

Received in revised form: 10 January 2023

Accepted: 23 January 2023

Available online: 15 March 2023

Subject Heading: NATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: М41

Pages: 272–292

https://doi.org/10.24891/ia.26.3.272

Subject. This article deals with the issues of accrual of amortization of intangible assets in accounting, updated in connection with the approval of the Federal Accounting Standard FSBU 14/2022 – Intangible Assets.
Objectives. The article aims to identify changes in accounting legislation on the accrual of amortization of intangible assets in connection with the approval of the Federal Accounting Standard FSBU 14/2022 – Intangible Assets, highlight the sequence of actions when calculating amortization, and update the accounting policy.
Methods. For the study, we used the methods of analysis, systematization, comparison, generalization, and the analog approach.
Results. The article presents the results of a critical analysis of the approved Standard FSBU 14/2022 on the amortization of intangible assets and, taking into account the requirements of this Standard, offers an algorithm of actions in the process of calculating amortization, containing four stages. It also formulates elements of an accounting policy for the amortization of intangible assets that need to be clarified in connection with the beginning of the application of this Standard.
Conclusions and Relevance. The basic requirements for calculating the amortization of intangible assets contained in the Standard FSBU 14/2022 differ significantly from the previous Russian accounting rules and are close to international practices. The results obtained can be applied both in the theory and practice of accounting in relation to the amortization of intangible assets.

Keywords: amortization, intangible assets, useful life, item, elements of amortization, FAS FSBU 14/2022

References:

1. Druzhilovskaya E.S. [Innovations in the amortization of intangible assets and their impact on the valuation of accounting objects for commercial and non-profit organizations]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2022, no. 12, pp. 2−11. (In Russ.)
2. Druzhilovskaya E.S. [Analysis of the main innovations of FAS 14/2022]. Bukhuchet v zdravookhranenii = Accounting in Healthcare, 2022, no. 10, pp. 13−22. (In Russ.) URL: Link
3. Shinkareva O.V., Korobkova M.V. [Amortization of intangible assets: innovations of Federal Accounting Standard 14/2022 “Intangible assets”]. Bukhuchet v zdravookhranenii = Accounting in Healthcare, 2022, no. 10, pp. 23−30. (In Russ.) URL: Link
4. Belozerova T.G., Lugovskii D.V., Tkhagapso R.A. [Amortization of intangible assets: calculation and accounting]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika = Bulletin of Adyghe State University. Series 5: Economics, 2016, no. 3, pp. 81−86. (In Russ.)
5. Odakhovskaya D.A., Pechennikova G.G. [Accounting and tax accounting of fixed assets, intangible assets and depreciation for development and improvement of approaches to assessment of the company's assets]. Izvestiya Baikal'skogo gosudarstvennogo universiteta = Bulletin of Baikal State University, 2019, vol. 29, no. 1, pp. 113−122. URL: Link (In Russ.)
6. Abdokova L.Z., Abduev M.Kh. [Methods for calculating depreciation as a reserve for improvement financial resources]. Vestnik Akademii znanii = Bulletin of the Academy of Knowledge, 2019, no. 35, pp. 10−13. URL: Link (In Russ.)
7. Bubnov V.A., Odakhovskaya D.A., Pyatak A.A. [Tax accounting of an organization’s fixed assets]. Baikal Research Journal, 2022, vol. 13, no. 2. (In Russ.) URL: Link
8. Ovchinnikova O.A. [Amortization of intangible assets in oil and gas enterprises]. Fundamental'nye issledovaniya = Fundamental Research, 2015, no. 2-1, pp. 95−99. URL: Link (In Russ.)
9. Ogorodnikova T.V., Solomein A.A., Orlov V.E., Shipunova I.G. [Technical and economic assessment of the condition of fixed assets and the criterion of the validity of recovery investments]. Izvestiya Baikal'skogo gosudarstvennogo universiteta = Bulletin of Baikal State University, 2020, vol. 30, no. 1, pp. 89−99. (In Russ.) URL: Link.89-99
10. Druzhilovskaya T.Yu. [Intangible asset accounting outlook: Valuation and reporting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2022, vol. 25, iss. 11, pp. 1283−1306. (In Russ.) URL: Link
11. Druzhilovskaya T.Yu. [Prospects for accounting for intangible assets: Interpretation of the economic essence and conditions of recognition]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2022, vol. 25, iss. 10, pp. 1116−1138. (In Russ.) URL: Link
12. Elina L.A. [New in accounting for intangible assets]. Bukhgalterskii uchet = Accounting, 2022, no. 11, pp. 5−14. (In Russ.)
13. Shinkareva O.V., Evdokimova Yu.V. [Federal Accounting Standard 14/2022 “Intangible Assets”: Basic provisions]. Bukhuchet v zdravookhranenii = Accounting in Healthcare, 2022, no. 9, pp. 5−12. (In Russ.) URL: Link
14. Degtyarev A.V. [Methods for assessing intangible assets in the conditions of the digital economy]. Korporativnoe upravlenie i innovatsionnoe razvitie ekonomiki Severa: Vestnik Nauchno-issledovatel'skogo tsentra korporativnogo prava, upravleniya i venchurnogo investirovaniya Syktyvkarskogo gosudarstvennogo universiteta, 2022, vol. 2, iss. 2, pp. 256−262. (In Russ.) URL: Link
15. Kulikova I.V. [Intangible assets of the organization in the conditions of automation of the accounting process]. Upravlencheskii uchet = Management Accounting, 2020, no. 6, pp. 56−63. (In Russ.)
16. Lugovskii D.V., Meshlok E.A. [Topical issues of identification, classification and valuation of depreciable assets]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika = Bulletin of Adyghe State University. Series 5: Economics, 2020, no. 4, pp. 121−135. (In Russ.)
17. Murashova Yu.G., Kokoulina E.A. [Depreciation accounting policy: Content and approaches to its development]. Vestnik Permskogo universiteta. Seriya: Ekonomika = Perm University Herald. Economy, 2022, vol. 17, no. 2, pp. 245−261. (In Russ.) URL: Link
18. Levchenko N.E., Putyrskaya Ya.V. [Capital investments accounting in the context of ongoing legislative reforms]. Baikal Research Journal, 2022, vol. 13, no. 2. (In Russ.) URL: Link
19. Yarovova V.V. [Current aspects of accounting for intangible assets]. Vestnik obrazovatel'nogo konsortsiuma “Srednerusskii universitet”. Seriya: Ekonomika i upravlenie, 2020, no. 15, pp. 52−55. (In Russ.) URL: Link
20. Kopylova E.K., Kopylova T.I. [Federal Accounting Standard 6/2020: Disputable issues of using some aspects of depreciation of fixed assets]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2021, vol. 24, iss. 5, pp. 548−574. (In Russ.) URL: Link

View all articles of issue

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

Journal current issue

Vol. 27, Iss. 4 April 2024

Archive