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International Accounting
 

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

Vol. 26, Iss. 3, MARCH 2023

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: 41

Pages: 272292

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

Ekaterina K. KOPYLOVA Institute of Management and Finance, Baikal State University, Irkutsk, Russian Federation
kopylovaek@gmail.com

ORCID id: not available

Tat'yana I. KOPYLOVA Institute of Management and Finance, Baikal State University, Irkutsk, Russian Federation
kopylovati@bgu.ru

ORCID id: not available

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

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