Methodological principles of accounting of enterprise innovation activity

The subject of the study is the methodological principles of accounting for the innovative activity
of the enterprise.
The purpose of the study is the accounting of operations of innovative activity of the enterprise.
Research methods. The dialectical method of scientific knowledge, method of analysis and
synthesis, comparative method, method of generalization of data are used in the work.
Results of work. The paper describes the directions of using the Innovative Development Fund for
covering the cost of innovation. Possible options of using the sources of coverage of innovation activity
are presented and options of accounting of expenses in the process of innovation are offered.
Conclusions. In order to ensure the uninterrupted financing of innovation activities, the necessity
of using the Innovation Development Fund for covering the cost of innovation in the following areas
has been determined: 1) R&D performed in accordance with the objectives of national and sectoral
programs; 2) scientific technical projects of major developments on social problems and creation
of new technologies, machines and materials; 3) works on technological preparation of production
related to the development of fundamentally new types of high–tech products. Sources of formation of
the fund are determined taking into account the specific activity of the enterprise due to: 1) production
costs; 2) expenses of future periods; 3) retained earnings.