FSB 14/2022 "Intangible assets": new in accounting

Intangible assets are a very specific asset that requires in-depth knowledge for accounting, the importance of these assets has also been enhanced by the fact that from 01.01.2022 a new standard of the Federal State Budgetary Standard 14/2022 "Intangible Assets" was issued, the requirement of which became mandatory for application from 01.01.2024. The article examines the content of the new standard, its features, innovations that the accountant will have to face already this calendar year, draws analogies with the previous standard, with international ones, examines the features of reporting in 2024 and reflecting information about intangible assets in it. In conclusion, options for the transition to a new standard by commercial organizations are pre-set. The information may be useful for students of economics and practicing accounting professionals.