The cost of accounting for innovation

This article deals with the problem of accounting for the cost of innovation. It gives a detailed analysis of the characteristic features of accounting for the costs of introducing new technologies that affect the level of business activity and the competitiveness of the company and the country as a whole. In this article are discussed the need to use special accounts to account for the cost of innovation. In conclusion the authors offer to conduct more detailed accounting with consideration of individual subaccounts of main accounts, which contributes to a more in-depth study of the specifics of the activities of a company.