Analysis of the efficiency of company’s intangible assets management

Abstract

© 2019, Research Trend. All rights reserved. The article compares accounting and valuation of intangible assets in Russian and international practice. We provide recommendations to assure accurate information for analysis of intangible assets (hereafter, IA) in a company’s financial statement. We consider existing methodology for analyzing the efficiency of the use of IA in the scientific literature. We introduce the calculation method for companies which independently develop intangible assets. Calculations are made using data of the company which operates in more than 70 regions of Russia, as well as the CIS countries. The main short comings of accounting process are revealed. We suggest main instruments for increasing the efficiency of the use of IA, which can be applied to business entities, regardless of the type of their activity. The suggested approach makes a certain contribution to the development of methods to analyze the efficiency of the use of intangible assets, which will allow making sustainable management decisions in order to ensure growing performance through the active use of intangible assets.