Model of Accounting of Formation and Updating of Value Added on Stages of Creation of an Innovative Product

DOI

10.2991/iscfec-19.2019.78How to use a DOI?

Keywords

innovation, value, value added, innovative product, model.

Abstract

Today, in conditions of unstable financial and economic business environment, there is not always sufficient normative and legal regulation to implement innovative projects. The process of development of innovative industries that promote the growth of competitiveness indicators among developers and researchers in this field determines the need to consider and assess the value added of innovative products. The paper substantiated the choice of the value-added index for in-depth study and the model development, and proved that, to a greater extent, it allows to assess the enterprise’s real contribution to the formation of the product value, reflects the final results of organization’s activities, taking into account the resources spent on developing and manu-facturing innovative products, the influence of risk factors, as well as the state of the external and internal environment. In the framework of research in the innovation sphere, the authors iden-tified the main stages of creating an innovative product, consider-ing the specific economic conditions of management of Russian enterprises. In addition, they developed and characterized an accounting model of forming and updating value added by stages of creating an innovative product. It was proved that the account-ing procedures for the value added index should be carried out at each stage of its formation and updating, which will allow innova-tive enterprises with each new project to improve the efficiency and effectiveness of financial and economic activities, as well as their own investment attractiveness for potential foreign and Rus-sian investors.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - L.V. Popova
AU  - N.G. Varaksa
AU  - S.A. Alimov
PY  - 2019/05
DA  - 2019/05
TI  - Model of Accounting of Formation and Updating of Value Added on Stages of Creation of an Innovative Product
BT  - Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)
PB  - Atlantis Press
SP  - 277
EP  - 280
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-19.2019.78
DO  - 10.2991/iscfec-19.2019.78
ID  - Popova2019/05
ER  -