Senchuk T. Accounting and Internal Control of Research and Development Expenditures

The thesis is devoted to the improving of theoretical and methodological foundations and also to the developing practical recommendations of accounting and internal control of research and development expenditures in order to make better the managing system of enterprise innovation expenditures. The economic essence of expenditures on research and development is investigated in the dissertation research. The author's own definition of "research and development expenditures" is provided, which gives an opportunity to identify them clearly from other enterprise expenditures, to understand their importance and to construct an adequate and effective system of accounting and control. The characteristic features of the processes of research and development are systematized, taking into account the existing technological and operational processes. It is proved that the construction of accounting and internal control should be made taking into account the worked out classification of research and development expenditures, which will give an opportunity to carry out effective grouping of information according to the industry characteristics of the investigated enterprises and the peculiarities of the implemented stages. It is investigated that a systematic approach to manage the research and development expenditures helps to solve scientific and practical problems of accounting and control methodology.