Innowacje a międzynarodowe i amerykańskie standardy rachunkowości
Innovations in the light of International and US Accounting Standards

Summary/Abstract: The paper presents innovations in the context of accounting concepts and principles, particularly those contained in International Financial reporting Standards (IFRS) as well as US Generally Accepted Accounting Principles (US GAAP). Until today accounting hasn’t yet defined innovations as a part of an entity’s resources. They are still recognized as a part of either intangible assets or long-term tangible assets and are presented in a balance sheet as items of those categories. The first part of the paper includes some general assumptions, remarks and opinions of authors on the nature of innovations. The second part concentrates on the discussion of innovation elements of intangible assets in the IFRS and US GAAP. The final part of the paper analyses innovations as elements of long-term tangible assets in the IFRS and US GAAP.

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