2) the cost of creating an intellectual product may vary hundreds of times, and the
cost of replicating it goes to zero;
3) temporary nature - for newly created products, the increment to the average
price is valid until there is a monopoly on the production of these products. With the
development of the release of this product by other entities, the increment to the
average price decreases, and with the advent of competition - completely disappears,
and, consequently, the IR disappears.
If an entity cannot be recognized as innovative, the IR will be identified by the
following features:
1) the factor of production is the knowledge, skills, abilities, which are specific,
rare, inexhaustible resources, and are not alienated from the owner;
2) the manufacturer is an "intellectual" employee, whose maintenance requires
significant material costs;
3) the result of the activity of the "intellectual" employee (the product) will be the
effective use of information resources, electronic networks and the formation,
construction and effective operation of the organizational structure, effective
management, business reputation, relations with clients, the ownership of which cannot
be alienated from the intellectual worker;
4) the results of an "intellectual" employee's activity cannot be sold on the market,
but it increases sales, respectively, the income and profit of the entity.
The listed features should be the basis of the organization of IR accounting.
At the enterprise level, accounting of rent is necessary for the effective
management of the enterprise. That is, the owner or user of resources, which receives
high rental income from a certain type of resources, will not invest extra funds in
improving these resources, but will spend on improving other types of resources that
are worse than their properties and do not generate income (rents). Thus, the rent should
become the subject of accounting in order to generate information for managing the
indicated income. However, most entrepreneurs do not understand the importance of
this indicator and cannot allocate rental income from the total income. The difficulty
is in determining the amount of rent from a particular fact of economic life. Solving
these problematic issues will eliminate information uncertainty in managing income of
the entity.
The starting point of accounting for transactions related to IR is the definition of
accounting objects. IR is an income derived from the use of intellectual abilities. Based
on the above, the main object of accounting in this case is income. However, it should
be noted that IR as an income is closely related to intangible resources, on the basis of
which this income occurs.
Before exploring the accounting issues of IR, it is necessary to clearly identify its
constituent elements.
Some researchers [36] hold that income on the IC can be divided into absolute
(net) and differential rent. The category of absolute rent income follows from the
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