Methods of financial assessment of the intellectual assets of an enterprise and features of their reflection in accounting

Modern common accounting methods have been created and improved over the years; nevertheless, finding methods for their improvement still remains relevant. Thus, in the work it was decided to evaluate one of the important components of accounting for many enterprises in Azerbaijan, namely the assessment and display of intellectual assets, as well as to propose methods for their improvement based on the experience of other countries. Therefore, the purpose of the work is to find the shortcomings in the valuation of intellectual assets existing in the modern accounting system of the country and offer them an alternative or an opportunity for improvement. The main method in the study was analysis, since during the work the primary processing of significant amounts of data was carried out. Other methods can also be noted, namely comparison, historical, induction and others. Thus, some methods of valuation of intellectual assets at Azerbaijani enterprises were evaluated in the work. It has been shown that the most commonly used are the historical method of valuation, as well as fair value. Subsequently, a much larger number of them were described, proposed by other scientists and referred to under other reporting standards. In addition, the features of the process of subsequent revaluation of intellectual assets are indicated, as well as the corresponding entries that the accountant must make, depending on some variables. The work brings new knowledge for the formation of the basic principles of accounting, in particular in the context of intellectual assets and their display in statements