Some aspects of the accounting for trademarks

This paper is focused on the accounting of operations on creation, acquisition and use of trademarks. Article 1477 of the Civil Code in Russian Federation defines the trademark as designation which serves for an individualization of goods. For accounting and tax trademarks belong to intangible assets. Legal protection of trademarks in Russian Federation is provided by its state registration or by owing to international treaties. During the state registration the certificate on the trademark is granted. It certifies a trademark priority, an exclusive right to the trademark concerning the goods specified in the certificate. The owner has the right to use the trademark and to forbid use of the trademark by other persons. Nobody can use the trademark protected in the Russian Federation without the permission of the owner. Important stage in the accounting of intangible assets is their subsequent assessment. In practice, the company after an initial assessment of trademarks consider them on a method of expenses and revaluations don't carry out as it is too labor-consuming and expensive procedure. Authors note the problem of revaluation connected with impossibility in the domestic account to overestimate trademarks because of absence in Russia of the active market of intellectual property. The priority of domestic trademarks are unique. Authors show two ways of trademark's transfer: a concession of an exclusive right to the trademark and providing the license for its use.

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