Accounting for financing sources through business angels at the start-up stage of innovation projects

The article aims to analyze a specific model for accounting financing sources via Business Angels in the early stage of venture business development, particularly at the start-up phase of innovation projects. Utilizing an analytical research approach, methodologies based on theoretical, scientific, and empirical principles were employed, encompassing analysis and synthesis of scientific literature, comparative analysis, observation, induction, and deduction to scrutinize primary and secondary regulations for legislative compliance. The study formulated a hypothesis, justifying that accounting for financing sources through Business Angels in venture activity may entail peculiarities inherent to risk activities, spanning from recording financing-related costs to economic operations via appropriate accounting formulas. The model’s originality stems from aligning the accounting of innovations with the development stages and financing phases of innovation projects.