Specific Features of Expenditures of Innovation Activity in Sugar Industry

The article analyses and justifies problems and conceptual directions of classification of expenditures of innovation activity in sugar industry. It states that one specific feature of innovation activity is the use of resources, which will pay back only in future, which justifies a necessity to study this category. It justifies features of distribution of expenditures by specific criteria on the basis of common properties and pattern of links between them. Multi-vector nature of the classification is directed at establishment of cause-and-effect relations between the value of expenditures and results of activity. The article considers main components of the target-costing and its advantages when compared to traditional systems of managing expenditures and justifies expediency of its introduction by enterprises of the sugar industry. The article shows that distribution of expenditures of innovation activity by various criteria in sugar industry should be conducted for each type of product with consideration of technological and organisational specific features of production. These expenditures have to be compared and corrected at the stage of planning and, as a result, form one strategy of carrying out innovation activity.