accounting for research and development costs

accounting for research and development costs

Accounting for research and development (R&D) activities is an area of divergence between U.S. Generally Accepted Accounting Standards (U.S. GAAP) and International Financial Reporting Standards (IFRS). Under U.S. GAAP, all R&D expenditures are charged to expense when incurred. According to...

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Veröffentlicht in:Review of business 2005-04, Vol.26 (2), p.42
Hauptverfasser: Gornik-Tomaszewski, Sylwia, Millan, Miguel A
Format: Artikel
Sprache:eng
Schlagworte:
Accounting policies
Business combinations
Comparative studies
Convergence
Costs
Exposure drafts
FASB statements
Financial accounting standards
GAAP
Intangible assets
International accounting standards
International Financial Reporting Standards
R&D
Research & development
Research & development expenditures
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Zusammenfassung:Accounting for research and development (R&D) activities is an area of divergence between U.S. Generally Accepted Accounting Standards (U.S. GAAP) and International Financial Reporting Standards (IFRS). Under U.S. GAAP, all R&D expenditures are charged to expense when incurred. According to IFRS, an intangible asset arising from development is recognized if specific criteria are met. Little progress has been achieved towards convergence on this issue. [PUBLICATION ABSTRACT]
ISSN:0034-6454