Research & development - Revision history

imported>Doug Williamson: Expand definition.

2023-01-23T13:23:32Z

Expand definition.

← Older revision		Revision as of 13:23, 23 January 2023
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	Relevant accounting standards include IAS 38 and Section 18 of FRS 102.		Relevant accounting standards include IAS 38 and Section 18 of FRS 102.

	US GAAP generally requires most research and development costs to be expensed, with exceptions including certain software expenditure.		US GAAP generally requires most research and development costs to be expensed, with limited exceptions including certain software expenditure.

2023-01-23T13:21:27Z

Expand to reference US GAAP treatment.

← Older revision		Revision as of 13:21, 23 January 2023
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	Financial ~~reporting standards~~ generally require all ''research'' costs to be expensed.		International Financial Reporting Standards generally require all ''research'' costs to be expensed.

	Certain ''development'' costs are capitalised.		Certain ''development'' costs are capitalised.
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	Relevant accounting standards include IAS 38 and Section 18 of FRS 102.		Relevant accounting standards include IAS 38 and Section 18 of FRS 102.

			US GAAP generally requires most research and development costs to be expensed, with exceptions including certain software expenditure.


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	* [[Intangible assets]]		* [[Intangible assets]]
	* [[Intellectual property]]		* [[Intellectual property]]
			* [[International Financial Reporting Standards]] (IFRS)
	* [[Proof of concept]]		* [[Proof of concept]]
	* [[Research]]		* [[Research]]
	* [[Reserve cash]]		* [[Reserve cash]]
			* [[Software]]
			* [[US GAAP]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2022-03-21T08:23:12Z

Expand definition - source - linked pages.

← Older revision		Revision as of 08:23, 21 March 2022
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	Discovering new knowledge about products, processes, services and applying this knowledge to create new and improved products, processes, and services to fulfill market needs.		Discovering new knowledge about products, processes, services and applying this knowledge to create new and improved products, processes, and services to fulfill market needs.


			The phases of a project generally include:

			:(1) Research.

			:(2) Development.

			:(3) Commercial production or use of the new or improved items in the market.


			Financial reporting standards generally require all ''research'' costs to be expensed.

			Certain ''development'' costs are capitalised.


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	== See also ==		== See also ==
	* [[Capitalise]]		* [[Capitalise]]
			* [[Development]]
	* [[Expense]]		* [[Expense]]
	* [[FRS 102]]		* [[FRS 102]]
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	* [[Intellectual property]]		* [[Intellectual property]]
	* [[Proof of concept]]		* [[Proof of concept]]
			* [[Research]]
	* [[Reserve cash]]		* [[Reserve cash]]

2021-06-03T11:20:20Z

Add link.

← Older revision		Revision as of 11:20, 3 June 2021
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	* [[Intellectual property]]		* [[Intellectual property]]
	* [[Proof of concept]]		* [[Proof of concept]]
			* [[Reserve cash]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2021-03-06T21:40:23Z

Add link.

2020-04-24T22:12:39Z

Add link.

2020-04-24T22:11:15Z

Expand for IAS 38.

← Older revision		Revision as of 22:11, 24 April 2020
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	Relevant accounting standards include Section 18 of FRS 102.		Relevant accounting standards include IAS 38 and Section 18 of FRS 102.


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	* [[Capitalise]]		* [[Capitalise]]
	* [[FRS 102]]		* [[FRS 102]]
			* [[IAS 38]]
	* [[Ideation]]		* [[Ideation]]
	* [[Intangible assets]]		* [[Intangible assets]]

2020-04-24T21:55:40Z

Add link.

2020-04-24T12:56:34Z

Add link.

← Older revision		Revision as of 12:56, 24 April 2020
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	* [[FRS 102]]		* [[FRS 102]]
	* [[Ideation]]		* [[Ideation]]
			* [[Intangible assets]]
	* [[Proof of concept]]		* [[Proof of concept]]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:The_business_context]]
			[[Category:Corporate_finance]]
			[[Category:Investment]]

2019-04-02T13:23:18Z

Add links.