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What is the required accounting treatment for research and development costs?
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Which of the following statements is not true with regard to international accounting standards for research and development costs?
Some countries require research costs to be expensed and development costs to be capitalized
When was Journal of Accounting Research created?
Journal of Accounting Research was created in 1963.
Nature and scope of management accounting?
The scope of management accounting is to aide management of a particular company with enough information to take critical decisions. Nature of management accounting includes coverage of day to day expenses, research and development, and current market scenario.
What accounting concept relates to reporting Intellectual Abilities as an asset?
In any research and development driven company the intellectual property will be labelled as an asset once patents or copyrights can be applied. There is no specific accounting concept tied to this.
Is research development cost direct or indirect cost?
Research and development cost is indirect cost as this cost is not directly required to manufacturing the production units and that’s why always an indirect cost.
Which of the following statements is not true with regard to international accounting standards for research and development costs?
Some countries require research costs to be expensed and development costs to be capitalized
Departments of a typical business?
Sales and Marketing Financial or Accounting Research and Development Human Resources Operations or Production
When was Contemporary Accounting Research created?
Contemporary Accounting Research was created in 1984.
When was Journal of Accounting Research created?
Journal of Accounting Research was created in 1963.
Why should managers be acquainted with research and development?
Managers should be acquainted with research/development because development is how businesses survive, and research is required for this to happen. I'm the owner of several businesses, and I constantly am researching my competitors. I wouldn't be able to compete if I didn't understand my competition.
Nature and scope of management accounting?
The scope of management accounting is to aide management of a particular company with enough information to take critical decisions. Nature of management accounting includes coverage of day to day expenses, research and development, and current market scenario.
What has the author Hermann Smalian written?
Hermann Schmalenbach was a German economist known for his work on accounting and business management, particularly the development of cost accounting systems. His research has had a significant impact on the field of management accounting.
What accounting concept relates to reporting Intellectual Abilities as an asset?
In any research and development driven company the intellectual property will be labelled as an asset once patents or copyrights can be applied. There is no specific accounting concept tied to this.
Is research development cost direct or indirect cost?
Research and development cost is indirect cost as this cost is not directly required to manufacturing the production units and that’s why always an indirect cost.
What is accounting research?
Accounting research is research that will help accountants understand the meaning of what they do. They could research different cost approaches to get a better idea of what will work best for the organization.
Is research and development an asset or liability?
International Accounting Standard 38 para 54 states that research must not be accounted for as an asset but rather expensed to the income statement. Paragraph 57 of the same standard allows development to be classed as an asset under certain conditions.
What are some examples of topics for a research proposal concerning the accounting field?
what are some research proposals topics in accounting and finance
