Research and development

Mike Davies, Ron Paterson and Allister Wilson
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Mike Davies: Ernst & Young
Ron Paterson: Ernst & Young
Allister Wilson: Ernst & Young

Chapter Chapter 9 in UK Gaap, 1992, pp 567-585 from Palgrave Macmillan

Abstract: Abstract There are essentially four possible methods of accounting for research and development expenditure. These are as follows: (a) charge all costs to expense when incurred; or (b) capitalise all costs when incurred; or (c) capitalise costs when incurred providing specified conditions are fulfilled and charge all others to expense; or (d) accumulate all costs in a special category distinct from assets and expenses until the existence of future benefits can be determined. Each of the above is considered in turn.

Keywords: Development Activity; Balance Sheet; Development Cost; Fixed Asset; Future Benefit (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12998-0_9

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DOI: 10.1007/978-1-349-12998-0_9

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