Search results
The objective of this Standard is to prescribe the accounting treatment for research and development costs. The primary issue in accounting for the costs of research and development activities is whether such costs should be recognised as an asset or as an expense.
- Financial Reporting Standard 201 (2004) Property Development Activities
Costs relating to property development activities can be...
- Financial Reporting Standard 201 (2004) Property Development Activities
Property development costs shall comprise all costs that are directly attributable to development activities or that can be allocated on a reasonable basis to such activities.
This article explains the accounting treatment for research and development (R&D) costs under both UK and International Accounting Standards. Both UK and International Accounting Standards recognise the importance of accounting for R&D, but take a different viewpoint as to the method used. WHY SPEND MONEY ON R&D?
Initial recognition: research and development costs. Charge all research cost to expense. [IAS 38.54] Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established.
MASB - Malaysian Accounting Standards Board
Costs relating to property development activities can be divided into: (a) costs associated with the acquisition of land; (b) costs related directly to a specific property development activity;
In April 2001 the International Accounting Standards Board (Board) adopted IAS 38 Intangible Assets, which had originally been issued by the International Accounting Standards Committee in September 1998. That Standard had replaced IAS 9 Research and Development Costs, which had been issued in 1993, which itself replaced an earlier version
