Research & Development expenditure under the context of the IAS 38
Marwan Wahab Muhammad
marwan.muhammad@cihanuniversity.edu.iq
Abstract- By the development of globalization, the established business typical is no longer sufficient for the evolution of the society and business. Research and development (R&D) are one of the significant and important things in the company’s life. However, it has a big role to help and maintain the business activities. Yearly, the globe companies spend millions of dollars to expand and renew their products in the competitive market. Furthermore, research and development expenditure can be expensed as whole when incurred or partly capitalized or mix between them, because it depends on the accounting standard in a place of R&D. Therefore, this seminar aims to analyze the accounting remedy for the Research and development expenditure based on the International Accounting Standard (IAS 38). This theory introduces when the expenditure is a Research or development, and when the R&D would be charged for the capitalized or expenses, which indirectly contribute to increase the intangible asset and the market value of the company
Keywords- R&D, Accounting, IAS 38, Capitalize, Innovation
Date: 04/01/2018
Place: Department of Accounting