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Financial Analytics: Science and Experience
 

Measurement of Research & Development results

Vol. 10, Iss. 1, JANUARY 2017

PDF  Article PDF Version

Received: 2 December 2016

Received in revised form: 7 December 2016

Accepted: 21 December 2016

Available online: 17 January 2017

Subject Heading: ASSESSMENT AND APPRAISAL ACTIVITIES

JEL Classification: М41

Pages: 49-56

https://doi.org/10.24891/fa.10.1.49

Sitnikova V.A. Financial University under Government of Russian Federation, Moscow, Russian Federation
sitnikova_vak@mail.ru

Importance The article investigates the issue of evaluating R&D results in accounting and financial reporting. Whereas regulatory documents fail to set forth unambiguous standards, it is very important for entities to measure these items.
Objectives The research scrutinizes various reasons for determining the most appropriate method to measure R&D results for accounting purposes and disclose them respectively in financial statements.
Methods Analyzing and comparing requirements of regulatory documents, I unveil approaches to measuring R&D that exist in accounting practices, and prospects of such measurements.
Results I substantiate the need to apply a common approach to corporate assets measurement by improving the regulatory system of rates and generating reliable information on R&D results.
Conclusions and Relevance I conclude that in the current circumstances R&D results should be assessed by total costs incurred to perform those R&D before laws-makers find a solution to regulatory improvements that would set up uniform approaches to recognition of various items for accounting purposes. Capitalization of costs is considered a promising option at the R&D stage only, which will be very frequent due to changing regulatory requirements. The article will prove useful for accounting specialists in taking more reasonable decisions on a certain approach to R&D measurements.

Keywords: R&D, evaluation, research, development, design, experiment

References:

  1. Plotnikov V.S., Plotnikova O.V. [For the development of the conceptual framework of accounting]. Auditor, 2014, no. 9, pp. 52–61. (In Russ.)
  2. Ilyushechkin A.V. Nezavisimaya garantiya ispolneniya obyazatel'stv v bukhgalterskom uchete [Independent performance guarantee in accounting]. Available at: Link. (In Russ.)
  3. Krutyakova T.L. Godovoi otchet 2015 [The 2015 report]. Moscow, AiSi Grupp Publ., 2015, 544 p.
  4. Godovoi otchet 2015 [The 2015 annual report]. Moscow, Mezhdunarodnoe agentstvo bukhgalterskoi informatsii Publ., 2015.
  5. Zakhar'in V.R. [Financial reporting for the year]. Ekonomiko-pravovoi byulleten' = Economic and Legislative Bulletin, 2014, no. 1.
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ISSN 2311-8768 (Online)
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