Accounting for research and development and software cost
R&D activities is an area in accounting theory which generates a lot of controversies. The rules currently governing accounting for R&D is not firm in its foundation and are subject to a lot of criticisms. R&D activities in Singapore have grown in significance as our economy starts emp...
Saved in:
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2015
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/63533 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | R&D activities is an area in accounting theory which generates a lot of controversies. The rules currently
governing accounting for R&D is not firm in its foundation and are subject to a lot of criticisms.
R&D activities in Singapore have grown in significance as our economy starts emphasising the
importance of high technology activities and information technology.
The issue of- what is the best treatment for R&D costs as well as the proper treatment for software
development cost will inevitably arise again. This is because the current standard that we have for
Accounting for R&D, SAS 9, is not specific enough and we do not have any guidelines regarding the
treatment of software development cost. |
|---|