The USV Annals of Economics and Public Administration, Vol 11, No 1

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Accounting treatment for R&D activities in accordance with ifrs and romanian legislation

Iuliana Oana Mihai, Camelia Mihalciuc, Cosmin Mihai


In this paper, we will consider the accounting treatment of research and development expenses as operating expenses or intangible assets. The treatment of R&D activities has been a subject of particular controversy internationally. While there is general (but not universal) agreement that research does not give rise to intangible values that can be recognized as assets, there still a disagreement as to whether development may do so subject of to certain criteria. IFRS/IAS does not contain any specific regulations for the accounting treatment of R&D activities. Instead, the general regulations relating to reporting intangible assets are to be applied in this case. The ways of reporting intangible assets are dealt with in particular in the following standards: IAS 38 Intangible assets, IFRS 3 Business combinations, IAS 36 Impairment of assets.

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                     Ştefan cel Mare University of Suceava                   Faculty of Economics and Public Administration


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