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Development at a cost essay


development at a cost essay

product (GDP) in Organization for Economic Cooperation and Development countries as its share in GDP increased by an average of nearly 2 percent annually in last 40 years. Specifically, accountants can choose to expense or capitalize R D cost on the base of diverse understanding of research and development activities, thus leading to profit manipulation. After consulting IAS 38, ssap 13 and sfas 2, our group made some advice on the development of an accounting standard for Research and Development (R D).

development at a cost essay

To begin with, expensing can be a conservative accounting treatment in normal company in which R D is not the prime activity, and it complies with the prudence concept which requires that costs to be written off to expense on the day they are acquired. Therefore, this short-term business development will certainly undermine the long-term interests. This will require financing. One benefit would be increased levels of consumption.

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Next, growth involves changes in production: both in terms of the goods produced and in terms of the techniques used and the skills required, the more rapid the rate of growth, the more rapid the rate of change. Evaluation, firstly, the definition of R D recommended by our group is superior to that is defined in IAS. Economic growth is defined as the sustained increase in real GDP or GNP per capita over time. Source: Essay UK -.php. In addition, our recommendation is more objective compared with IAS. People may thus find themselves unemployed, or forced to take low-paid, unskilled work. With economic growth there will be improvement in business expectations, leading to increase in investment. In the short run, therefore, higher growth leads to less consumption, not more. Furthermore, it is less time-consuming and more economic because it does not need to spend time on many complex items in IAS.Specifically, it has no need to identify R D activities, and do other treatment of capitalized development costs including revaluation, subsequent accumulated amortization.


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