Accounting for Research and Development
Learn the GAAP rules for R&D costs, so that you can record them correctly and avoid costly reporting errors. This course explains when to expense R&D, when to capitalize assets with alternative future uses, and how to handle software, intangibles, funded arrangements, repayment obligations, disclosures, and internal controls. You will move from core principles to complex transactions in a practical sequence that helps you apply the rules in real accounting situations.
Format
PDF Course
Course Lists
Duration
2 Hours
Course Information
Author: Steven Bragg
Course number: AC1183
Learning Objectives
Recognize which activities are defined as research and development (R&D).
- Recall the accounting treatment of payments for future R&D services.
- Recognize how to account for the development of software for R&D activities.
- Specify how to account for warrants issued in an R&D funding arrangement.
- Recall how to account for materials purchased for R&D activities.
- Recognize the internal controls that can be used for the R&D function.
- Recall the proper accounting treatment for overhead costs in an R&D setting.
- Recognize how to present an R&D funding repayment obligation on the balance sheet.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: April 2026
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
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