Assessment of the Recognition for Research and Development Costs as Intangible Assets
The paper studies the accounting of recognition of research and development costs as intangible assets of Lithuanian companies. This study aims to reveal the possibilities of recognizing research and development costs as intangible assets in accounting. The biggest problem arises when the company it...
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| Format: | Article |
| Language: | English |
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Šiaulių valstybinė kolegija / Šiauliai State Higher Education Institution
2022-12-01
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| Series: | Taikomieji Moksliniai Tyrimai |
| Subjects: | |
| Online Access: | https://ojs.svako.lt/TMT/article/view/71 |
| _version_ | 1797702827667095552 |
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| author | Rita Bužinskienė |
| author_facet | Rita Bužinskienė |
| author_sort | Rita Bužinskienė |
| collection | DOAJ |
| description | The paper studies the accounting of recognition of research and development costs as intangible assets of Lithuanian companies. This study aims to reveal the possibilities of recognizing research and development costs as intangible assets in accounting. The biggest problem arises when the company itself decides to create intangible assets. These costs must be classified as research and development costs in accordance with the requirements of international and business accounting standards. The emerging problems and uncertainties regarding the criteria for recognizing intangible assets are still not resolved. These assets are recognized only when the company can demonstrate future economic benefits, determine their value, and control them. The results of the study showed that companies have various types of research and development costs, but they are not considered suitable for recognition as intangible assets in the statement of financial position
Keywords: research, development, intangible assets, accounting. |
| first_indexed | 2024-03-12T04:56:33Z |
| format | Article |
| id | doaj.art-3efc04211579488ca7ce7977ac60793c |
| institution | Directory Open Access Journal |
| issn | 2783-6290 |
| language | English |
| last_indexed | 2024-03-12T04:56:33Z |
| publishDate | 2022-12-01 |
| publisher | Šiaulių valstybinė kolegija / Šiauliai State Higher Education Institution |
| record_format | Article |
| series | Taikomieji Moksliniai Tyrimai |
| spelling | doaj.art-3efc04211579488ca7ce7977ac60793c2023-09-03T09:15:03ZengŠiaulių valstybinė kolegija / Šiauliai State Higher Education InstitutionTaikomieji Moksliniai Tyrimai2783-62902022-12-0112839375Assessment of the Recognition for Research and Development Costs as Intangible AssetsRita Bužinskienė0Šiauliai State University of Applied SciencesThe paper studies the accounting of recognition of research and development costs as intangible assets of Lithuanian companies. This study aims to reveal the possibilities of recognizing research and development costs as intangible assets in accounting. The biggest problem arises when the company itself decides to create intangible assets. These costs must be classified as research and development costs in accordance with the requirements of international and business accounting standards. The emerging problems and uncertainties regarding the criteria for recognizing intangible assets are still not resolved. These assets are recognized only when the company can demonstrate future economic benefits, determine their value, and control them. The results of the study showed that companies have various types of research and development costs, but they are not considered suitable for recognition as intangible assets in the statement of financial position Keywords: research, development, intangible assets, accounting.https://ojs.svako.lt/TMT/article/view/71researchdevelopmentintangible assetsaccounting |
| spellingShingle | Rita Bužinskienė Assessment of the Recognition for Research and Development Costs as Intangible Assets Taikomieji Moksliniai Tyrimai research development intangible assets accounting |
| title | Assessment of the Recognition for Research and Development Costs as Intangible Assets |
| title_full | Assessment of the Recognition for Research and Development Costs as Intangible Assets |
| title_fullStr | Assessment of the Recognition for Research and Development Costs as Intangible Assets |
| title_full_unstemmed | Assessment of the Recognition for Research and Development Costs as Intangible Assets |
| title_short | Assessment of the Recognition for Research and Development Costs as Intangible Assets |
| title_sort | assessment of the recognition for research and development costs as intangible assets |
| topic | research development intangible assets accounting |
| url | https://ojs.svako.lt/TMT/article/view/71 |
| work_keys_str_mv | AT ritabuzinskiene assessmentoftherecognitionforresearchanddevelopmentcostsasintangibleassets |