The R&D paradox: Is the UK's SSAP still relevant, given the changing emphasis in asset management?
Article Abstract:
The continued relevant of SSAP 13, Accounting for Research and Development, is being considered. SSAP 13 has a tone of prudence, and pressure to treat development costs as revenue expenditure. SSAP 13 pushes companies in the direction of reducing current profits by writing off its development costs. Companies that develop their own products may be penalized, as the cost of development is charged against the accounts, prior to achievement of any sales benefit, while the acquisitive company is allowed to delay charges against profits for brands it acquires.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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An Italian lesson
Article Abstract:
Italy has revised its accounting standard dealing with accounting of current and deferred income taxes. Deferred tax liabilities will be classified as "provisions for liabilities and charges," with deferred tax assets classified with current assets.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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