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U.S. GAAP Accounting Standards
Codification Topic 730-20: Research and Development Arrangements


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Codification Topic 730-20
Research and Development Arrangements


Research and Development Arrangements

SFAS 68, October 1982
"Research and Development Arrangements"

Research and development arrangements
Research and development is funded by other parties

Forms of research and development arrangements
1. Liability to repay to other parties
2. Obligation to perform contractual services
3. Loan to other parties
4. Issuance of warrants

Liability to repay to other parties
1. If repayment is required regardless of the result of R&D activities
--> recognize it as a liability

2. R&D costs are expensed as incurred

Obligation to perform contractual services
1. If repayment of loan depends on the result of R&D activities
--> this obligation is a contract to perform R&D for others

2. Apply accounting for contract revenue and costs

Loan to other parties
If repayment of loan depends on the result of R&D activities
--> the loan is charged to R&D expenses

Issuance of warrants
If warrants are issued by R&D arrangement
--> the fair value of the instrument is
--> reported as paid-in capital


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   Codification Topic 730
   Research and Development
 
Subtopics of Codification Topic 730
 
   730-10 Overall
   730-20 Research and development arrangements     
 
Accounting Terms of Codification Topic 730-10
 

   Research and development   
 
Accounting Terms of Codification Topic 730-20
 
   Probable
   Related parties
   sponsor




   Other Topics at the Codification 700 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 705: Cost of Sales and Services
 
ASC Codification Topic 710: Compensation-General
ASC Codification Topic 712: Compensation-Nonretirement Postemployment Benefits
ASC Codification Topic 715: Compensation-Retirement Benefits
ASC Codification Topic 718: Compensation-Stock Compensation
 
ASC Codification Topic 720: Other Expenses
 
ASC Codification Topic 730: Research and Development
 
ASC Codification Topic 740: Income Taxes


   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

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