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U.S. GAAP Codification of Accounting Standards |
| U.S. GAAP Codification | Accounting Standards, ASC |
| Principles of Accounting, Intermediate Financial Accounting, U.S. GAAP Textbook |
| Accounting by Topic, Accounting Terms Dictionary |
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U.S. GAAP Accounting Standards |
| 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 |
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Subtopics of Codification Topic 730 730-10 Overall 730-20 Research and development arrangements |
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Accounting Terms of Codification Topic 730-10 Research and development |
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Accounting Terms of Codification Topic 730-20 Probable Related parties sponsor |
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