Ujęcie nakładów na prace badawczo-rozwojowe według międzynarodowych standardów sprawozdawczości finansowej i ustawy o rachunkowości
Research and development costs under the polish accounting act and IFRS

Summary/Abstract: Intangible assets are assets which do not have any physical being, and thus any tangible form, therefore they cannot be grasped or touched. However, their inclusion in the accounts and measurement are one of the difficult issues of accounting. Polish Accounting Act does not define intangible assets directly, therefore it is necessary to refer to the International Accounting Standard No 38. According to the Accounting Act intangible assets are divided into: the costs of completed research and development works, goodwill, other intangible assets and advances on intangible assets. Costs of the completed research and development works include both research and development costs. IAS indicates how R&D costs should be recognized and which part of expenditures incurred may be recognized within intangible assets. Both the Accounting Act and IAS indicates how R&D expenses shall be depreciated and the way to perform impairment tests.

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