Abstract: Research and development costs play an important role in a lot of companies. The issue of accounting for research and development costs attracts more and more concern. Accounting Standard for Business Enterprises: Intangible Assets is a standard regarding accounting for research and development costs because there is not a separate standard for research and development costs in China. Research and development costs incurred prior to the legal application of obtaining the intangible asset should be recognize...

Key words: intangibleassets, recognitionandmeasurement, researchanddevelopmentcosts, accounting, finacialmanagement