Summary of Statement No. 2
Summary of Statement No. 2
Accounting for Research and Development Costs (Issued 10/74)
Summary
This Statement establishes standards of financial accounting and
reporting for research and development (R&D) costs. This
Statement requires that R&D costs be charged to expense when
incurred. It also requires a company to disclose in its financial
statements the amount of R&D that it charges to expense.
STANDARDS
- Accounting Standards Codification
- Accounting Standards Updates
- Concepts Statements
- Pre-Codification Standards
- Standards Issued
- Standards Issued in 2013
- Standards Issued in 2012
- Standards Issued in 2011
- Standards Issued in 2010
- Standards Issued in 2009
- Standards Issued in 2008
- Standards Issued in 2007
- Standards Issued in 2006
- Standards Issued in 2005
- Effective Dates of Recent FASB Pronouncements