)) The efficiency and effectiveness of accounting and control research and development costs in the Iraqi environment according to International standards)) | ||
| Al Kut Journal of Economics Administrative Sciences | ||
| Article 1, Volume 0, Issue 22, August 2018, Pages 247-268 | ||
| Abstract | ||
| Abstract Focused professional organizations the costs of research and development before 1974, as FASB Financial Accounting Standards Board issued Standard No. (9) entitled Accounting for research and development costs where he is serving as all research and development expenses costs charged to the period in which they deserve through it, but this criterion has stopped working in 2000, and dissolved replaced by International Standard No. (38) intangible assets that take a broader view of the previous standard dimension, either in regards to the Iraqi environment Accounting and Auditing Standards Board of the Republic of Iraq has issued accounting rule number (2) of intangible assets to be applied This rule applies to the financial statements at 31/12/2013 based on changes in international standards instead of the previous rule, so he explained the content of those research costs and accounting treatments have this in the theoretical side of the search for his part in either Applied review and compared with international standards has included relevant, local and agree accounting rule number (2) Intangible assets unified accounting system with the international standard (38) intangible assets, as well as, to know the quality of auditing expenses of research and development through the presentation of the most important observations of the Audit Court contained in its reports on the expenses of search and development, and the search is over a set of the most important conclusions and recommendations. Conclusions :- 1. The Accounting and Auditing Standards Board of the Republic of Iraq to cancel the accounting rule number (2) of the costs of research and development, and the adoption of the accounting rule number (2) Intangible assets they can take effect on the financial statements as of 1 /1 /2013, in line with international standard No. (38) Of intangible assets. 2 - Not taking into account the change in the accounting rule number (2) Intangible assets by the unified accounting system, which led to the existence of some shortcomings in the accounting treatments. Recommendations: - 1. The need for the Iraqi Accounting and Auditing Standards Board of the follow-up International versions in regards to international accounting standards, particularly in relation to the costs of research and development For the purpose of adjustments due to local accounting rules. 2. Adapt standardized accounting system with accounting-rule (2) local intangible assets in terms of accounting treatments in a manner consistent With the changes. | ||
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