Research and Development Accounting – What You Need to Know About ASC 730​

Course Overview:

This course provides a clear overview of accounting for research and development activities under ASC 730. It starts by covering the fundamental concepts of R&D, including what costs qualify, recognition rules, and disclosure requirements, while addressing the uncertainties that come with R&D. The course then moves into arrangements where outside parties fund R&D, explaining how to identify obligations, measure costs, and report these transactions. Throughout, you’ll gain practical insight into the complexities of accounting for R&D and related funding arrangements.   



Learning Objectives:

 Upon completion of this course, you will be able to:

• Identify the key components that define research and development activities
• Distinguish between research and development as separate concepts
• Recognize the scope and scope exceptions applicable to R&D under ASC 730-10
• Determine the recognition requirements for R&D costs
• Recall the disclosure requirements related to R&D in financial statements
• Identify the scope of ASC 730-20 for R&D arrangements
• Differentiate between obligations to repay funds and obligations to perform contractual services under R&D arrangements
• Recognize how subsequent measurement of R&D arrangements is handled
• Determine required disclosures related to research and development arrangements
• Select key factors affecting accounting treatment in R&D funding arrangements