Study On Accounting Treatment Of Research & Development Expenditures In Hi-Tech Companies

The accounting treatment of R&D we implement nowadays follows the one coming from the era of manufactory economy. And it doesn't adapt to the era of knowledge economy now. No doubt, this kind of dropping behind makes the accounting number becoming inexact when weigh the value of enterprises, especially the hi-tech companies. It also makes the market to misunderstand the payoff ability of hi-tech companies.Based on the observation, we discussed the practical and theoretical conflicts of expensation of R&D expenditure in knowledge economy, and combed carefully the accounting treatment of R&D expenditure in several countries. That is, in the developed countries where R&D activities are thriving, such as U.S.A. and England, the R&D accounting treatment is to expense in the period of occurring. So is China.Expensing the R&D expenditure is always to meet the principle of prudence. A lot of researches show that expensation could not reach the goal of constitutors of rules. Therefore, we analyzed the necessity of capitalization of R&D expenditure. Through the theoretical analysis of EVA and the computing model of the economic value of R&D, we found the theoretical support for capitalization of R&D expenditure. Based on this, we bring forward an accounting treatment mode of capitalization.The dissertation consists seven chapters. The first chapter is introduction, introducing the research status quo of accounting treatment of R&D expenditure of inside China and abroad; the second chapter tells the contract relationship between accounting and enterprises, and influences on accounting and enterprises brought by the change of environment; the third chapter analyzes the phenomenon and features of R&D expenditure in knowledge economy; the fourth chapter mainly illuminates the necessity of capitalizing R&D expenses; the fifth chapter particularly analyzes the theoretical foundation of capitalizing R&D expenses; in the sixth chapter, we design, based on the theoretical foundation, an accounting treatment mode of capitalizing R&D expenses; and the last chapter is the conclusions of the dissertation.