Further Improving The Accounting Treatment Related To Intangible Assets

In 2018,the Ministry of Finance issued a new policy to list the “R&D expenses ”separately in the income statement.It is sufficient to see the importance attached by the state to the accounting treatment of intangible assets and R&D expenditures.However,the accounting treatment of intangible assets in China has irregularities.It is not conducive to the presentation of the “R&D expenses” of the income statement and the presentation of the“intangible assets” of the balance sheet.Based on the normative research method,based on the theory of institutional theory and economic consequences,combined with the annual report of listed companies in China,this paper argues that the accounting treatment of intangible assets in Chinese enterprises has the following problems: First,in the measurement,there is a choice of intangible assets.The method of selling does not consider the characteristics of its own industry,so that the accounting information loses comparability;the problem of impairing the intangible assets is not timely.Secondly,in terms of R&D expenditure,there is a problem of using the definition of the timing of capitalization of R&D expenditures to manipulate profits.The problem of unclear definition of the time of capitalization of R&D expenditures and the problem of inflating R&D investment are not unified.The problem of accounting models,and the problem of not fully documenting the collection of research and development costs.Finally,in terms of disclosure,there is no detailed disclosure of intangible assets related content,and the disclosed intangible assets related content is not normative.Aiming at the problem of accounting treatment of intangible assets by Chinese enterprises,the paper puts forward corresponding suggestions for improvement based on accounting accounting theory and accounting information quality requirements.In terms of measurement,it is recommended that Chinese enterprises consider a variety of issues in the selection of amortization methods of intangible assets.Factors;normative treatment of other aspects related to impairment of intangible assets.In terms of R&D expenditure,(1)prevent enterprises from using capitalization time to define profit-making,set secondary and tertiary detailed subjects under the “R&D expenditure” subject,and regularly estimate the R&Dcapitalization rate of enterprises;(2)R&D expenditure on enterprises The problem of unclear definition of capitalization time requires the enterprise to explicitly enumerate some special research stages and development stages to define standards,and the enterprise refers to the possibility of the possibility of matters to refine the research and development stage;strictly according to the standards mentioned in the article It is easy to confuse costs and strictly handle the four aspects of R&D project data.(3)Set a unified project schedule for the problem that the company does not have a “research and development expenditure” unified accounting model.(4)In response to the problem of inflated R&D investment by enterprises,enterprises are required to reconcile the amount of “R&D expenditure”,“R&D expenses”and R&D activities that have occurred in the current period into “ intangible assets ”according to the project,and in the notes to the financial statements.Clear disclosure.(5)For the problem that the enterprise does not fully record the collection of research and development expenses,the enterprise is required to return to the capitalized project on schedule.In terms of disclosure,the disclosure of the intangible assets and the explicit disclosure of content are improved in turn.