Lesson: Research and Development Costs Summary

In this lesson, Nick Palazzolo, CPA, breaks down the intricacies of accounting for Research and Development (R&D) costs. Dive into the key relationships between R&D expenditures and intangible assets, as well as the unique considerations for software-related costs. With a clear explanation of when to capitalize versus when to expense these costs, the guidance provided will undoubtedly sharpen understanding of R&D accounting treatment, a topic that may appear straightforward at first, but contains nuances that could make a significant difference in scoring that passing mark. Join Nick as he ensures that these important points are thoroughly understood and remembered for the exam.