This study focuses on the decreasing relevance of financial information associated with current financial reporting standards for intangible assets.We summarize and compare three approaches to improving financial repo...This study focuses on the decreasing relevance of financial information associated with current financial reporting standards for intangible assets.We summarize and compare three approaches to improving financial reporting standards for internally generated intangibles—the recognition approach,the fair value approach and the disclosure approach,among which we focus on the recognition approach.We investigate the impact of current International Accounting Standard 38 on the R&D capitalization policies of the high-tech industry,particularly among medical device firms in China.We conclude that the current recognition criteria are so stringent that they disincentivize firms from capitalizing their R&D investments.A large variation exists in capitalization timing within the medical device industry.Accordingly,we propose the milestone approach to revising financial reporting standards for intangible assets.We suggest that determining the capitalization criteria for intangibles based on the R&D cycle and capitalization timing should be moved forward.展开更多
德尔菲法作为一种建立群体共识的方法学工具,已被广泛应用于医学研究领域以解决复杂且无法直接定量分析的问题。基于对德尔菲法的实施质量和报告透明度需求,姑息治疗领域学者制订了德尔菲研究实施与报告标准(standards for conducting a...德尔菲法作为一种建立群体共识的方法学工具,已被广泛应用于医学研究领域以解决复杂且无法直接定量分析的问题。基于对德尔菲法的实施质量和报告透明度需求,姑息治疗领域学者制订了德尔菲研究实施与报告标准(standards for conducting and reporting Delphi studies,CREDES)。本文对CREDES进行解读,以期为德尔菲研究方法学设计质量和报告透明度评价提供参考。展开更多
文摘This study focuses on the decreasing relevance of financial information associated with current financial reporting standards for intangible assets.We summarize and compare three approaches to improving financial reporting standards for internally generated intangibles—the recognition approach,the fair value approach and the disclosure approach,among which we focus on the recognition approach.We investigate the impact of current International Accounting Standard 38 on the R&D capitalization policies of the high-tech industry,particularly among medical device firms in China.We conclude that the current recognition criteria are so stringent that they disincentivize firms from capitalizing their R&D investments.A large variation exists in capitalization timing within the medical device industry.Accordingly,we propose the milestone approach to revising financial reporting standards for intangible assets.We suggest that determining the capitalization criteria for intangibles based on the R&D cycle and capitalization timing should be moved forward.
文摘德尔菲法作为一种建立群体共识的方法学工具,已被广泛应用于医学研究领域以解决复杂且无法直接定量分析的问题。基于对德尔菲法的实施质量和报告透明度需求,姑息治疗领域学者制订了德尔菲研究实施与报告标准(standards for conducting and reporting Delphi studies,CREDES)。本文对CREDES进行解读,以期为德尔菲研究方法学设计质量和报告透明度评价提供参考。
