This Practice aid was established to benefit all parties interested in the financial reporting of assets acquired to be used in R&D activities, including specific IPR&D projects, in the software, electronic devices, and pharmaceutical industries (though accounting principles generally accepted in the United States of America [GAAP] underlying the best practices apply to all industries). The original guidance was published in 2001. It was issued in the form of a practice aid, Assets Acquired in a Business Combination to Be Used in Research and Development Activities: A Focus on Software, Electronic Devices & Pharmaceutical Industries (subsequently referred to as the original practice aid). Since the issuance of the original practice aid, there have been significant additions and amendments to GAAP. This guide has been updated to reflect the latest guidance, including the guidance in FASB ASC 820.
Access the Assets Acquired to Be Used in Research and Development Activities practice guide in the FVS Online Professional Library.
Chapter 1 – Valuation Techniques Used to Measure Fair Value In-Process Research and Development Assets
Chapter 2 – Definition of and Accounting for Assets Acquired in a Business Combination That Are to Be Used in Research and Development Activities
Chapter 3 – Accounting for Assets Acquired in an Asset Acquisition That Are to Be Used in Research and Development Activities
Chapter 4 – Subsequent Accounting for Acquired Intangible Assets That Are to Be Used in Research and Development Activities
Chapter 5 – Disclosures of Assets Acquired That Are to Be Used in Research and Development Activities
Chapter 6 – Valuation of In-Process Research and Development Assets
Chapter 7 – Support
Chapter 8 – Divorce and Taxes
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