Difference between revisions of "Research and development"
| Line 6: | Line 6: | ||
According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
:[[Research and development]] ([[R&D]]). Researching and developing new or improved products or services or the processes for producing them. | :[[Research and development]] ([[R&D]]). Researching and developing new or improved products or services or the processes for producing them. | ||
| + | According to the [[Strategic Management by David and David (15th edition)]], | ||
| + | :[[Research and development]]. Monies spent by firms to enhance existing products/services and/or create new and improved ones. | ||
| − | [[Category: Accounting]][[Category:Articles]] | + | [[Category: Accounting]][[Category:Articles]][[Category: Strategic Management]] |
Revision as of 14:32, 17 July 2020
Research and development is generating and experimenting with ideas related to new products, services, or processes.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Research and development. Generating and experimenting with ideas related to new products, services, or processes.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Research and development (R&D). Researching and developing new or improved products or services or the processes for producing them.
According to the Strategic Management by David and David (15th edition),
- Research and development. Monies spent by firms to enhance existing products/services and/or create new and improved ones.
