On the accounting of research and development

Rapid development of science and technology has given rise to a great quantity of high-tech enterprise, and science and technology in enterprises development have become increasingly important. The activities about science research and technology development have become an important content of study in the field of accounting. This study is certainly of great significance in the promotion of the technology innovation and continuous development of enterprise in the 21st Century. This paper discusses the accounting of research and development, which is thought to be a new branch of accounting and whose research goal is the accounting issues related to technology research and development of an enterprise, as well as providing accounting information reflecting the development potentiality of an enterprise