Do Accounting Rules Discourage Research & Development?
http://art.fdlive.com/articles/33971/1/Do-Accounting-Rules-Discourage-Research--Development/Page1.html
Michael Sack Elmaleh
Michael Sack Elmaleh is a Certified Public Accountant and Certified Valuation Analyst. His book,"Financial Accounting: A Mercifully Brief Introduction", has received wide critical acclaim. He has nearly 30 years of accounting and 10 years of teaching experience.
http://understand-accounting.net By Michael Sack Elmaleh
Published on 04/23/2008
Current accounting rules discourage research and development spending to the detriment of society.