Accounting of research and development activities under Turkey financial reporting standards

Competition has become international, rapidly emerging and changing depending on development of new technology and products in recent years. It is a fact that the countries have predominated to others through technological developments. In the light of these information, research and development activities have gained special importance. The technological products generated as a result of these activities of the companies have a positive effect on the welfare levels of the societies and increase the quality standards. Therefore, Legal regulators encourage and support these activities. In our country, some supports and incentives have been offered to the enterprises engaged in R & D activities. Operations and incentives related to R & D activities of enterprises should be recorded, reported and followed up correctly in the coming years. The main aims of the study are to detect differences between Accounting Standards implemented in Turkey with the Uniform Accounting System and No. 38 's Turkey Accounting Standards and provide a convenient way to book their R & D activities. Keywords: Research and Development, Research and Development Activities, Intangible Assets, TAS-38