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Organizations seeking to break even and remain afloat must effect research-based changes in areas ailing them. These changes can include top-down operational infrastructure changes with talent identification getting extended to the makeshift staff constituted from all parts and levels of the company to help mitigate the problems temporarily during these happenings. The changes though would follow the existing procedures of process mapping, cause analysis and cross-discipline cooperation and further improvement of processes and technology. For such changes to be effected, extensive research must be done and invested upon with long term positive outcomes for the improvement of service delivery. Despite the established importance of research and development in streamlining operations as well as growth, many companies still struggle to account costs invested in research and development. This paper looks into the international guidelines to the accounting treatment of research and development costs. |
