Skip to contentSkip to search

Research

Research is original and planned investigation undertaken to gain new scientific or technical knowledge. At the research stage, the entity cannot yet demonstrate that an identifiable intangible asset will generate probable future benefits. Record the expenditure as an expense in the period incurred. Expenditure on a later development phase is assessed separately against its recognition criteria. Laboratory investigation into a new principle is an example of research before product feasibility is established.

Worked example

Early experiments to identify a possible new technology are research.

Common mistake

Research expenditure is expensed when incurred; do not assume it meets development recognition criteria.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA FA Direct September 2026–June 2027
ACCA FR Direct Official assessment-window verification pending
ACCA K1 Direct July 2027–August 2028
CIMA BA3 Direct Official assessment-window verification pending
CIMA F2 Direct Official assessment-window verification pending
FIA FFA Direct September 2026–June 2027

Related terms