ANALYSIS of FOREIGN EXPERIENCE of EVALUATION SCIENTIFIC RESEARCH WORK
( Pp. 16-22)

More about authors
Tazikhina Tatyana V. Cand. Sci. (Econ.), Associate Professor; Professor of Department of Corporate Finance and Corporate Governance
Financial University under the Government of the Russian Federation
Moscow, Russian Federation Olga V. Loseva
Financial University under the Government of the Russian Federation; Moscow
; Russian Federation Marina A. Fedotova
Financial University under the Government of the Russian Federation; Moscow
; Russian Federation
Abstract:
Specific financial, economic, investment and cost characteristics of research and development works as an object of valuation do not allow for the use of standard tools to measure their value, and therefore the challenge is to develop methods and models that allow for the correct measurement of R&D value, taking into account all their inherent features. The article discusses the experience of the UK, India, Australia in the field of evaluation of research and development works. The article performs a comparative analysis of the standards governing the accounting evaluation of R&D, discusses the current trend towards convergence, the need and the possibility of using the tools of valuation in terms of research and development works in the presence of an active market for R&D. The following tasks were posed and solved in the article: 1. The article disclosed the essence of research work and highlighted two main stages; 2. The article examined the experience of research and development works costs accounting in the UK, Australia, India; 3. The article defined features and common elements in the accounting and valuation at the stage of scientific research and the stage of development work; Materials and methods. The article used the regulatory and methodological materials relating to the disclosure of research and development works costs in financial reporting and their capitalization as IA. During the examination of the foreign experience, we used the methods of analysis, synthesis and comparison. Results. The result of the performed analysis of the of research and development works evaluation experience is the conclusion about the need and the possibility of using the tools of accounting and valuation in determining the value of universities. Identification of the general tendency for convergence of accounting and valuation in determining the value of scientific research confirms the need to expand the arsenal of valuation methods. Findings. The foreign experience of Great Britain, India, Australia is advisable to apply in the Russian economy with a certain modification, subject to the expansion of the scope of application of IFRS and the development of an active research and development market.
How to Cite:
Tazikhina T.V., Olga V.L., Marina A.F., (2019), ANALYSIS OF FOREIGN EXPERIENCE OF EVALUATION SCIENTIFIC RESEARCH WORK. Economic Problems and Legal Practice, 1 => 16-22.
Reference list:
http://www.accaglobal.com/an/en/student/exam-support-resources/ fundamentals-exams-study-resources/f7/technical-articles/rd.html
Indian accounting standard 26 - Intangible Assets.
AASB (Australian Accounting Standards Board) 138 - Intangible Assets, 14 December 2015.
Financial reporting standard 102 - The financial reporting standard applicable in the UK and Republic of Ireland, September 2015.
http://www.dst.gov.in/general-information-research-and-develop-ment-funding-schemes-central-government-departments-agencies
Satish G. Patil. How to plan and write a budget for research grant proposal // Journal of Ayurveda and Integrative Medicine, 2017, № 1 - https://www.sciencedirect.com/science/article/pii/S0975947617301328
http://www.dst.gov.in/call-for-proposals
http://www.arc.gov.au/discovery-projects
http://www.arc.gov.au/sites/default/files/filedepot/Public/NCGP /DECRA19/ Discovery Program Funding Rules 2017 edition.pdf.
https://www.jcu.edu.au/research-services/contract-and-commercial/ research-contracts-and-consultancies/pricing-grant,-contract-and-consultancy-projects
https://www.education.gov.au/research-block-grants-new-arrange-ments-allocation-calculation-methodology
http://bmjopen.bmj.com/content/bmjopen/3/5/e002800.full.pdf
https://www.leverhulme.ac.uk/funding/grant-schemes/research-project-grants/costs
http://www.jcpsg.ac.uk/guidance/index.htm
https://www.vitae.ac.uk/doing-research/leadership-development-for-principal-investigators-pis/leading-a-research-project/applying-for-research-funding/costing-and-pricing-a-research-proposal
https://www.sheffield.ac.uk/rs/pricing
https://esrc.ukri.org/files/funding/guidance-for-applicants/research-funding-guide/