Research findings almost uniformly indicate that existing GAAP for both R&D and software development is

Question

Quizplus · Accepted Answer

Research findings uniformly indicate that existing GAAP for both R&D and software development is conservative, meaning that it tends to underestimate the potential benefits and overestimate the costs of these activities. This approach is designed to ensure that financial statements do not overstate the value of the company's assets, earnings, or cash flows.

Research Findings Almost Uniformly Indicate That Existing GAAP for Both