Projekty badawczo-rozwojowe dofinansowywane ze środków unijnych w księgach rachunkowych – wybrane problemy
Research and Development Projects Co-financed from EU Funds in Accounting Books – Selected Problems

Summary/Abstract: The objective of this paper was to discuss major problems related to the inclusion in the account books of revenues and costs of innovative projects co-financed from the EU sources, under Operational Program Smart Growth (POIR). Such projects are carried out through realisation of industrial research and experimental development. Definitions of these activities are considered in relation to the so-called technology readiness level (TRL). The Accounting Act (UOR) does not regulate how the costs of ongoing R&D work should be recognized in the account books (it only refers to the completed development activities), therefore, regulations presented in the International Accounting Standard IAS 38 should be used in cost records of R&D activities. UOR and IAS 38 regulations differ in terms of recognition of completed activities of experimental development. The following issues are problematic: treating research costs as costs of the period, qualifying activities as industrial research or experimental development, assessing  at the end of the fiscal year – the ability of future effects of ongoing development work to generate economic benefits. These and other problems are presented base on a case study. The case study was performed through analysis of relevant documentation and in-depth interview with the owners of the enterprise, who obtained EU funding for the implementation of an innovative R&D project within Operational Program Smart Growth 1.1.1 (so called Fast Track).

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