Status of Statement No. 2

Accounting for Research and Development Costs


October 1974

Effective Date:
For fiscal years beginning on or after January 1, 1975

Amends APB 17, paragraph 6
Amends APB 22, paragraph 13

Affected by:
Paragraph 3A added by FAS 141(R), paragraph E11(a)
Paragraph 3B added by FAS 164, paragraph E4(a)
Paragraph 11(c) amended by FAS 142, paragraph D3
Paragraph 12 amended by FAS 141(R), paragraph E11(b), and FAS 164, paragraph E4(b)
Paragraph 14 deleted by FAS 71, paragraph 26(m)
Paragraph 31 amended by FAS 86, paragraph 13

Other Interpretive Pronouncements:
FIN 5 (Superseded by FAS 7)
FTB 79-2 (Superseded by FAS 86)

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncement:
SOP 98-1

Issues Discussed by FASB Emerging Issues Task Force (EITF)

No EITF Issues

Interpreted by:
No EITF Issues

Related Issues:
EITF Issues No. 86-14, 99-5, 07-3, and 09-2

*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.

Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides