In the financial field, the so-called RD refers to R&D, and the specific explanation refers to the expenditure on training, experiment and testing used in R&D within the enterprise.
From the enterprise's point of view, a company's core technical responsibility, core competitiveness and whether a company is strong or not largely depend on the R&D department. A company's investment in R&D determines how far it can go. Therefore, this indicator is also one of the important indicators of financial statements.
The importance of research and development:
Science and technology R&D refers to the planned investigation, analysis and experimental activities for acquiring new scientific and technological knowledge, creatively applying new scientific and technological knowledge and exploring major technological improvements. The study of scientific principles, laws and theories is called basic research, and the applied research and development of science and technology is called applied research and development.
The situation of scientific and technological research and development, such as research and development funds, the number of research and development personnel, research and development achievements, including published papers and applied patents, is an important indicator to measure a country's innovation ability.
Technology R&D refers to the systematic activity of transforming scientific research achievements into innovative products, materials, devices, processes and services with reliable quality and feasible cost, with the aim of greatly improving technologies, products and services.