An ongoing, unresolved heated debate in accounting practice relates to whether capitalization of development costs should be allowed. This study contributes to the debate by developing a new approach to examining the implementation of development costs capitalization in the second largest...

The transition to IFRS based reporting has resulted in fundamental departures from many of the long accepted norms embedded in indigenous GAAP systems now superseded in IFRS adopting jurisdictions. The rules relating to goodwill accounting, measurement and reporting represent an excellent case...