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Keywords: Generally accepted accounting principles
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Journal Articles
Qualitative Research in Accounting & Management (2011) 8 (4): 358–381.
Published: 22 November 2011
.... The scope for exercising subjectivity in a capitalisation decision stems from definition and recognition criteria for assets and expenses being somewhat loosely prescribed. There has been minimal tightening of criteria since the pertinent US Generally Accepted Accounting Principle (GAAP) was described...

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