Module I· HGB vs. IFRS — Structural DifferencesIntermediate
Question

How does R&D capitalization differ under HGB versus IFRS?

Answer

Research is expensed. Development may be capitalized if criteria are met, especially under IFRS IAS 38. Capitalization boosts current EBITDA.

Deep diveShow more details

High development capitalization can flatter EBITDA. In DD, compare capitalized development to total R&D cash spend and future amortization burden.